BTC’s volatility hasn’t changed Michael Saylor’s outlook on it
© Reuters. BTC’s volatility hasn’t changed Michael Saylor’s outlook on it
- Michael Saylor recently tweeted an excerpt from an interview on FOX Business.
- The price of BTC could reach new all-time highs in the medium to long term due to the money printing policies of the United States.
- In related news, the price of BTC has risen almost 2% in the past 24 hours.
MicroStrategy CEO Michael Saylor recently tweeted an excerpt from an interview on FOX Business that talked about (BTC) and its price drop during this bear market.
The interview was with crypto podcaster Natalie Brunell, who highlighted the recent volatility Bitcoin price has witnessed over the past few days.
Brunell urged BTC investors to hold onto their BTC as she believes the largest crypto by market cap will hit $100,000 per coin. She also mentioned that no one can predict the price movements of crypto in the short term and that the price of BTC has been going up in the long term historically.
To justify why she thinks the price of BTC could reach an all-time high, Brunell referred to a recent event that saw Russian President Vladimir Putin calling out America for his current money-printing policy. .
The Russian president wondered why people needed to use dollars and euros to pay for goods when both were only losing value due to inflation and increased printing of currency. Putin said he believed there would be a move away from treasury bills and sovereign debt. For this reason, the podcaster believes that BTC will eventually have a larger market capitalization than bonds.
She’s not the only person to believe this, as Michael Saylor shared the interview with the caption “#Bitcoin is coming in for bonds, and it’s a much bigger market cap than gold.”
Currently, the price of BTC stands at $20,971.70 after climbing 1.91% in the past 24 hours, according to CoinMarketCap.
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