{"id":22740,"date":"2023-05-19T22:12:04","date_gmt":"2023-05-19T22:12:04","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2023\/05\/19\/michael-saylor-is-bullish-on-bitcoin-but-sceptic-on-all-other-crypto\/"},"modified":"2023-05-19T22:12:04","modified_gmt":"2023-05-19T22:12:04","slug":"michael-saylor-is-bullish-on-bitcoin-but-sceptic-on-all-other-crypto","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2023\/05\/19\/michael-saylor-is-bullish-on-bitcoin-but-sceptic-on-all-other-crypto\/","title":{"rendered":"Michael Saylor is bullish on Bitcoin but sceptic on all other crypto"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/andre-francois-mckenzie-vh7U_Z75L3U-unsplash1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/andre-francois-mckenzie-vh7U_Z75L3U-unsplash1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/andre-francois-mckenzie-vh7U_Z75L3U-unsplash1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/andre-francois-mckenzie-vh7U_Z75L3U-unsplash1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/05\/andre-francois-mckenzie-vh7U_Z75L3U-unsplash1.jpg\" alt=\"michael saylor bitcoin most secure asset\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Michael Saylor reiterates his bullish view on Bitcoin.<\/li>\n<li>MicroStrategy Inc presently has about 140,000 BTC.<\/li>\n<li>Bitcoin has misplaced practically 10% from its excessive in April.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> has misplaced practically 10% in latest weeks but the pullback is solely a possibility to construct a place so far as Michael Saylor \u2013 Chairman of MicroStrategy Inc is involved.<\/p>\n<h2>Saylor is sceptic on other cryptocurrencies<\/h2>\n<p>Interestingly, his bullish view is explicit to bitcoin solely whereas he stays \u201csceptic\u201d on other cryptocurrencies within the midst of regulatory uncertainty. Speaking with <a href=\"https:\/\/www.cnbc.com\/video\/2023\/05\/19\/microstrategy-michael-saylor-crypto-growing-pains.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a> at present, Saylor mentioned:<\/p>\n<blockquote>\n<p>I believe bitcoin has discovered the underside, the leverage is out of it, we&#8217;re on a bull run. BTC is the one commodity the SEC gained\u2019t regulate. I believe the way in which is clear for bitcoin to rally from right here.<\/p>\n<\/blockquote>\n<p>Earlier this month, the U.S. Federal Reserve signalled a \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-03\/fed-raises-rates-by-a-quarter-point-and-hints-at-possible-pause\" target=\"_blank\" rel=\"noopener\">pause<\/a>\u201d which might be a tailwind for BTC shifting ahead as easing financial coverage is identified to see buyers make riskier bets.<\/p>\n<p>MicroStrategy Inc presently has about 140,000 bitcoin purchased for a complete price of roughly $4.17 billion.<\/p>\n<h2>Why else is he protecting bullish on bitcoin?<\/h2>\n<p>Saylor is satisfied that the <a href=\"https:\/\/www.theguardian.com\/business\/2023\/may\/04\/us-banks-failing-pacwest-western-alliance\" target=\"_blank\" rel=\"noopener\">recent bank failures<\/a> and the regulatory uncertainty surrounding cryptocurrencies will work in favour of the bitcoin contemplating its popularity because the protected haven.<\/p>\n<blockquote>\n<p>Bitcoin is probably the most safe community, probably the most safe asset. You\u2019ll see a constant move of capital flowing from the remainder of the crypto ecosystem to bitcoin.<\/p>\n<\/blockquote>\n<p>Other causes cited for the bullish view on BTC embody the \u201c<a href=\"https:\/\/www.investopedia.com\/terms\/l\/lightning-network.asp\" target=\"_blank\" rel=\"noopener\">Lightning Network<\/a>\u201d \u2013 a protocol layered over bitcoin that he\u2019s satisfied has the potential to be a disruptive fee community.<\/p>\n<p>Also on Friday, Anthony Pompliano additionally <a href=\"https:\/\/cryptonews.net\/news\/bitcoin\/21011727\/\">said<\/a> that bitcoin was just like the world\u2019s largest insurance coverage firm.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/michael-saylor-bitcoin-most-secure-asset\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor reiterates his bullish view on Bitcoin. MicroStrategy Inc presently has about 140,000 BTC. Bitcoin has misplaced practically 10% from its excessive in April. Bitcoin has misplaced practically 10% in latest weeks but the pullback is solely a possibility to construct a place so far as Michael Saylor \u2013 Chairman of MicroStrategy Inc is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20,810,24,2222,1256,6924],"class_list":{"0":"post-22740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-bullish","10":"tag-crypto","11":"tag-michael","12":"tag-saylor","13":"tag-sceptic"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/22740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=22740"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/22740\/revisions"}],"predecessor-version":[{"id":22741,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/22740\/revisions\/22741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/22742"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=22740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=22740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=22740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}