MicroStrategy CEO and Bitcoin investor Michael Saylor explained why he supports the leading cryptocurrency Bitcoin so much. Saylor said he supports Bitcoin as it provides critical protection against the dangers of inflation.
“Bitcoin, A Solution to Inflation”
Speaking to Bloomberg Technology, MicroStrategy Chairman and CEO Michael Saylor, BTC’s anti-inflation solution He also shared his thoughts on what Twitter, under the management of Elon Musk, could mean for the cryptocurrency community.
Pointing out that Bitcoin has been trading in a narrow range for a while and has not moved from the $40,000 price range, Saylor stated that all this is a perspective issue in terms of time frame. Saylor said:
“If you go back to when MicroStrategy first bought Bitcoin, it goes up to 400% and you see Bitcoin outperforming the Nasdaq, gold or any other asset you can buy.”
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