MicroStrategy CEO Michael Saylor shared his thoughts on the future of Bitcoin (BTC) and the overall crypto markets following the massive losses in the industry.
In an interview with Fox Business host Charles Payne, Saylor said that digital assets can be divided into three different categories. told. According to Saylor, the crypto market is grouped as follows:
“The crypto crashes showed that the entire crypto world is made up of three things: Bitcoin, which is a great thing, which is digital property.
Few flaws, these are stablecoins. The world wants digital dollars. It’s hard to find. These also look like opaque money market funds.
Then there are many, many dangerous things. Altcoins are unregistered securities, and what we saw this week was an altcoin explosion.
The whole world wants stablecoins it can trust.”
After TerraUSD (UST) and its associated altcoin Terra (LUNA) suffered a massive crash, the MicroStrategy founder revealed that he believes the drop will be positive for Bitcoin (BTC). According to the famous CEO, the collapse in question can accelerate the legal regulations:
“I think this whole crypto crash will be great for Bitcoin. It will accelerate some much-needed regulation for stablecoins, altcoins and exchanges. The events are clearing the political stalemate. It is educating the world on the difference between Bitcoin and security tokens, and this will facilitate entry for institutions into this space.”
The Bitcoin proponent says that in addition to gaining industry capital, people are attracted to crypto as an alternative way to deposit money separately from the stock market.
“I think we’re doing new transformations every week… we win Goldman Sachs, we beat the big banks, and we win Fidelities.
People realize that this is a good development. The basic idea is that billions of people on the planet shouldn’t have to keep their savings on an exchange or gamble in a casino all their lives in order not to lose their money. So why not invest it in Bitcoin, perhaps the hardest coin the human race has ever invented, and just wait?”
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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.