MicroStrategy founder Michael Saylor said that bitcoin ownership has become a top priority and vital necessity for the entire world population.
In a recent interview, Michael Saylor called bitcoin a solution to growing financial problems and a tool to give hope to eight billion people to save their savings.
MicroStrategy founder said bitcoin is a commodity of necessity, and compared it to water and electricity utilities.
According to him, the flagship cryptocurrency is as important to humanity as natural resources necessary for the existence of modern human civilization.
As Saylor put it, traditional money in its current form is already “dying.”
He cited the recent bankruptcies of U.S. banks and also mentioned the devaluation of state currencies in Venezuela, Argentina and Nigeria.
Saylor noted that even popular fiat currencies are in crisis. In turn, rising inflation causes mistrust in fiat currencies, traditional banks and governments.
As people lose confidence in conventional money, they turn their attention to commodities.
However, according to Saylor, gold, oil and real estate are not flexible enough to make frequent payments, whereas bitcoin can be used for any transaction, even with a cell phone, and it’s a paradigm shift.
Michael Saylor is considered a strong supporter of bitcoin.
In early April, he reported that MicroStrategy had added 1,045 bitcoins worth $29.3 million at an average price of $28,016 per coin.
Saylor recently endorsed bitcoin miners, refuting Senator Elizabeth Warren’s claim that miners pollute the environment.