MicroStrategy’s Michael Saylor Says Bitcoin Is An Exodus Of Capital From Analog Assets To Digital Ones

MicroStrategy’s Michael Saylor continues to boost Bitcoin. Check out one of his recent tweets that is praising the king coin.

#Bitcoin represents the great exodus of capital from analog assets in physical space to digital assets in cyberspace to escape circumstances that are both toxic and parasitic to the human condition. pic.twitter.com/yFc3s3YMTK

— Michael Saylor⚡️ (@saylor) March 30, 2022

Someone said: “How do you think about the issue of the working class being late to the game here? If Bitcoin is the future, but they don’t adopt it for years to come, how does that not just further exacerbate the wealth gap knowing that wealthy people have the disposable income to get in now.”

Another follower who supports BTC noted the following: “Take away: i persuaded my mom to convert her savings into BTC for close to One year.. and guess what .. today she withdrew half of her savings .. and i am now buying BTC for her .. got her a trezor.”

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $46,212.

Despite the massive market volatility, there are all kinds of optimistic predictions about the price of Bitcoin these days. Check out the latest one below.

Hedge fund veteran Anthony Scaramucci says that Bitcoin (BTC) will hit $100k within the next two years.

In a new interview on CNBC, the CEO of global investment firm Skybridge Capital explained the fact that the skyrocketing growth in the number of Bitcoin wallets indicates that the flagship cryptocurrency is on track to $500,000.

“According to Glassnode, there’s probably 245 million wallets out there or accounts related to Bitcoin. When I made or when Skybridge made its first Bitcoin investment, we were talking about 85 million wallets and that was October-November of 2020, so just think of the spectacular growth of the Bitcoin network.”