The Latest Bitcoin/Cryptocurrency Hype on the News: Michael Saylor on CNBC

Just a few days back, the 2nd of November, Michael Saylor was interviewed on CNBC about Bitcoin and Cryptocurrency.

Michael Saylor is the Executive Chairman, co-founder, and president of MicroStrategy. Microstrategy is a company that develops software in other to analyze data and make statistics-backed business decisions.

With assets worth $3.557 Billion, and a net income of $535.480 Million, MicroStrategy is surely a big name in the game.

And the guy who's its co-founder and president has gone on CNBC, a big TV network whose niche is Business News, and said some of the most logical and favorable things about Bitcoin. And what's more, he also rode on the wave of the whole Bitcoin Spot ETF hype and the upcoming Bitcoin Halving in late April 2024.

He was invited to talk about his company's Bitcoin Holdings and Cryptocurrency portfolio. And when asked if the company wants more Bitcoin even though it has 158,000 Bitcoins, he said:

"You can never have too much Bitcoin. We are big Bitcoin Bulls. Our thesis is that Bitcoin is digital property but without the risks and liabilities of Commercial Real Estate. It is a Digital Commodity without the risks and liabilities of Gold. It is a Digital Tech Investment, without the risks and liabilities of Big Tech. So we're bullish."

No one could have shilled Bitcoin better, I tell you.

When asked about what happens when the Halving occurs and how it affects prices, he said:

"Most of the natural sellers of Bitcoin in the market right now are Bitcoin miners, and they have to sell to pay their Electricity Bill, and their Capital cost and retire their debt. That's about a Billion dollars a month worth of selling into the market. The protocol forces that to be cut in half..."

"So you're going to see 12 Billion dollars of natural selling per year converted to 6 Billion dollars of natural selling a year. At the same time as things like Spot Bitcoin ETFs increase the demand for Bitcoin. So that's why all of us are fairly bullish over the next 12 Months. Demand is gonna increase, supply is gonna contract, and this is fairly unprecedented in the history of Wall Street."

Guys, isn't this about the most exciting way he could have put it?

The major thing about what he said is how logical and simple it is. He explained it like it's something that has an overwhelming chance of pumping soon. And from a guy like this, it carries so much water the ocean is concerned.

Even though the Bitcoin Spot ETFs haven't been approved yet, and even though approval is not certain, it seems this guy is pretty certain about the approvals rolling in soon, at least before the Halving in April. We sure hope for that, it would be such an unprecedented boom in the history of booms.

American traditional investors who have heard about the potential ETFs, surely have an increased interest by now, and listening to this man must make them feel better about wanting to invest in Bitcoin.

Let's hope this reaches as great an audience as it can and gathers some hype and increased confidence. This is me doing my part by spreading it further here.

The End

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