U.Today – Michael Saylor, co-founder and chairman of MicroStrategy, has delivered one of the most impactful speeches for Bitcoiners at an event in Nashville, Tennessee, United States. Addressing the crowd with the help of PowerPoint slides, Saylor analyzed Bitcoin's trajectory as an asset and its impact on the economy.
Michael Saylor and the Gospel of Bitcoin
In a post on his X account, Saylor described the presentation as the most comprehensive and perhaps the most important he has given on Bitcoin to date.
It is noteworthy that the Bitcoin evangelist preached the “gospel” of digital assets and their numerous advantages as capital preservation compared to financial assets. Saylor argued that the high inflation rate has caused many investors to give up on financial assets as a way to preserve funds. Moreover, the high cost of maintenance and the depreciation of value over time make this asset class an unwise investment.
Saylor points out that while alternatives like silver, gold and land may seem better, they also have limited time values that range from 22 to 90 years on average.
However, in the case of Bitcoin, the minimum lifespan of digital assets starts at 1,000 years. According to Saylor, this intrinsic value lies in the fact that Bitcoin, a creation of Satoshi, remains a digital currency that is not affected by material forces.
Bold Bitcoin Price Prediction
Saylor advised Bitcoin investors to always favor BTC as a hedge fund, with a profound warning: “If you want to be rich, trade prudently,” he stated.
MicroStrategy’s CEO has always been bullish on Bitcoin, and as U.Today recently reported, Saylor issued a bold $13 million base-case price prediction for the digital asset by 2045. Analysts say the prediction helps to understand MicroStrategy’s long-term accumulation strategy.
This article was originally published on U.Today
