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Seeking Alpha 2021-11-02 17:07:23

MicroStrategy's Michael Saylor says people can trust Bitcoin

MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor says bitcoin's (BTC-USD) digital property characteristics make the digital token primed to reach a $100T market cap, while digital energy can be worth as much as $500T, he told Tim Draper at the LA Blockchain Summit. Shares of MSTR gain 12.6% intra-day, reaching April levels as bitcoin (BTC-USD) bounces 4% to $64.1K. Saylor sees bitcoin (BTC-USD) as the strongest digital asset, but most cryptos will fail; he likens BTC to a primary reserve asset. He compares the largest digital token by market cap with pure digital energy, digital property or digital money since bitcoin (BTC-USD) is a technology and a protocol. Additionally, as the bitcoin (BTC-USD) banking system evolves, people can earn yield on the digital token automatically, eventually living off of the pure energy for the rest of their lives and future generations, Saylor says. Earlier on Tuesday morning, Saylor touts bitcoin (BTC-USD) again, saying "the next big

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