Bitcoin will replace gold. Big institutions will accept BTC, says Michael Saylor

In a recent interview with Kitco, former MicroStrategy CEO Michael Saylor predicted that Bitcoin would demonetize gold over time. The American investor also does not believe that gold has been accepted as money in the 21st century. “Gold was metallic money in the 19th century,” he stressed. The BTC / USD exchange rate is consolidating around USD 24,500 over the weekend.

Saylor believes that the largest cryptocurrency will become an institutional asset of an investment grade
He also claims that conventional economists don’t understand Bitcoin because they hate volatility
An American investor recently stepped down as the CEO of MicroStrategy shocking everyone
Do you want to buy or sell BTC, ETH or any other cryptocurrency? Check out the Cashify offer, a network of exchange offices that allows you to exchange over 460 cryptocurrencies
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Bitcoin will demonetize gold over time, an American investor believes

Saylor believes that the largest cryptocurrency will become an institutional investment grade asset that will be adopted by major investors, regulators and legislators. The investor predicts that a Bitcoin fund may appear on the stock exchange in a year’s time. Saylor also claims that conventional economists don’t understand Bitcoin because they hate volatility. – Volatility is the price you pay for performance. If you can’t stand the heat, you shouldn’t be in the kitchen… I’d rather win flying than lose slowly, ‘he added. Speaking of the broader crypto market, Saylor believes that “many bad things” have been “washed away.” However, he emphasizes that there are still plenty of unregistered securities.
Do you want to buy or sell Bitcoin (BTC)? Take advantage of the offer of cashify, a network of exchange offices allowing the exchange of over 460 cryptocurrencies. CHECK US >> An American investor recently stepped down from the position of CEO of MicroStrategy shocking everyone. The announcement came after the company lost around $ 1 billion in Bitcoin investment due to plummeting cryptocurrency prices. Saylor says he wants to focus more on investing in the flagship cryptocurrency, taking on the role of executive president. In a recent interview, the investor stressed that it was “very clear” to shareholders that Phong Le, the newly appointed CEO, would be Saylor’s heir.

“ We don’t run a business based on Bitcoin volatility, ” concluded Saylor.
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