When Will People Wake Up To What's Really Going On | Michael Saylor

In a healthy debate on the George Gammon show, one of Bitcoin’s advocates, Michael Saylor explained why some might misconstrue the importance of Bitcoin. Saylor’s argument is that to the western world (those in the US, Europe, and more developed countries), Bitcoin as an asset class might be a luxury but to countries where the currency is devaluing by the month, Bitcoin is hope and a lifeline. Saylor believes that many people are looking at Bitcoin from only a Westerner’s point of view, but the real value is for the middle class and poorer nations where Bitcoin can be fractionally owned. And their wealth is preserved while their fiat currencies are being deflated away.

Michael J. Saylor is an American entrepreneur and business executive. He is the executive chairman and co-founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor served as MicroStrategy’s chief executive officer from 1989 to 2022. In 2020, Saylor adopted the Bitcoin strategy when MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin.
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