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30 October 2020

MicroStrategy CEO says ‘Bitcoin scales just fine as store of value’

MicroStrategy CEO says ‘Bitcoin scales just fine as store of value’


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Bitcoin (BTC) as a store of value “scales just fine,” the CEO of the company that just purchased 38,250 BTC has said.

Off-chain transactions via solutions such as the Lightning Network allow Bitcoin transaction volume to increase without adding volume to the blockchain and raising fees to appeal to miners

“I make out if others follow MicroStrategy's lead and even just 1% of that capital finds its way into BTC, that's enough to blow Bitcoin cap to $2T,” he tweeted

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cointelegraph.com
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