These days, the leading cryptocurrency Bitcoin (BTC) keeps receiving different tags, from “inflation hedge” to a cure to “economic” woes.
Bitcoin to Transform the Global Economy
MicroStrategy founder Michael Saylor shared the picture of an orange pill with the Bitcoin logo embedded on it. He captioned the X post “The cure to economic ill is the orange pill.”
The cure to economic ill is the orange pill. pic.twitter.com/MPGHLNCqK1
— Michael Saylor⚡️ (@saylor) June 27, 2024
Though it was somewhat cryptic, the post reflected Saylor’s consistent stance on the cryptocurrency. With the United States’ economic status, particularly as it gears towards inflation, the MicroStrategy Chairman has become more vocal about the capacity of Bitcoin to save the day.
Last week, Saylor was speaking on a podcast with Bitcoin enthusiast Robin Seyr, and there he shared his thoughts on how Bitcoin can transform the global economy. He believes strongly that Bitcoin has the power to transform the world, stating that the coin is a path to “economic immortality.”
Saylor’s recent doggedness towards BTC has caused many analysts to wonder. A couple of them believe that his recent vision for the coin may be beyond mere financial gains. These analysts have cited his aggressive accumulation strategy of the coin, saying that Saylor portrays Bitcoin as a foundational element for a new era of economic stability and growth.
His astute interest in Bitcoin is evident in the volume of the coin that MicroStrategy has accumulated in the last four years.
Robert Kiyosaki advises investors to Buy BTC Now
Many other individuals share Saylor’s sentiment about Bitcoin and like the MicroStrategy chairman, they are also quite vocal about their stance.
Author and businessman Robert Kiyosaki has consistently encouraged investors to buy the coin. For those who think BTC is expensive, Kiyosaki thinks that such excuses are lame and quite frustrating.
Instead, he highlighted an investment lesson from his book “Rich Dad Poor Dad” to explain to people that it is better to buy the coin now.
“Your profit is made when you buy…. Not when you sell,” he said.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of Crypto-Vanguard’s content as such. Crypto-Vanguard does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions