MicroStrategy founder and CEO Michael Saylor, if governments continue with inflationary fiscal policies bitcoinHe explained that he believes that BTC (BTC) will continue to be more and more valuable.
CNBC TechCheck Speaking in a new interview with host Deirdre Bosa, Saylor stated that he believes the leading crypto asset will “forever go up” due to its limited supply, which cannot increase regardless of demand and price.
“My point is, there will never be more than 21 million Bitcoins (BTC), which creates a constant supply. This is the only scarcity anyone can invest in in the world.
As the price of any other asset you can buy as a hedge against inflation, such as real estate, stocks, gold or commodities, increases, so does its supply, but it is impossible to increase the supply of Bitcoin.
Considering that inflation also reduces the value of traditional currencies, bitcoin This may be one reason why its price has gone up (he thinks there is a correlation between people investing in BTC as currencies depreciate).
If you look at currencies around the world, you can see that they have swelled maybe 10% or more per year, maybe 14% per year, over the last 30 years. It looks like they will continue to swell for the next 30 years. At the end of this, measured in world currencies and currency derivatives BTC will continue to rise despite the volatility.”
The supply of traditional stores of value, both physical and paper money, continues to increase, according to Saylor, and when it comes to the limited supply of gold, he said he disagrees.
“Gold is not stable. the supply of gold shows an annual increase of 2% in the physical regime. Bankers can re-mortgage gold and print 100 ounces of “paper” gold for every ounce of real gold. Bitcoin, on the other hand, is a “dominant” digital currency network, and because it is dominant, it means that it is the most trusted, highest integrity, scarcest thing in the financial universe. Bitcoin will rise forever!”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.