Bitcoin Is Going To Demonetize Gold Gradually Says Microstrategy S Saylor
In particular, during an interview with Stansberry Research on August 13, outgoing MicroStrategy (NASDAQ: MSTR) CEO Michael Saylor stated that gold would likely experience demonization triggered by Bitcoin’s growth. However, Saylor acknowledged that Bitcoin’s path to replace gold would be characterized by highs and lows. Interestingly, Saylor noted that Bitcoin has a higher chance of being adopted as currency by more jurisdictions, unlike gold. Managing Bitcoin’s volatility On concerns regarding Bitcoin’s volatility, Saylor said that long-term investors should not be bothered noting that swings in price are part of the asset’s maturity path....