BlockBeats News: On November 19th, Michael Saylor recently gave a speech at the Cantor Crypto Conference in Miami, elaborating on his views on Bitcoin.
Michael Saylor stated that Bitcoin is an asset without counterparty risk from competitors, countries, companies, creditors, cultures, or currencies. This makes it an alpha. Bitcoin is the world's largest cryptocurrency network with 220 million holders. Bitcoin is becoming the dominant digital currency network. Bitcoin is now widely recognized, widely held, interesting, and eye-catching investment asset in the world. Gold was the best idea of the 19th century - now it's dead money.
In addition, Michael Saylor stated that the impact of Trump's victory includes ending the war on cryptocurrency, digital asset frameworks, accelerating institutional adoption, favorable tax laws, and strategic Bitcoin reserves. The upcoming milestones adopted by Bitcoin institutions include the abolition of SAB 121 to allow Bitcoin banking, physical creation and redemption of Bitcoin ETFs, Bitcoin ETF options, solicitation of sales approval by banks, and acceptance of Bitcoin as collateral. The industry needs a digital asset framework to grow and thrive.
Michael Saylor ultimately stated that strategic Bitcoin reserves will be the greatest transaction of the 21st century, worth $3 trillion if the United States holds its current Bitcoin, or $16 trillion if they implement the Bitcoin Strategic Reserve Act, which sees the United States purchase an additional 1 million Bitcoin over 5 years. If the United States does this, other countries must also follow suit. The more positive, the more certain.