MicroStrategy CEO Michael Sailor expressed confidence in the optimistic future of bitcoin and said that sooner or later it will become one of the generally accepted forms of ownership.
In a recent interview, the head of MicroStrategy said that by investing in bitcoin, the company has high hopes for it. Sailor believes the Bitcoin network has unique potential to support new features. According to him, the open Bitcoin network will soon be used by billions of users, and in the long term, Bitcoin will be owned by almost every person or company.
“Many people think that diversification is buying other cryptocurrencies or other types of stocks. We believe that owning bitcoins is already adding a lot of variety to our investment portfolio. The authorities of many cities, states and governments already hold bitcoin in their accounts, not to mention small and large investors. Ultimately, Bitcoin could become the core of technological innovation at Apple, Amazon, and Facebook. So we want to own it, ”Sailor said.
When asked how large centralized giants can be associated with cryptocurrencies, Sailor replied that Bitcoin will help them solve problems with cybersecurity and spam. Integration with bitcoin, in particular, with the Lightning Network, which supports micropayments, will provide the necessary level of transparency, solvency and trust. Sailor likened user interaction to an online game. According to him, in any game you need a “skin”, which Bitcoin can become for all participants in cyberspace.
“Some people joke that investing in bitcoin is not a trading strategy, but“ winding up ”. I recently did some research: The average Twitter user thinks this system will last another 3,500 years. But no one thinks that way about bitcoin, and is in no hurry to invest in it. And yet, we are confident that in the future it will become one of the forms of ownership, ”Sailor said.
He added that BTC caters to the needs of retail traders, otherwise it would not be supported by major platforms like Robinhood. Sailor is convinced that platforms for trading traditional assets should even more actively support cryptocurrencies, as there is still a hype around Bitcoin, attracting a lot of traffic.
Earlier, Sailor called Bitcoin the best way to preserve value, so MicroStrategy intends to store the purchased bitcoins for 100 years. As of July 2021, the company owns 105,085 BTC.
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