MicroStrategy CEO Michael Saylor said Tuesday that Bitcoin (BTC) will be the savings method of choice for one billion people by 2026.
In an interview with CNBC, Saylor came out to defend not only cryptocurrency but also the Bitcoin network, which he called “the dominant digital currency network,” a day after the United States Secretary of the Treasury, Janet Yellen, described Bitcoin as “inefficient”, comments that accompanied a price drop of more than 20% from the all-time high of $ 58,300 reached this weekend.
Saylor clarified that Yellen’s comments were of little consequence compared to the broader use case of Bitcoin rapidly invading the financial lives of more and more people, stating that:
The MicroStrategy CEO also compared the 12 years it took for Bitcoin to become a trillion-dollar asset, with the time it took tech giants like Amazon, Google, and Apple to come up with that figure: “Bitcoin got it from two to three. four times faster than those companies, “Saylor said.
While Saylor continues to publicly defend Bitcoin, his company MicroStrategy continues to buy BTC and already accumulates 71,079.