“As of 2020, MicroStrategy believes that the only institutional-level asset is bitcoin,” Michael Saylor announced.
The businessman thinks it’s crystal clear: U.S. regulators don’t see a legitimate way for cryptocurrencies to develop
“Thus, the entire industry is doomed to be bitcoin-centric,” the crypto-enthusiast believes.
SEC filed lawsuits against two major crypto exchanges Binance and Coinbase. A total of 19 tokens were mentioned in the lawsuits. Bitcoin does not appear anywhere;
Saylor’s MicroStrategy started buying bitcoins in 2020, calling the cryptocurrency a million times better savings vehicle than gold. The company now owns about 140,000 bitcoins worth about $4 billion;
Saylor recently said the value of the world’s first cryptocurrency will continue to rise. He believes that the Bitcoin network can be an effective tool for preventing cybersecurity threats, namely the fight against fake accounts on social networks;