The Bitcoin 2022 Conference, which has been going on since the beginning of the week, brought together many famous names. Among the speakers, Michael Saylor and Cathie Wood, with Bitcoin (BTC) made relevant statements.
Billionaire tech investors Wood and Saylor are pushing for Bitcoin adoption. the future is extremely bright they believe it is. Saylor,
People ask me if I’m still bullish on Bitcoin. I’m more bullish than ever on Bitcoin. The future is bright!
said. if wood
I see the politics around Bitcoin radically. It has become a single issue where people vote in a two-party system.
said.
Wood also stated that Treasury Secretary Janet Yellen had made extremely negative evaluations about Bitcoin only a year ago, but has since changed her mind seriously.
Michael Saylor for President Joe Biden
Bitcoin was adopted. Management has given Bitcoin the green light. Politicians are now competing over who is the most pro-Bitcoin.
said.
“This Makes Bitcoin Stand Out!”
Wood also brought up the recent statements by Gary Gensler, Chairman of the Securities and Exchange Commission, claiming that Bitcoin is not a security. He stated that this makes Bitcoin even more prominent among other digital assets.
What Do They Think About Inflation and Deflation?
In the continuation of the bilateral talk, the billionaire also discussed the global economy. The duo, who have different ideas about the macroeconomic outlook of the world, think: Saylor believes that monetary policy will continue to be inflationary and will push prices up. Wood, on the other hand, argues that technology innovation will create massive deflationary pressures that will offset the Fed’s printing of money.
Saylor said, “If inflation is an issue, I can clearly say that Bitcoin is a big hedge.” Says Wood, “I believe Bitcoin can also be useful as a hedge against deflation and counterparty risk.” said.