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MicroStrategy CEO: Bitcoin the Solution to $250 Trillion Problem
Summary: In a webinar today, MicroStrategy CEO Michael Saylor told Kraken’s Dan Held that Bitcoin is a $250 billion “solution to $250 trillion worth of a problem.” In explaining the reason behind MicroStrategy’s $425 million purchases (now worth closer to $520 million), Saylor pointed to what he said is a $250 trillion market for alternative assets. ...
In a webinar today, MicroStrategy CEO Michael Saylor told Kraken’s Dan Held that Bitcoin is a $250 billion “solution to $250 trillion worth of a problem.”
In explaining the reason behind MicroStrategy’s $425 million purchases (now worth closer to $520 million), Saylor pointed to what he said is a $250 trillion market for alternative assets.
Saylor said, seemingly referring to the Federal Reserve’s policy of increasing the monetary supply and exceeding its earlier 2% inflation target, “all the equities, all the bonds have to be valued at...a discount rate.” The solution, to Saylor, is Bitcoin, which is designed to have a fixed supply and be non-inflationary.
By Amy Liu
Tags: Bitcoin,MicroStrategy,solution
Link: MicroStrategy CEO: Bitcoin the Solution to $250 Trillion Problem [Copy]
