Michael Saylor compares buying Dogecoin to gambling in Vegas

MicroStrategy’s Michael Saylor believes you can play with Dogecoin as long as you don’t hurt your family’s finances.

Michael Saylor – CEO of MicroStrategy

in a meeting interview With Sven Henrich from NorthmanTrader, Michael Saylor outlined the similarities between buying Dogecoin and Russian roulette in Las Vegas on July 3rd.

“I’m going to buy Dogecoin before Elon Musk goes on Saturday Night Live (SNL). I’m going to Vegas and I’m going to bet on bad luck. “

That said, gambling on meme stocks or cryptocurrency memes isn’t immoral as long as you don’t hurt your family’s finances.

“We shouldn’t tell adults what they can or can’t do. If they want to bet on the outcome of a sporting event, gamble or gamble on the meme in Vegas. As long as it’s in your gambling group and you don’t harm your family’s finances. “

Saylor claims that people who invest money in promising companies or cryptocurrencies with use cases are actually making an investment.

Legal risk

Saylor also said regulatory uncertainty is a “threat” to the entire crypto market:

“I think the market would be bigger without them.”

Decentralized exchanges (DEXs) and decentralized applications (dApps) represent the greatest regulatory risk because they are “very ambitious”:

“If regulators are currently not happy with exchanges that offer Bitcoin and Ethereum futures in London, they certainly will not be happy with DeFi exchanges that offer Bitcoin futures and Ethereum.”

Finally, Saylor said that large decentralized private stablecoins like Tether (USDT) pose a “direct threat” to central banks, which means that they cannot evade enforcement of the law.

Saylor believes “FUD USDT” will have a serious impact on Bitcoin and Ethereum.

Mr. Teacher

According to U.Today

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