Post
Topic
Board Bitcoin Discussion
Re: Michael Saylor Says Bitcoin is Hope For Canada
by
Pmalek
on 16/08/2021, 08:04:55 UTC
Michael Saylor, who has become a bull in the cryptocurrency with the purchase of bitcoin, posted a post from the official bitcoin page on Twitter on his page.
He, like so many, remind me of the shilling Elon Musk did when it favored him for the value of Bitcoin to increase. When he was satisfied, he suddenly changed his opinion. It's great that people are talking about this technology and are in favor of it, but it's also dangerous to influence ones opinion, especially if that opinion can one day change due to business interests.   

He also advises everyone to convert their cash into bitcoins.
A part of your wealth and monthly/yearly income should be in Bitcoin, sure. But if he is suggesting converting everything, that's terrible advice. The "don't keep all your eggs in one basket" saying is still true whether it's Bitcoin or something else.

Canada has been at the forefront since the mass exodus of bitcoin miners from China.
I was not aware of that, is this true? Any independent and official sources that can confirm that? I thought the USA, Kazakhstan, and Russia were more interesting destinations for Chinese miners.