MicroStrategy CEO Talks Crypto Market

• The CEO of MicroStrategy, Michael Saylor, recently spoke with @NorthmanTrader.
• Saylor evaluated the performance of several asset classes and indices in relation to the rise.
• Bitcoin outperformed all of the asset classes listed earlier in the discussion.

Michael Saylor, the CEO of MicroStrategy, recently spoke with @NorthmanTrader about a variety of issues. These subjects included recent economic changes over the last two years, an investment strategy during a macro storm, the primary drivers of Bitcoin’s volatility, and the present regulatory picture.

Saylor began the conversation by highlighting the recent increase in government engagement in our daily lives as a result of COVID-19, as well as the impact this intervention has had on the free market.

He went on to discuss how the US money supply has grown since the outbreak began. According to Saylor, the money supply expanded by around 40%. Saylor evaluated the performance of several asset classes and indices in relation to the rise in money supply with this in mind.

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Saylor noted that successful investment is one that outperforms the increase in money supply and that Bitcoin outperformed all of the asset classes and indices listed earlier in the discussion, growing more than 180 percent during that time frame.

Next, the interviewer discussed cryptocurrency regulation. Saylor said Bitcoin can’t be classified as equities, something regulators throughout the world are trying to construct a crypto regulatory framework.

Saylor says Bitcoin isn’t security because there’s no issuer. A commodity doesn’t have an issuer, but security does, according to the CEO.

Saylor noted that all Bitcoin metrics, such as mining rewards, supply, block size, etc., are predetermined, and the core BTC network has not changed since its introduction.

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