BTC’s Volatility Has Not Changed Michael Saylor’s Outlook on It
2022.06.24 13:37
BTC’s Volatility Has Not Changed Michael Saylor’s Outlook on It
- Michael Saylor recently tweeted a snippet of an interview on FOX Business.
- BTC’s price could climb to new all-time highs in the medium to long term due to the money printing policies of the US.
- In related news, BTC’s price is up almost 2% in the last 24 hours.
The CEO of MicroStrategy, Michael Saylor, recently tweeted a snippet of an interview on FOX Business that spoke about Bitcoin (BTC) and its drop in price during this bear market.
The interview was with crypto podcaster Natalie Brunell, who highlighted the recent volatility that Bitcoin’s price has witnessed over the last few days.
Brunell urged BTC investors to hold onto their BTC as she believes that the largest crypto by market cap will reach $100k per coin. She also mentioned how nobody can predict the short-term crypto price movements and that BTC’s price has climbed over the long term historically.
To justify why she believes that BTC’s price could climb to a record high, Brunell referred back to a recent event that saw Russia’s president, Vladimir Putin, call out America for its current money printing policies.
The Russian president questioned why people need to use dollars and euros to pay for goods when both are just losing their value due to inflation and the increased printing of money. Putin stated that he believes that there will be a shift away from treasuries and sovereign debt. Due to this, the podcaster believes that BTC will have a bigger market cap than bonds eventually.
She is not the only person who believes so as Michael Saylor shared the interview with the caption ”#Bitcoin is coming for bonds, and that’s a way bigger market cap than gold.”
Currently, the price of BTC stands at $20,971.70 after climbing 1.91% in the last 24 hours, according to CoinMarketCap.
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