It is difficult to find today within the crypto industry, and even outside of it, more supporters of bitcoin (BTC) than Michael Saylor. The former CEO of MicroStrategy never misses the opportunity to extol the merits of cryptocurrency, despite the market mark.
True to this reputation, the interested party took advantage of a speech given at the Atlas Society on October 18 to once again promote bitcoin to its audience. In particular, he asserted this time that bitcoin is a machine that frees its users from economic slavery.
Bitcoin is poised to “emerge as a freedom machine”
Michael Saylor began his argument on bitcoin by noting that people were increasingly losing confidence in their fiat currencies. He explained that this was due to the disastrous economic policies of the governments, which undermined the value of the savings held by the people.
Mr. Saylor then asserted that bitcoin precisely allows them to protect themselves against inflation, and to escape government involvement in economic transactions. He went on to say that bitcoin is one of the few cryptocurrencies that have such potential, which is still unknown to the public.
“There are 20,000 cryptocurrencies. There is one that is 95% sovereign, ethically sound, technically sound and economically sound. Bitcoin has been elevated to the rank of metal. It is the hardest substance in the universe. Most people don’t know that. Most people are afraid of it. »
Also read: Bitcoin is better than physical goods for ordinary martyrs according to Michael Saylor
Michael Saylor then invited as many people as possible to join the bitcoin network, ensuring that they would have enormous power thus allowing them to access freedom.
“Your only hope against the oppressive force of the assembly is to unite your own activities and organize your activities with like-minded people who believe like you, more money, more people, more power. Bitcoin is an economic machine based on a truth machine that is about to emerge as a freedom machine. »
Escape from economic slavery
To support his comments, Michael Saylor recalled the crucial role played by the cryptocurrency during the coronavirus pandemic. In particular, he recalled that bitcoin has proven to be a loophole in the face of the failure of the solutions proposed by governments.
“In March 2020, the world stopped. Suddenly, billions of people have given up on the prospect of the economy collapsing, losing faith in the institutions and governments in place. We saw an escape from economic slavery in the form of what we thought was digital gold. »
Also read: MicroStrategy now has 130,000 bitcoins!
In this regard, his company was one of the first to go to cryptocurrency in this period of crisis, by converting part of its cash to BTC. This bet was a winner since the value of bitcoin only climbed after that, until it reached an all-time high of more than $69,000.
Despite the fall in the price of cryptocurrency, Michael Saylor’s company continued to invest in bitcoin. She bought an additional 301 bitcoins in September for $6 million at an average price of $19,851, bringing her stash to 130,000 BTC.