Monday, June 17, 2024
"Crypto Is The Worst Asset We've Ever Seen" | Michael Saylor

“Crypto Is The Worst Asset We have Ever Seen” | Michael Saylor

by Jeremy

In an interview with Blockware Intelligence, Michael Saylor didn’t mince phrases and took a harsh stance on crypto, to not be confused with Bitcoin. In Saylor’s view, crypto is the worst asset class we’ve ever seen, suggesting that it has all the danger of securities however with none oversight to ensure unhealthy actors are in place. Saylor has been steadfast on these factors effectively earlier than the collapse of Luna, Celsius, Voyager, and now FTX. Because the nascent trade makes an attempt to achieve the lots, the collapse of those crypto corporations in 2022 has undoubtedly introduced a darkish cloud over the trade, giving gasoline to conventional monetary minds and commenters who’ve been preaching that crypto is a Ponzi scheme. Crypto has been synonymous with Bitcoin and Saylor is right here to let everybody know that Bitcoin isn’t crypto and there’s a drastic distinction between the 2.

Michael J. Saylor is an American entrepreneur and enterprise govt. He’s the chief chairman and co-founder of MicroStrategy, an organization that gives enterprise intelligence, cellular software program, and cloud-based providers. Saylor served as MicroStrategy’s chief govt officer from 1989 to 2022. In 2020, Saylor adopted the Bitcoin technique when MicroStrategy used $250 million from its money stockpile to buy 21,454 Bitcoin.
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“Crypto Is The Worst Asset We’ve Ever Seen” | Michael Saylor

#bitcoin #crypto #michaelsaylor #ftx

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