Michael Saylor, CEO of MicroStrategy company, which has managed to attract the attention of the whole world with bitcoin purchases, made evaluations about Dogecoin, the most talked about crypto currency of the last period. Stating that many layers of traditional finance are no longer trusted, Saylor said, “People buy shares of speculative companies that no longer produce anything. They are turning to some cryptocurrencies with the dream of getting rich in a short time. They think, “Better than keeping cash.” said.
“Smart investors buy Bitcoin”
Michael Saylor, CEO of MicroStrategy, which has more than 91,000 Bitcoins, said the explosion of interest in Dogecoin is good for the industry on the big picture. Answering questions on a podcast program he attended, Saylor stated that people no longer have confidence in traditional money, bond and treasury strategies and used the following statements:
“They have no more confidence and hope anymore. That’s why the GameStop explosion occurred. There is also a huge SPAC (* merger-only company) boom. Shares of useless companies are acquired. Why is that? Because people think that even this is better than holding cash. There is also a huge load on cryptocurrencies. Smart investors buy Bitcoin. Because they know that BTC will remain solid money for the next 100 years ”
“DOGE is another way to bet but it is useful”
Referring to the much discussed Dogecoin times, Saylor also said that Dogecoin is a fun and another way to bet, but it contributes to the cryptocurrency industry by creating great awareness.
“I think DOGE brings fun to the universe. If I don’t have the ability to bet on a sporting event then I can head this way. This is another way of betting… All this seems normal to me in a period of such a monetary system. People are coming here rather than seeing their money depreciating. Dogecoin also creates great awareness and enthusiasm. People become members of stock exchanges, open accounts. This is important…
However, I don’t think you would want to leave Dogecoin to your grandchildren. But if this was a legal betting game, I wouldn’t mind you just because you made money from this game like in a boxing or basketball game. Even going to a concert is $200. If I can’t leave the house, if I’m bored on Saturday night, I can use this money like this. “