Michael Saylor: Bitcoin is clearly positioned as digital gold, and its price will continue to rise in the future.
ChainCatcher reported that MicroStrategy co-founder Michael Saylor revealed in a recent interview that bitcoin has been clearly positioned as digital gold and serves as a store of value. He mentioned that since the US government approved bitcoin ETFs last year, the market consensus around bitcoin as digital gold has gradually formed, and this view was further solidified at the crypto summit in March this year.
He also pointed out that credit backed by gold once dominated the Western monetary system, and now, as digital capital, bitcoin’s digital credit instruments are developing rapidly. In addition, he mentioned the rapid growth in the digital finance sector over the past year, including the tokenization of currencies, stocks, bonds, and other real-world assets, which has provided significant momentum for proof-of-stake networks such as Ethereum.
He emphasized that institutional acceptance of bitcoin is a key factor for the future development of the industry. Recently, several major banks, including JPMorgan, Citibank, and Wells Fargo, have adjusted their crypto policies and begun to accept bitcoin and Ethereum as collateral, marking a significant shift in traditional financial institutions’ attitudes toward crypto assets.
Saylor also mentioned that MicroStrategy is the first bitcoin treasury company to receive an S&P credit rating, and its products have attracted institutional investors, including the BlackRock PFF fund. In addition, he predicted that the price of bitcoin will continue to rise in the future and stated that the company’s goal is to promote broader adoption of bitcoin through digital credit instruments, ultimately achieving the goal of purchasing $30 billions worth of bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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