MicroStrategy CEO: Bitcoin has already begun to devalue other forms of ownership, and the price of the first cryptocurrency may fall to $23,000

MicroStrategy CEO: Bitcoin begins to devalue other forms of ownership

MicroStrategy CEO Michael Sailor stated that BTC is digital property, not currency. The top manager of the company is sure that bitcoin is not capable of harming the financial system.

At the same time, Sailor has doubts about the fact that BTC can ever become the currency in the United States. He joked that if the American authorities were threatened by any form of ownership, for example, gold, real estate or companies, then the main cryptocurrency would be included in this list.

“Bitcoin is starting to devalue other forms of ownership. People are now thinking about whether to buy bitcoins, instead of choosing between real estate investments, stocks, starting a business or gold,” the CEO of MicroStrategy said.

In addition, he stressed that the company is ready for BTC volatility. And if the price of a crypto asset falls in the short term, MicroStrategy will not get rid of bitcoins.

The head of DoubleLine predicts the fall of the main cryptocurrency to the level of $23,000

According to the head of the investment company DoubleLine Jeffrey Gundlach, the market should prepare for the fall of bitcoin to $23,000. In his opinion this may be evidenced by the technical head and shoulders signal, which can currently be seen on the BTC chart.

Talking about the “head-and-shoulders” model, Gundlach seems to have in mind the situation on the market when the current trend is reversed and the cryptocurrency rate is likely to move in the opposite direction.

“I’m not a big believer in head-and-shoulders tops but this one looks pretty convincing,” said Gundlach. “Turning neutral at $23,000 was obviously too early, but I’ve got a feeling you’re going to be able to buy it below $23,000 again.”

Former US Treasury Secretary believes investing in bitcoins is a personal choice

The decision to invest or keep their savings in BTC is a personal choice of everyone, provided that they have competent control over the cryptocurrency. This opinion was expressed by the former US Treasury Secretary Steven Mnuchin. Earlier, he called for the development of “very, very strict rules” for regulating the digital asset market.

The ex-official noted that he himself did not invest in bitcoins. However, he does not care if someone does otherwise.

“If people want to buy bitcoin as a substitute, no different than buying gold or some other asset, it’s fine. I don’t personally want to have it in my portfolio but if people want to that’s perfectly fine,” Mnuchin said.