Crypto enthusiast claims BTC will never drop to zero

The CEO of MicroStrategy is confident that the price of bitcoin will never reach zero again due to the fact that international regulators are looking for a mechanism to control the crypto industry, and not ban it. According to Michael Saylor, the opponents of the main digital coin have already failed.

The crypto enthusiast pointed to the American draft law on the regulation of digital currencies, initiated by local senators. Saylor believes that if the authorities intend to regulate crypto assets and legally introduce them into various industries, this indicates the acceptance of this form of assets.

The main cryptocurrency is not going anywhere, in the future it will be widely used. According to Saylor, bitcoin has no choice but to rise in price to $1 million.

Speaking about the BTC blockchain, a crypto enthusiast found it unique. He is confident that the bitcoin network cannot be replicated with the same level of security and adoption, even if it attracts billions of dollars of investment.

“Bitcoin would be worth $500,000 per coin if it looked like gold. But it is clear that bitcoin is much better than gold,” Sailor said.

Previously, the CEO of MicroStrategy suggested that short-term BTC price volatility is not very important, as this cryptocurrency is the most suitable asset for long-term investments. According to Saylor, bitcoin is a “safe haven”.

Forbes conducted a survey among 65 “richest people in the world.” It turned out that almost 30% of them invested in cryptocurrencies. About 18% of respondents noted that they invested at least 1% of their assets in digital currencies. And more than 3% of respondents have invested more than 50% of their fortune in crypto assets.

For example, Mark Cuban, who previously acted as a critic of BTC, is currently an active crypto investor.

“It’s no different than investing in stocks, bonds and other assets. My technology stocks performed worse than my cryptocurrency,” he said.

And what do you think about it?