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As worries increase regarding inflation, among the continuous debates amongst financiers is which monetary possession would certainly function as the very best long-lasting, shop of value. Michael Saylor, CEO of MicroStrategy, says that the dominant store of worth in the 21st century should be digital, and ideally, this monetary asset takes the type of the Bitcoin criterion.
" You wish to fix your country like Nigeria or Zimbabwe. The means you fix your country is you purchase 2 billion, $3 billion worth of Bitcoin. And also you provide money back to acquire the Bitcoin. That is the Bitcoin requirement. And every one of your people stopped depriving to fatality as well as they live a decent life," Saylor told Michelle Makori, editor-in-chief of Kitco Information.
Still, skeptics remain. Expense Maher, host of the political talk program Live with Bill Maher, has lately slammed Bitcoin by stating "There is something inherently not qualified concerning creating numerous billions in virtual wide range with nothing ever before really being achieved and no actual item made or solution rendered. It's like Tinker Bell's light. Its source of power is based only on adequate youngsters counting on it."
0:00 – Costs Maher vs. Bitcoin
4:45 – Bitcoin and also power consumption
16:05 – Government law of Bitcoin
18:45 – Bitcoin rate estimate
29:10 – "Bitcoin will certainly make the world a better place"
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Michael Saylor: Why Bitcoin standard is what 8 billion people need for decent life (Pt. 2/2)
As concerns rise about inflation, one of the ongoing debates amongst investors is which financial asset would serve as the best long-term, store of value. Michael Saylor, CEO of MicroStrategy, argues that the dominant store of value in the 21st century must be digital, and ideally, this monetary asset takes the form of the Bitcoin standard.
“You want to fix your country like Nigeria or Zimbabwe. The way you fix your country is you buy 2 billion, $3 billion worth of Bitcoin. And you issue currency back to buy the Bitcoin. That is the Bitcoin standard. And every one of your citizens stopped starving to death and they live a decent life,” Saylor told Michelle Makori, editor-in-chief of Kitco News.
Still, skeptics remain. Bill Maher, host of the political talk show Real Time with Bill Maher, has recently criticized Bitcoin by saying “There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered. It’s like Tinker Bell’s light. Its power source is based solely on enough children believing in it.”
0:00 - Bill Maher vs. Bitcoin
4:45 - Bitcoin and energy consumption
16:05 - Government regulation of Bitcoin
18:45 - Bitcoin price projection
29:10 - "Bitcoin will make the world a better place"
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
