While Bitcoin has risen in mainstream popularity, with institutional adoption rising at an unprecedented pace, skeptics of cryptocurrencies cite the potential of government intervention to outlaw its use as a currency as a reason not to invest.
Michael Saylor, CEO of MicroStrategy, said that even if Bitcoin’s use as a form of payment is regulated or even outlawed, the world’s largest cryptocurrency would still not face any threats to its primary use case, which is a store of value, and so no existential threat should be considered.
“I think that Bitcoin is going to be the emerging strong money store of value asset in the 21st century,” Saylor told Michelle Makori, editor-in-chief of Kitco News. “There are 8 billion people that need a strong money or a monetary asset. If they’re going to live a decent life, that asset needs to be digital.”
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