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Michael Saylor makes bullish calls on BTC

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The number one cryptocurrency is now highly volatile and its correction is delayed. Besides, it is stuck in the sideways movement. However, Michael Saylor is sure that BTC is a solution to many problems that humanity is experiencing nowadays. "The truth of the matter is everything on Earth uses more power than a small country. Bill Maher uses 10 times our electricity, that costs 10 times as much as the electricity used in the Bitcoin network, to enrich himself. And he's not really thinking about it. If you take all the energy used in the Bitcoin network, it amounts to 25 basis points of all the wasted energy. So, one quarter of 1% of the wasted energy in the world offers the hope of a decent life to 8 billion people and solves an economic problem," Saylor said.

Despite all the twists and turns associated with China and the Biden reforms in the United States, as well as the statements of Elon Musk, Michael Saylor will keep BTC in his portfolio. Thus, thanks to such large investors as Saylor cryptocurrencies still maintain upward momentum even in the most difficult moments, consolidate and rise. MicroStrategy already owns more than 92,000 bitcoins. In general, Saylor's subsidiaries have about 111,000 satoshi. Saylor says that that he will not sell any of them, no matter what he will remain a hodler. Naturally, such comments pushed BTC higher.

This is the most accurate, perfectly thought-out, and destructive technology in the 21st century. Saylor also disagrees that bitcoin mining consumes too much energy. "Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered," he tweeted. He also believes that this problem is too exaggerated, especially when considering the fact that how much wasted energy comes from other aspects in our every life. He disagrees with Musk who decided to sustain bitcoin as a payment method because of environmental concerns. Tesla is widely viewed as one of the world's most sustainable companies. This is why Musk said that the company would not sell any bitcoin and would resume using the cryptocurrency for transactions "as soon as mining transitions to more sustainable energy."

Saylor added that cryptocurrency is mined only in those countries where it is allowed to do. "Once you understand Bitcoin, you have anxiety about being short," he told former hedge fund manager and Real Vision CEO, Raoul Pal. "When I'm in the market, I'm buying bitcoin four days in a row, every minute." Imagine a world where everyone used something fair & equitable to settle their economic differences," he tweeted.

The material has been provided by InstaForex Company - www.instaforex.com