Michael Saylor, the chairman of MicroStrategy and a prominent advocate for Bitcoin, recently made a bold statement at the BTC Prague event. He described Bitcoin as the “Godzilla” poised to revolutionize and potentially dismantle the existing fiat financial models. Saylor emphasized the growing adoption and outstanding performance of Bitcoin as key factors in this transformation. He passionately argued that Bitcoin has the potential to render all existing financial and political models obsolete, fundamentally reshaping systems that have been in place for millennia.
Saylor criticized modern statisticians who rely on outdated methods to make financial projections. He drew a metaphorical comparison between them and medieval warriors using outdated weapons in battle against a technologically advanced adversary. In his view, Bitcoin represents a sophisticated and disruptive force in the financial sector. According to Saylor, the current financial system is ill-equipped to resist the inevitable changes that Bitcoin will bring.
The MicroStrategy chairman consistently advocates for a disciplined approach to investing in Bitcoin. While highlighting the advantages of investing in the cryptocurrency, Saylor warns against trying to time the market or making large speculative bets. He believes that a true understanding of Bitcoin’s potential reveals its capacity to disrupt and destroy conventional financial models. Saylor sees Bitcoin as a groundbreaking force in the financial industry, comparing its impact to that of a powerful and unstoppable entity.