Saylor has enough faith or too much faith in Bitcoin
Michael Saylor, the Strategy leader, recently said he is an even bigger believer in Bitcoin’s future. He believes the days of Bitcoin’s wild price swings are over. "I don’t believe the bear market is going to return in force," as he put it. He rather sees Bitcoin go up to one million dollars per coin. That might sound like a dream to many, but Saylor speaks with such certainty that even if you don't like the guy, you'll probably end up listening a little.
He says today is like a digital gold rush. He believes there are approximately 10 years left for people to acquire Bitcoin before it becomes too scarce or expensive. It’s not just about investing for him. It feels more like a mission. He is a true believer in Bitcoin, in much the same way that a person might believe in a political cause. It’s obvious he’s not just speculating or speaking out of his ass.
If you're watching the news you'll know that even the U.S. government and powerful figures in finance are now getting behind Bitcoin. Saylor is not merely buying and holding Bitcoin. His own company is developing financial tools around it. Stuff like as bonds and special stocks. These are not very common yet and he says that his company is the only company making them in this way.
To him, it’s not a performance against other Bitcoin companies. It’s all about providing something superior to the old methods of investing. The guy has a strong faith in a concept of Bitcoin above all else. You could even say that his entire company runs on Bitcoin. No mixed investment or hedge, just full confidence. For me I'm just waiting for giants like JPMorgan to come in, but Saylor doesn’t care at all and expects that by then, the price will be insane. Right or wrong, his enthusiasm is definitely hard to resist.
Posted Using INLEO