MicroStrategy’s Michael Saylor talks about Bitcoin dominance. Check out what he recently had to say about the king coin.
He addressed whether other digital assets have a chance at usurping BTC as the most dominant crypto.
During a CNN interview, Saylor said that there has never been an entity in history that has grown as large as Bitcoin and failed.
Bitcoin is more dominant today
He also made sure to highlight the fact that Bitcoin is more dominant in its space today.
He explained, “There’s no historic precedent for a network that got to hundreds of billions of dollars that was fifty times bigger than its next best competition ever failing. You could’ve predicted Google, Facebook, Amazon, Apple as being successful by 2010 because they had already dominated their markets, but they have a decade of growth ahead of them. Bitcoin is more dominant today than any of those companies were when they started their run.”
Saylor also believes that Bitcoin’s core technology and architecture make it superior over any other crypto or financial product.
“If what you want to do is save money and give it to your children and your grandchildren, then you need something that’s sound and sound starts with thermodynamically sound. The proof-of-work architecture is by far the best architecture to design something that will be decentralized and secure and maintain its integrity over long periods of time…” he said as cited by the Daily Hodl.
Check out the original article in order to learn more about what he had to say.
Bitcoin bullish price prediction
It’s been revealed that the chief executive of crypto consulting firm Parallax Digital is predicting the massive expansion of the US dollar supply in the next ten years, which he says will ignite Bitcoin’s meteoric rise to $12.5 million.
Stay tuned for more news and make sure to keep your eyes peeled on the crypto market.