Bitcoin

1 billion people will save their lifelong Bitcoin savings on their phone by 2026, says the CEO of MicroStrategy

Bitcoin (BTC) will be the preferred method of saving one billion people on their phones by 2026, predicts the CEO of MicroStrategy, Michael Saylor.

In one interview with CNBC on Feb.23, Saylor, whose company owns more than 70,000 BTC, He continued his public defense of Bitcoin, calling it “the dominant digital currency network”.

Saylor: Millions of people choose Bitcoin to store

Saylor spoke a day after the US Treasury Secretary: Janet Yellen described Bitcoin as “inefficient”, Comments that accompanied a price drop of more than 20% from the all-time high of $ 58,300.

1 billion people will save their lifelong Bitcoin savings on their phone by 2026, says the CEO of MicroStrategy
1 billion people will save their lifelong Bitcoin savings on their phone by 2026, says the CEO of MicroStrategy

For him, however The comments were insignificant compared to the wider use of Bitcointhat is quickly entering the financial lives of more and more people.

“The story that is not told here is that Bitcoin is an advanced and egalitarian technology.”He said about CNBC’s squawk boxing segment.

“We’re going to see a day when 7 to 8 billion people have a digital gold bar on their phone and keep their life savings.”

Then cited Bitcoin’s 12-year life to become a trillion dollar asset, two to four times faster than the big tech freaks like Amazon, Google and Apple.

“So the world needs this, and I think you can assume that in five years we will have a billion people storing their value – essentially a savings account – on a mobile device and using something like bitcoin want.”, he added.

“Bitcoin is the dominant digital currency network.”

Analyst: Tesla “doubles” its investment in BTC

Saylor continues to cause a stir with MicroStategy’s ongoing Bitcoin purchases. The last of these was raising $ 900 million just to add to its inventory.

Although skeptics claim few will follow in the company’s footsteps, Another CNBC guest on Tuesday predicted that Tesla, which has also bought $ 1.5 billion in BTC, will “double” its exposure.

“I think this is not just a fad. I think Tesla will continue to double its investment in Bitcoin, and you will be looking at it from a transactional perspective, too.”, He said Dan Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities.

BTC / USD (Bitstamp) 1-hour candlestick chart. Source: trade view

The BTC / USD pair had a welcome break on Tuesdaywhen the $ 45,000 minimum rose again after the news The US legislature had signed a contract with the stablecoin issuer Tetherand ended a two year lawsuit.

At the time of writing, the pair was trading over $ 48,000 and $ 50,000 appears to be acting as current resistance.

“As expected, ‘they’ protected the 44,000 level. I think $ BTC will go up or sideways as there is no more FUD for Tether.”, he added Ki Young Ju, CEO of the CryptoQuant whale chain analysis service monitoring the extent of new losses.

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