In a new interview with CNBC, Saylor responds to concerns that governments and agencies such as the Federal Reserve and the US Treasury Department closely view BTC as the main crypto asset add millions of people in its network every week.
“I think that’s okay because when you have an inflationary environment, the money breaks down. Money, which is the medium of exchange, then the store of value, which is the asset, Bitcoin is an asset. It is regulated as an asset, taxed as an asset, [and] regulated as an asset. Governments have not said anything anywhere in the world. In China, in Iran, in the United States, people take that as an asset.
I think the banks, in their opinion, don’t want you to challenge a currency like the US dollar and they want you to pay taxes when you transfer your assets. So for the Treasury Department to say, “If you transfer more than $ 10,000 worth of Bitcoin and oh, by the way, you have to pay taxes when you transfer or sell it.” This is a totally no event because it has always been the status quo with all the assets of the country.
This only legitimizes Bitcoin as an asset at the top, the better. And I think it’s good for the industry. “
The big bull Bitcoin also talks about the intense volatility of the main crypto asset after BTC fell from around $ 43,000 to $ 30,000 earlier this week.
“I think the big picture, if you look at the last 12 months is March 12, 2020, we had $ 2 billion trading on Binance and the price was around $ 5,000. On August 10, when my company entered the entire Bitcoin market, we had $ 1 billion trading on Binance and the price was around $ 11,000. On May 18, perhaps the biggest day ever for Bitcoin, we traded $ 13 billion with a price tag of around $ 37,000.
I think what these stats are telling you is that Bitcoin is coming to life. It is an active refuge of institutional quality. While there is volatility, volatility is the price you pay for outperforming the S&P Index 10 times over a decade and outperforming the S&P and Nasdaq by a factor of eight in the past 12 months. . ”
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Disclaimer: The opinions expressed in Daily Hodl are not investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any losses you may suffer are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.
Image en vedette: Shutterstock / raigvi / ommaso79