Michael Saylor posted a video on social media X in which he talks about how the financial system is on the verge of collapse and the US currency is already losing its purchasing value. Therefore, Bitcoin is going into full-fledged “evangelism” as supporters of this cryptocurrency appropriate religious ideas to it.
God Bless #Bitcoin pic.twitter.com/4XRjP5aLSB
— Michael Saylor (@saylor) July 9, 2024
American venture investor Tim Draper compared the BTC market to a good church ready to accept parishioners. The same is true for Bitcoin – anyone can become part of its economy. Draper has previously said that the world is ready to abandon state cryptocurrencies in favor of Bitcoin. Saylor agreed, writing in the comments that many people have changed their perception of Bitcoin for the better and have begun to attribute spiritual values to it.
However, Peter Schiff, the head of Euro Pacific Capital, nicknamed the “Gold Bug” for his support of gold investments, still condemns cryptocurrencies. Schiff commented on the video, writing that Bitcoin is even more corrupt than the dollar. The economist urged investors to find an alternative to the dollar by choosing silver or gold over Bitcoin. Schiff then went on to label Bitcoin as a fraud and a scam.
According to a recent forecast by Michael Saylor, Bitcoin will be worth $8 million in the long term. As Saylor put it, everyone will buy Bitcoin at the price they deserve.
Source: Bits
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