According to Saylor, Bitcoin will see a significant rebound in its prices if investors´ perception of sectors such as gold, sovereign bonds, and new technologies changes.
The CEO of the company MicroStrategy, Michael Saylor, assured in a recent report that the value of Bitcoin could increase exponentially and how the digital currency would be worth 80 times more than its current price.
These are indications that the MicroStrategy executive exposed during an interview by the Binance team, in which Saylor discussed with the exchange’s CEO, Changpeng Zhao (CZ), about the most relevant aspects and other points of interest in association with the present and future that the ecosystem of the cryptocurrencies would experience.
In this regard, Saylor assured that Bitcoin needs to see a relevant change regarding how many people and entities perceive it. Therefore, it should stop being perceived as a highly volatile speculative asset to be considered one of the means of store the value of looking to the future.
Concerning those approaches, Saylor commented:
“The speculative narrative was predominant before March, but that is not going to attract 99% of investors or of the money that moves in the world… they want something different. They want Bitcoin as it is the ultimate long-term reserve asset. It is a haven asset, designed to be superior to gold in all respects for the ultimate bearer … If people leave gold and enter Bitcoin I do not guarantee that 1% of investors will get 1% of the capital they invest … I am speaking of 100% of investors deriving profits of at least 50% .”
For Saylor, once this change in the way users are perceiving Bitcoin starts to take place, the increase that will come if at least a couple of markets decide to step forward in favor, an increase in the price of the digital currency will happen, which would also increase significantly its global capitalization.
Favorable perception of gold falls
For Saylor, gold is a market that is out of date and can no longer compete against Bitcoin:
“Gold is defective, it is an antiquated store of value. It was the best store of value for 5,000 years until we invented the computer… It was just a good idea until it became a bad idea .”
The trend with which Saylor perceives Bitcoin is gaining more and more strength among reputed investors and representatives of traditional markets, who have gradually increased the amount of capital they allocate for investments in the digital currency sector. In this group, it is relevant to know cases such as Paul Tudor Jones, Raoul Pal, Stanley Drukenmiller, Bill Pulte, among others.
Meanwhile, the price of Bitcoin is at the time of publication above $ 19,000 as enthusiasm grows among many investors and analysts regarding the possibility of seeing new all-time highs before the end of this year.
By: Jenson Nuñez.
