Accéder au contenu principal

MicroStrategy Co-Founder Outlines Insightful Factors Driving Bitcoin Adoption

Michael Saylor, the Executive Chairman and Co-founder of business intelligence company MicroStrategy Inc., has shared his optimism on Bitcoin (BTC), providing key factors that will drive the crypto asset’s adoption.

Michael Saylor On Bitcoin Adoption In 2024

Former MicroStrategy CEO Michael Saylor recently revealed the catalyst that will propel Bitcoin higher in an interview with CNBC on Monday, December 18, after Saylor asserted that there is a lot of uncertainty going on around the rest of the crypto ecosystem lately.

He further added that BTC is the one digital asset that is certain in the ecosystem, due to its universal nature. Therefore, the cryptocurrency space should count on the asset going forward in 2024. 

Saylor also pointed out that the strategy built around Bitcoin is very safe for institutions. When asked about the new regulatory rules new rules announced by the Financial Accounting Standards Board (FASB) on BTC fair value, he asserted that he welcomes this.

He believes it will promote more transparency and clarity to companies holding Bitcoin. According to him, it also creates opportunities for publicly traded corporations to invest in BTC as a valid asset for Treasury reserves. 

BTC trading at $43,070 on the 1D chart | Source: BTCUSDT on Tradingview.com

The co-founder also shared key insights on the crypto asset’s price rally in the interview, which is currently up by 56% since October. Saylor pointed out that the digital transformation of capital is embodied by Bitcoin. He further added that 99.9% of the world’s capital is invested in bonds, stocks, real estate, and precious metals, while 1% has been tied up with BTC. However, he stated that people are going to adopt more of their capital in the token as they get educated on digital assets.

So far, Saylor believes that this is what driving the crypto asset’s rally lately. He has also highlighted that if the price of BTC is not going to zero, then it will get to a million. In addition, he believes that if the token is a legitimate institutional asset, then everyone is underallocated to it.

BTC Spot ETF Contributing To The Recent Price Rally

Saylor asserted that part of the recent surge in the price of Bitcoin can be traced back to the anticipation around a Spot Bitcoin ETF. According to him, loosening monetary policy is good news, and inflation will drive the token’s adoption anywhere.

He also highlighted the upcoming halving as another factor that would propel BTC. He noted that with the event cutting in half the rate at which new coins are brought into circulation, we are set for several milestones over the next six months.

He stated:

This ETF news is good news. Loosening monetary policy is good news. Inflation anywhere in the world drives Bitcoin adoption. And of course, the halving is going to cut the available supply of Bitcoins for sale in half from the miners. And so we’ve got a confluence of very bullish milestones over the next six months, and I think smart money is investing into that ahead of it.

Featured image from iStock, chart from Tradingview.com


Source link

The post MicroStrategy Co-Founder Outlines Insightful Factors Driving Bitcoin Adoption appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

$3 Million Stolen In ‘Kraken’ Crypto Con

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite