Speaking with Bloomberg Technology, the MicroStrategy Chairman and CEO shared his thoughts on why he believes BTC is a viable solution to inflation, the potential of wider Bitcoin adoption, and what Twitter under Elon Musk may imply for the cryptocurrency community. It was noted Bitcoin has been trading in a narrow range for quite some time and the fact that it is not really moving on from the $40,000 price bracket. According to Saylor, it is all a question of perspective in terms of the timeframe. Saylor pointed out that there are three types of investors in Bitcoin, traders, technocrats, and maximalists. He added:
Bitcoin’s correlation with risk assets
Furthermore, Saylor and Emily Chang also discussed when Bitcoin could break the correlation with risk assets. The CEO opined that being a maximalist or a tech investor would be more advantageous in the long run. However, he believes that traders will continue to have a dominant position in the market as long as there is a highly turbulent market, uncertainty about Fed policy, and panic in the short term. With that being said, he revealed that Bitcoin will break the correlation sometime in the next four years but couldn’t be specific on the date. Saylor revealed: Given that there is a considerable crypto community on Twitter, Saylor doesn’t think that there will be much impact on the crypto community if Musk takes over or that it will become decentralized regardless of the outcome of all of these discussions right now. Featured image vis Lex Fridman YouTube
