Bitcoin News: According to Saylor of MicroStrategy 'BTC Offers Economic Immortality” and Will Reach $10M

Among today's Bitcoin News, we cannot miss the interview with Michael Saylor, co-founder of MicroStrategy, who spoke about how BTC offers “economic immortality.”

Michael Saylor, co-founder of MicroStrategy, was recently interviewed on a podcast where he spoke about Bitcoin and its economic benefits.

Saylor stated that Bitcoin offers “economic immortality” and that it will serve as a machine for corporate immortality. He also believes that companies that invest in Bitcoin are positioned to last longer than those that don't.

“The average life expectancy of a company is about 10 years. … We are talking about eliminating corporate mortality, we are talking about extending economic vitality easily by a factor of 10, maybe by a factor of 100, maybe by a factor of a million,” Saylor said.

Saylor also made some bold predictions about the future of Bitcoin, including that a single Bitcoin will be worth $10 million and that all of China will embrace the cryptocurrency.

He also took a swipe at economists and the state of the economy before Bitcoin.

“The economy is a pseudoscience before Satoshi. It is an almost religious liberal art and is full of people’s opinions, prejudices, and preconceptions. … All economists before Satoshi tried to elaborate the laws of the economy with shells and glass beads, pieces of paper, and credit instruments,” Saylor said.

As of today, MicroStrategy is the single private company in the world that holds the most Bitcoin. The company is a holder of a whopping 214,400 BTC, which is valued at $13.37 billion at the time of writing.

The company's latest purchase was 122 BTC in April, followed by another 33 BTC.

In other MicroStrategy news, the company launched a private offering of senior convertible bonds maturing in 2031 to raise $500 million.

The net proceeds will be used primarily to purchase additional Bitcoin (BTC) as part of its long-term accumulation strategy, it has been reported.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-news-saylor-microstrategy-btc-offers-economic-immortality-reach-m.html

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