“The next logical step for bitcoin will be a 10x increase and then another 10x. At the end of the day, I’m sure the cryptocurrency exchanges will come to their senses and realize that bitcoin really is the dominant asset in this area,” said Michael Saylor.
In doing so, Saylor rejects altcoins. Bitcoin is “the only institutional-level investment asset in the cryptospace,” he said. The entrepreneur noted that bitcoin’s dominance has grown from about 40% to 48% this year alone;
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“When Stablecoin and tokens disappear, that long-term dominance will reach 80%,” he added.
Saylor has repeatedly argued that some traditional fiat currencies are subject to inflationary pressures because of economic instability. Unlike conventional money, bitcoin is resistant to inflation because its supply is limited. Bitcoin could be a viable alternative for individuals and companies in the countries most affected by the economic crisis, he said;
Saylor recently said the Bitcoin network could be an effective way to prevent cybersecurity threats, namely fighting fake social media accounts.<br