Michael Saylor offers a number of fundamental catalysts that increase Bitcoin’s long-term value

Michael Saylor, CEO of MicroStrategy, said he believes in the long-term value of Bitcoin as it represents a number of catalysts that could drive the price of the leading crypto asset in the years to come.

In one interview New, Bitcoin Wal explains why MicroStrategy continues to buy Bitcoin even though BTC price has fallen 50% from its all-time high.

“We chose a very simple strategy: buy 105,000 blocks of Bitcoin in the cyberspace of Manhattan. We believe it’s worth hundreds of years and one day billions of people will want to live there. “

He also shared why Bitcoin is still a good investment and identified some of the fundamental drivers that make Bitcoin valuable in the long run.

“Biden is a good president for Bitcoin. Gary Gensler takes over the good SEC for Bitcoin. Progressive new management class. They were more enlightened. You are trained more deeply in Bitcoin.

I think I’ll see a bitcoin ETF soon. Morgan Stanley and Goldman Sachs, as well as most of the major banks, have started trading Bitcoin and derivatives and offer BTC mutual funds. There are many banks that offer Bitcoin services and of course Coinbase has listed them publicly. Square and Coinbase add millions of new Bitcoin holders every month, so all you need to do is be patient and watch long-term technology trends. “

Annie

According to Dailyhodl

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