Post
Topic
Board Economics
MicroStrategy CEO Michael Saylor on his expectations for bitcoin's trajectory
by
rinatm
on 24/02/2021, 03:41:27 UTC
"There's a $500 trillion monetary planet and the outer layer is currency, then you got stocks, bonds, real estate,"  MicroStrategy CEO Michael Saylor told CNBC's "Squawk Box" Tuesday. "There's $10 trillion dollars worth of gold in there, $1 trillion in bitcoin. The bitcoin is going to flip gold and it's going to subsume the entire gold market cap. Then it's going to subsume negative-yielding sovereign debt and other monetary indexes until it grows to $100 trillion dollars."
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