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Tuesday

26 January 2021

Here's why Bitcoin is like 'Lebron James,' according to MicroStrategy CEO

Here's why Bitcoin is like 'Lebron James,' according to MicroStrategy CEO


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In an interview with economist Marc Friedrich, MicroStrategy CEO Michael Saylor said that Bitcoin is not the same as it was in 2015 or 2017.

In 2017, critics said Bitcoin was too volatile and that there was a risk it could drop to zero because it was an asset in a nascent phase.

Saylor emphasized that Lebron James played basketball from ages 8 to 18, but he matured to evolve into one of the all-time greats.

Based on a variety of factors, including the fact that there is significant institutional involvement in the Bitcoin market, investors like Saylor remain confident that BTC is evolving into an established store of value and that this is improving its perception with mainstream investors.

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cointelegraph.com
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