Michael Saylor: Bitcoin can strengthen a country's currency value, "Bitcoin is the Kingmaker".
The Founder and CEO of MicroStrategy Inc. Michael Saylor, who became a Bitcoin collector in august last year and recently made profit of over $3.54 billion as Bitcoin climbed over $60k price, doubling his company's initial investment of $3.16 billion to $6.7 billion, the company hold 114,042 Bitcoins. Michael Saylor in a recently interview says "Bitcoin can strength the value of a country's currency" and also said "Bitcoin is the Kingmaker".
In his own words:
if I told I can move all of San Francisco in a hundred and thirty milli second's anywhere in the universe, you will think that pretty cool. But if I told you, i have only get 7 transaction a second and visa runs faster, you will think that's scrappy.
it's just a question of what you are moving, so when you think about it like that, what you see is the settlement network, is the ground were you built 21st century economy, the application layer is " PayPal, Google, Apple pay, Amazon pay, life insurance policy and ETF. May be "is like the city of New York borrows $10 millon, then buy Bitcoin and eliminate taxes forever" to the benefit of everybody in New York that's a derivative.
Turkey could go and buy $5 billion of Bitcoin in their center bank treasury and that could be worth $50 billion in the next 5 years and it could "strengthen their currency" and 50 million people in turkey would have turkish lira in essence, which is a derivative of Bitcoin.
so you thinking about how does the world scale, right how do you scale this thing, most people that get it wrong, they think is going to scale on the base layer, they're just "tragically uninformed," we don't need to scale on the base layer.
if you want to fix your country like Nigeria or Zimbabwe, the way you fix your country is by buying 2 or 3 billion dollars worth of Bitcoin and you issue currency back to buy the Bitcoin, "that is the Bitcoin standard" and everyone of you citizens stop starving to death, and they live a decent live.
so I think that you're going to be seeing that everywhere right, and it a race. who's the Kingmaker? "Bitcoin is the Kingmaker".
If you look at it properly his not wrong, I just wish they government in some countries like mine, Nigeria, which was mentioned as an example will take this advice, and free their citizens for their current situation and huge debts, so the currency of the country can increase in value. I know not everyone will agree to this, but it's a very good advice in my opinion. Thanks guys for reading.😊🖐🏼
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