MicroStrategy CEO Michael Saylor said that people still do not understand the value of Bitcoin.
US inflation reached record highs at 9.1%, and global reserve currencies are rapidly losing value against the US dollar.
Referring to the economic situation in the world, Saylor argued that many people still do not understand that Bitcoin is not equal to anything but 1 Bitcoin.
Saylor said that cryptocurrencies are not associated with fiat currencies and the true value of the asset is still unchanged despite the strong pressure from macroeconomic statistics on Bitcoin.
However, it is worth remembering that MicroStrategy’s loss exceeded 1 billion dollars. The company had 129,699 BTC worth approximately $4 billion as of June 28, and these BTCs were purchased at an average price of $30,664.
US inflation rose to 9.1%, the biggest increase since November 1981. Market expectations were at the level of 8.8%.
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