, discrediting its use as a hedge after massive volatility pulled down its value by 15% on 5 August. And yet
, discrediting its use as a hedge after massive volatility pulled down its value by 15% on 5 August. And yet
, Chairman of MicroStrategy Michael Saylor continues to defend the world’s largest digital asset’s volatility. Terming it the ““The volatility is the price you pay in order to create billions of dollars of credit and liquidity at your fingertips all times, everywhere, for everybody.” That wasn’t all though as Saylor also took a swipe at traditional finance’s inefficiency against Bitcoin. He
“There’s a revolution in the global capital markets and traditional finance operates 19% of the time for 10% of the world. That makes it a 2% solution. #Bitcoin is a 100% solution. It’s not partisan; it’s just a good idea.” For perspective, traditional finance exchanges like the NYSE halted equities trading over the past few weeks after reported glitches. On the contrary, Bitcoin has been up and online for over 99% of its existence.
“MicroStrategy is outperforming everything since they adopted #Bitcoin…It’s crushed everything.” Interestingly, other firms have also adopted MicroStrategy’s Bitcoin strategy. In the United States, for instance, Block Inc.
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