Bitcoin exploded in 2020, and according to more predictions, 2021 will be an even better year for the king coin, which is currently seeing a parabolic rise in price.
Bitcoin saw a correction recently, and it fell right below $30k.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $30,065.62.
MicroStrategy chief executive says $250 trillion worth of assets are looking for the best store of value
Microstrategy chief executive Michael Saylor says $250 trillion worth of assets are looking for an ideal store of value and Bitcoin is a prime candidate.
The online publication the Daily Hodl notes that during a Hedgeye interview with Keith McCullough, the head of the world’s biggest publicly traded business intelligence firm explained the reasons for which investors should simply buy and hold the leading crypto asset.
“When we’re talking about a software network that’s going to change the lives of a billion people and dematerialize a trillion dollars of energy, the only question is, ‘Is that one the winner?’ And Bitcoin is the winner of the crypto wars. It defeated six thousand five hundred different crypto competitors, and it has risen out of those wars to be the dominant crypto asset network just like Amazon defeated every retailer in cyberspace, just like Apple defeated everybody in mobile space, just like Facebook defeated everybody in social space,” he said.
He continued and said: “You have a chance to buy and own the winner and just wait for the rest of the world to recognize it. You tell me: is there any winning trade of Facebook or Apple or Google or Amazon stock in the year 2012 that’s better than the trade of buying it?”
We suggest that you check out the complete video in order to learn what more he had to say.