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07.11 - 22:55
Saylor says nations should buy ‘kingmaker’ Bitcoin to help citizens ‘live a decent life’
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Bitcoin will replace fiat currency by 2050 in a state of “hyperbitcoinization,” the moment in which Bitcoin will overtake global finance is being anticipated, as per the report by Finder.com, a personal finance comparison site. In fact, recently a similar tone was resounded by MicroStrategy CEO, Michael Saylor when he said “Bitcoin is the kingmaker.”
An increasing number of investors, both institutional and retail, across the globe are looking at Bitcoin as a hedge against rising prices. However, Saylor had a different piece of advice for the countries battling an economic crisis. He opined,
“Turkey could go and buy $5 billion worth of Bitcoin in their central bank treasury and then that will be worth $50 billion over the next five years. It
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