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Bitcoin bull and the CEO of MicroStrategy, Michael Saylor, in a new CNBC interview lists ‘digital property’ as the first component of the cryptocurrency universe. While likening BTC to precious real estate in the New York City borough of Manhattan, the MicroStrategy CEO says Bitcoin is the most dominant digital property.
“Let’s talk about the crypto universe… You’ve got digital property and Bitcoin is the highest, most dominant digital property network. Think of it as granite blocks in Manhattan, in cyber Manhattan…
So Bitcoin is meant to last forever. High integrity, very durable.”
“Then you have got digital applications like Ethereum. Ethereum wants to dematerialize the JP Morgan building and banking establishment and all of the exchanges.”
In other trending Bitcoin News today: Why This On-Chain Analyst Lowered His Bitcoin Price Prediction To $200,000 By Year-End! In a recent episode of the Unchained podcast, popular on-chain analyst Willy Woo discussed what Bitcoin’s recent crash and resumed uptick in price meant for the leading cryptocurrency.
According to Woo, Bitcoin’s crash to $30,000 did not indicate the start of a bear market. However, the sharp correction did affect his year-end price prediction for the digital asset, which was originally as high as $500,000.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/bulls-aim-to-reclaim-40k-ahead-of-friday-s-520m-btc-options-expiry