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"Michael Saylor Predicts Dramatic Decline of US Dollar, Advocates for Bitcoin as the Future of Money"
Published Jul 15, 2024
Updated Jul 15, 2024
Economy
1 min
Economy
Published Jul 15, 2024
Updated Jul 15, 2024
1 min
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"Michael Saylor Predicts Dramatic Decline of US Dollar, Advocates for Bitcoin as the Future of Money"
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Michael Saylor, CEO of MicroStrategy, reiterated his belief that the US dollar is on the brink of losing its value significantly, comparing its decline to that of the Argentine peso. In a podcast with Patrick B. David, Saylor argued that the dollar will lose 99% of its value over time, highlighting how inflation erodes wealth. He noted that prominent investors like Warren Buffett and Charlie Munger are aware of this issue. Saylor emphasized the superiority of Bitcoin, claiming it as a stable alternative to fiat currencies, and pointed out its benefits in terms of transferability and resistance to inflation. MicroStrategy continues to invest heavily in Bitcoin, holding around 226,331 Bitcoins.
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