Michael Saylor doubts bitcoin can supplant the US dollar

by in Cryptocurrency News

Michael Saylor

Michael Saylor, CEO of MicroStrategy, has recently been frequently commenting on the situation on the crypto market and around Bitcoin, in particular. His company is the largest public holder of BTC.

Saylor said in the middle of this week that Bitcoin poses no threat to the US dollar.

The CEO of the software company stressed: "I would call it bitcoin digital property, it's kind of a threat to other types of property. Gold is the property, and real estate is the property. I don't think real estate, gold, or companies threaten the United States government."

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Thus, Michael Saylor adheres to the point of view that the dollar is not threatened by cryptocurrency. BTC is unlikely to ever become an American currency.

Bitcoin does not set the task of crowding out the dollar. It will develop in a different direction. The paths for expansion have already been formed, summed up by the head of MicroStrategy.

In addition to Bitcoin, Saylor also recognizes Ether (ETH). In his opinion, Ethereum is a whole ecosystem that can digitize absolutely everything, including banks and exchanges.