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Michael Saylor Tweets About Bitcoin’s Mission and Its Importance According to CoinEdition



© Reuters. Michael Saylor Tweets About Bitcoin’s Mission and Its Importance
  • Michael Saylor, founder of MicroStrategy, shared a recent clip from the FOX Business podcast.
  • Saylor tweeted that mission has never been more important.
  • The tweet comes as FTX collapses and people move their funds to self-management.

Michael Saylor, founder and executive chairman of MicroStrategy, mentioned in a recent tweet that Bitcoin’s mission is now of the utmost importance. He shared a clip from a podcast on FOX Business about the recent disaster and other topics in the crypto world.

A conversation between Natalie Brunell, a media personality, and FOX Business host Charles Payne walks users through Bitcoin’s mission and why it matters today.

Speaking of current events, Brunnell said:

“And my reaction to all of this is really to lock them up, I don’t mean SBF, I mean lock up your money.”

Brunell emphasized that Bitcoin’s value proposition and self-monitoring have never been more important. She also mentioned that people are turning to self-governance in large numbers. However, Brunell also expressed his displeasure about FTX, saying it was a scam and should never have happened.

Speaking on the general topic of credit, Brunell mentioned that Bitcoin is not credit. She added that BTC has no counterparty risk and can be safely held without the need for an issuer.

Payne, on the other hand, was impressed with how BTC stood up in the chaos. Brunell replied that nothing has changed the fundamentals of Bitcoin and that people are withdrawing their BTC from exchanges, hash rates are high and people are opening wallet addresses and holdings.

Brunell concludes that this sequence of events demonstrates the importance of why Bitcoin was invented and why we need an asset that doesn’t need a trusted third party.

Michael Saylor’s Tweet about Bitcoin’s mission and importance appeared first on Coin Edition.

View original on CoinEdition

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