Countries, Banks, and Conventional Finance Will Eventually Adopt Bitcoin: Michael Saylor

Countries, Banks, and Conventional Finance Will Eventually Adopt Bitcoin: Michael Saylor

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MicroStrategy CEO Michael Saylor

MicroStrategy CEO Michael Saylor, a huge Bitcoin advocate, predicts mainstream organizations’ mass adoption of the leading cryptocurrency by market cap. According to Saylor, countries, banks, and conventional finance will eventually adopt Bitcoin.

Pro-Bitcoin CEO Says It is Only a Matter of Time

Saylor revealed his sentiments in a Fox interview and further emphasized his point on Twitter. The pro-bitcoin CEO noted that the growth in Bitcoin interest is more than observed in 2021.

Saylor notes that the countries, banks, and conventional finance are experiencing a crisis of confidence in the leading crypto. He discusses the fuel behind this growing enthusiasm in the digital asset industry.

In the interview, Bitcoin advocate Saylor referenced the recently held Bitcoin 2022 conference in Miami. He said he had never seen so much passion. The conference had politicians, sports figures, capitalists, and intellectual figures from all over the world in attendance, curious to know more about Bitcoin.

Furthermore, pro-Bitcoin CEO Saylor noted President Biden’s crypto executive order has opened up an opportunity for more banks to adopt Bitcoin. He continued that JPMorgan was coming around, and Bank of America, BlackRock, and Goldman Sachs will follow suit. It is only a matter of time until all these organizations adopt Bitcoin.

Bitcoin is the Solution to Inflation: Michael Saylor

Another fundamental catalyst of the growing Bitcoin interest is the shrinking faith of the people in the government’s fiat currency. The value of fiat keeps decreasing with the growing inflation. As such, cryptocurrency seems like an attractive currency free of inflation.

MicroStrategy CEO Michael Saylor says Bitcoin is the solution to the inflation problem. Conveniently, the cryptocurrency market just experienced a shred of over 4% of its value. Bitcoin advocate Saylor advised that it is the perfect time for long-time holders to stack up on their holdings. According to him, long-term investors are in a position of better gains than the fast money traders.

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