MicroStrategy’s Michael Saylor: Push To Launch American CBDC To Trigger Massive Bitcoin Interest

MicroStrategy’s Michael Saylor recently said the fact that the massive push for CBDC launching would probably drive bulls for Bitcoin. Check out the latest reports below.

MicroStrategy co-founder and executive chairman Michael Saylor is detailing his thoughts on the potential launch of a Central Bank Digital Currency (CBDC) in the US.

In a new interview with Valuetainment, Saylor said the fact that the concerns about the potential pitfalls of a digital dollar – including mass surveillance of how people spend their money – will drive an intense level of interest in the world’s largest decentralized crypto asset, Bitcoin.

“Interest in CBDCs is just going to drive more feverish interest in Bitcoin. It’s actually driving awareness, and Bitcoin is growing as people become more aware that they need something that is a non-sovereign store of value [that’s] nation state-resistant…”

He continued and said:

“I’m sure the overwhelming majority of the population is adamantly against [CBDCs] and I would say a decent majority of politicians are against it. But there is a fringe wing that wants to impose control over everybody and they don’t trust anybody. Heck, at some point they would probably like to see how you spend $50. And that’s the control freaks in the political sphere.”

Technology moves closer to becoming a reality, he believes more people will recognize the government and private sector’s ability to control cash and make it difficult for people to freely spend their capital.

“Money is a store of value. A unit of account. A medium of exchange. And then there’s a fourth characteristic that we don’t talk about. It’s the thing that’s not said. It’s a system of control.”

He also said:

“Certain monies are easier to control than others. For example, we talk about gold as money, but have you ever tried to carry a gold bar through an airport? Very heavy. Try it next time. They won’t let you through.