MicroStrategy CEO Michael Saylor believes that Bitcoin ownership among US citizens is about to skyrocket to new heights over the next eight months.
In a Bitcoin vs. gold debate with mining magnate Frank Giustra, Saylor says that over 50% of voters in the United States will own the world’s leading cryptocurrency before the end of 2021.
“There’s two to three million people a week that are buying into Bitcoin around the world. Coinbase added a million a week in the first quarter just on their platform.
Bitcoin’s the most popular investment asset in the history of the world. It’s the most popular asset in the world. It’s spreading like wildfire. By the end of this year, more than half of the US voters are going to own it. I think it will be politically popular.”
The MicroStrategy CEO adds that the proliferation of the flagship crypto asset around the world will aid in cementing the supremacy of the US dollar as it will enhance the uptake and growth of digital money.
“The US dollar is going to be the big winner from the spread of Bitcoin. Five billion people are going to have a mobile wallet on their phone. They’re going to have a currency layer running on lightning rails or running on a compliant payment rail. It will have the US dollar and it might have the Euro. The big losers are going to be the bottom 50 countries. They’re going to lose their currency privileges. All the collapsing economies in Africa, South America and Asia, they won’t keep their currencies. People will switch over to the dollar…
Bitcoin is critical to US technology supremacy and the US dollar supremacy and one day five billion people will use the US dollar as a currency.”
Saylor also foresees the US government embracing Bitcoin as long as it’s held in regulated institutions.
“I don’t think the government’s going to fight it. I think the government’s going to embrace it… I think that as long as the assets sit in regulated banks and custodians, they won’t have a problem with insurance companies and investors investing in Bitcoin.”
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