In the segment, co -author of Fox News, Lara Trump – Fife from Eric Trump, son of US President Donald Trump – browned Michael Saylor in an increasingly key role of Bitcoins in a global financial landscape. Often hailed as the “Evangelist Bitcoins”, Saylor told his initial skepticism towards BTC, explained why he finally decided to focus on it as digital gold, and provided a vision of wider adoption to change economic systems, both in the United States and in the international arena.
Lara Trump meets Bitcoin Bull Saylor
While discussionSaylor traced his introduction to Bitcoin from 2013, when he considered him “strange”. Only in 2020 – what he described as a “existential crisis” in his company – he turned to Bitcoin as a means to preserve and potentially increasing the corporate value.
Explaining his perspective, Saylor noted: “I realized that I would either have a quick death or slow death, or I have to take a risk and transform a business. So we did that we looked around for digital gold, which we could buy in our company’s balance sheet, which would save the company and give us the future. “
Although Microstrategy is known primarily for corporate analytics software, Saylor moved to the Bitcoins strategy during increased uncertainty on global markets. He said that this movement was caused by the belief that the standard financial system based on FIAT offered insufficient protection against economic shocks.
A significant part of the interview focused on why Saylor considers Bitcoin a logical improvement in physical gold. He emphasized the constant supply of assets – laid on 21 million coins – is portable, and its verifiable property through decentralized networks: “How do you improve gold? You will make him digital so that I can send him from New York to Tokyo in a few minutes. […] There are only 21 million bitcoins – 21 million forever. You can take it with you. Nobody can take it from you. “
Saylor argued that Bitcoin works less like a speculative investment, and more like a savings vehicle – putting money into a bank, but without intermediaries who can freeze or stop funds. “What if you just want to save lives and put them in a bank in cyberspace, which promises that it will never freeze your funds, which is not run by people, is run by unchanging software?” He asked.
He described the creation of Bitcoin by the pseudonymous Satoshi Nakamoto as a “reaction to the great financial crisis” in the years 2008–2009, when trust in time-honored banking and currencies supported by the government. This historical context is the basis of Saylor’s view that Bitcoin, unlike earlier attempts of digital currencies, has successfully become “sovereign money” outside the control of one entity or government.
At some point, Lara Trump asked Saylor to explain how he distinguished Bitcoins among the sea of alternative cryptocurrencies. Saylor noticed: “When I started looking for digital gold, I saw that there were 10,000 different cryptocurrency networks. […] What is the winner? What is safe? […] Bitcoin seems to be the largest, most valuable. Has he been copied? Can it be copied? Well, it has been copied 10,000 times and everyone failed. “
According to Saylor, the domination of the Bitcoin market and see-through monetary policy make it a “safe choice.” He also emphasized a single moment when its creator, Nakamoto, effectively disappeared, abandoning all claims for control or property. Saylor: “This is my gift. This is sovereign money. “
The appearance of Saylor at the top of Crypto Summit in the White House was also the focal point of the intelligence. Saylor emphasized the importance of the peak in conducting US policy in the field of accepting modern technologies of digital resources: “If we want America to be great again, we must do it with creativity, imagination, innovation, inspiration. […] This administration […] He believes that we can develop and introduce innovations to a better world. We can create digital tokens that can spend 40 million companies from day to day and can raise $ 10 trillion to get involved in creating capital and innovation. “
Speaking about the strategic Bitcoin reserve order by President Trump, Saylor said: “If the United States government begins to keep him in a strategic reserve, America will be the beneficiary.” Saylor also called on the creation of brilliant legal paths for American companies to issue digital tokens, digital securities and digital currencies – arguing that such frames will transform the United States into “bankers to the world”.
Asked what he would tell President Trump to do the cryptocurrency sector, Saylor replied that the former president “has already done the first thing”[ing] Bitcoin as a warehouse for value as digital gold. “But Saylor also wants the federal support to expand further:” The second thing is to support the right to a legitimate path for issuers in the United States in order to issue digital tokens, digital securities and digital currency. “
When asked about the future five, 10 and even 100 years, Saylor expressed the certainty that the main technology companies – Apple, Google, Microsoft, Amazon – integrate Bitcoin care and transaction capabilities with their software and services. He predicted: “I think that banks intend to cover bitcoins […] Families will more and more often perceive this as their savings account. Yoga studio, restaurant, hotel chain – will be able to collect capital to improve their activities and innovation. “
During the BTC press it traded at USD 83,226.
A distinguished painting created from Dall.e, chart from tradingview.com
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