Michael Saylor advises protecting savings with bitcoin
MicroStrategy Executive Chairman Michael Saylor believes bitcoin is the best way to preserve wealth and protect it from inflation and political risks.
Saylor defined inflation as a vector of deterioration of life in many aspects.
According to Saylor, consumer inflation is the amount of money a person needs to stay poor and live a lower-class lifestyle, while asset inflation is the rate of wealth creation to preserve assets.
According to Saylor, consumer inflation is the amount of money a person needs to stay poor and live a lower-class lifestyle, while asset inflation is the rate of wealth creation to preserve assets.
Michael Saylor advises protecting savings with bitcoin
The MicroStrategy founder also compared the rate of depreciation of fiat currencies to the rate of inflation. He proved that people can lose their savings if they keep them in traditional currencies, as US dollar funds would have lost about 99% of their value over the last 100 years.
Saylor believes that bitcoin eliminates these risks due to its inbuilt characteristics. According to him, bitcoin is a revolutionary technology with numerous advantages, including an issue limit of 21 million coins. Hence, BTC is the best way to keep your reserves safe.
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