{"id":477884,"date":"2021-12-01T23:00:17","date_gmt":"2021-12-01T23:00:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=477884"},"modified":"2024-06-11T14:09:33","modified_gmt":"2024-06-11T14:09:33","slug":"michael-saylor-says-bitcoin-is-the-oxygen-mask-that-will-save-investors","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/michael-saylor-says-bitcoin-is-the-oxygen-mask-that-will-save-investors\/","title":{"rendered":"Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors"},"content":{"rendered":"

Bitcoin bull Michael Saylor has shared some thoughts regarding how the digital asset intersects with the economy. Saylor has always been a big fan of bitcoin and has never been shy to share his thoughts on its future. MicroStrategy, the firm on which Saylor serves as CEO, possesses the largest bitcoin holdings of any publicly-traded company. Saylor himself has a personal stake in the asset and has been very vocal about it.<\/p>\n

This week, the CEO was on the Tucker Carson Today<\/a> show on Fox News and talked about bitcoin with Carson. Saylor presented a broken-down explanation of bitcoin in an effort to help the average person understand its importance to the economy.<\/p>\n

Related Reading |\u00a0Report Shows Institutional Investors Are Abandoning Bitcoin For Altcoins<\/a><\/strong><\/em><\/p>\n

Sucking Life Out Of The Economy<\/h2>\n

Saylor appeared on the show with host Tucker Carson to talk in-depth about pertinent issues that have arisen in regards to the economy. Particularly curious about cryptocurrencies, Carson asked the CEO for an explanation of Bitcoin, given his personal and professional stake in the digital asset. Saylor took the route of comparisons as he used the human body to explain its importance.<\/p>\n

Firstly, Saylor explained that currency was to the economy was blood was to the human body. In other words, the economy would not be able to survive if there was no functioning currency in it. Going forward, he said that money was important to the currency the way oxygen was to the blood. Saylor then compared the printing of money to sucking the oxygen out of a room.<\/p>\n

\"Bitcoin<\/p>\n

BTC ushers in new month at $57K | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Continuing to suck the oxygen out of the currency by way of printing money irresponsibly would collapse the economy, said the CEO, or worse, plunge it back into \u201cStone Age barter\u201d, making the economy about 100 times less efficient. So what is the fix for this?<\/p>\n
Bitcoin Is Life-Saving Oxygen<\/h2>\n
Saylor pointed out that so many countries in the world have collapsed currencies and the U.S. dollar is currently serving as the reserve currency of the world. This means that all of the other over 160 currencies in the world are weaker compared to the U.S. dollar. This has not been a problem in the past. However, the dollar itself is getting weaker due to the massive amount of it being printed \u2013 \u201cthe oxygen is getting sucked out of the room.\u201d<\/p>\n
Related Reading |\u00a0MicroStrategy Follows El Salvador\u2019s Lead As It Buys Bitcoin Dip<\/a><\/strong><\/em><\/p>\n
The CEO then gives an illustration of an oxygen mask dropping into a room with oxygen being sucked out. In any scenario, everyone in the room would head for the oxygen mask and Bitcoin is that oxygen mask, said Saylor.<\/p>\n
\n
“The point of Bitcoin is to fix the money, and money is energy, and energy is life. And if I keep sucking the energy out of the economy, I\u2019m sucking the oxygen out of the system. Either, under the best case, you perform poorly. Under the worst case, I suffocate you to death or freeze you to death. That\u2019s the problem.\u201d<\/p>\n<\/blockquote>\n
Featured image from BBC, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin bull Michael Saylor has shared some thoughts regarding how the digital asset intersects with the economy. Saylor has always been a big fan of bitcoin and has never been shy to share his thoughts on its future. MicroStrategy, the firm on which Saylor serves as CEO, possesses the largest bitcoin holdings of any publicly-traded company. Saylor himself has a personal stake in the asset and has been very vocal about it. This week, the CEO was on the Tucker Carson Today show on Fox News and talked about bitcoin with Carson. Saylor presented a broken-down explanation of bitcoin in an effort to help the average person understand its importance to the economy. Related Reading |\u00a0Report Shows Institutional Investors Are Abandoning Bitcoin For Altcoins Sucking Life Out Of The Economy Saylor appeared on the show with host Tucker Carson to talk in-depth about pertinent issues that have arisen in regards to the economy. Particularly curious about cryptocurrencies, Carson asked the CEO for an explanation of Bitcoin, given his personal and professional stake in the digital asset. Saylor took the route of comparisons as he used the human body to explain its importance. Firstly, Saylor explained that currency was to the economy was blood was to the human body. In other words, the economy would not be able to survive if there was no functioning currency in it. Going forward, he said that money was important to the currency the way oxygen was to the blood. Saylor then compared the printing of money to sucking the oxygen out of a room. BTC ushers in new month at $57K | Source: BTCUSD on TradingView.com Continuing to suck the oxygen out of the currency by way of printing money irresponsibly would collapse the economy, said the CEO, or worse, plunge it back into \u201cStone Age barter\u201d, making the economy about 100 times less efficient. So what is the fix for this? Bitcoin Is Life-Saving Oxygen Saylor pointed out that so many countries in the world have collapsed currencies and the U.S. dollar is currently serving as the reserve currency of the world. This means that all of the other over 160 currencies in the world are weaker compared to the U.S. dollar. This has not been a problem in the past. However, the dollar itself is getting weaker due to the massive amount of it being printed \u2013 \u201cthe oxygen is getting sucked out of the room.\u201d Related Reading |\u00a0MicroStrategy Follows El Salvador\u2019s Lead As It Buys Bitcoin Dip The CEO then gives an illustration of an oxygen mask dropping into a room with oxygen being sucked out. In any scenario, everyone in the room would head for the oxygen mask and Bitcoin is that oxygen mask, said Saylor. “The point of Bitcoin is to fix the money, and money is energy, and energy is life. And if I keep sucking the energy out of the economy, I\u2019m sucking the oxygen out of the system. Either, under the best case, you perform poorly. Under the worst case, I suffocate you to death or freeze you to death. That\u2019s the problem.\u201d Featured image from BBC, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":477888,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,435,1119,2438,83344],"class_list":["post-477884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-adoption","tag-btc","tag-inflation","tag-michael-saylor"],"acf":[],"yoast_head":"\nMichael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors<\/title>\n<meta name=\"description\" content=\"Bitcoin bull Michael Saylor has shared some thoughts regarding how the digital asset intersects with the economy. 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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors","url":"http:\/\/uniquehot.com\/news\/michael-saylor-says-bitcoin-is-the-oxygen-mask-that-will-save-investors\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/michael-saylor-says-bitcoin-is-the-oxygen-mask-that-will-save-investors\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/bitcoin.jpeg?fit=640%2C360"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin adoption","btc","inflation","michael saylor"],"dateCreated":"2021-12-01T23:00:17Z","datePublished":"2021-12-01T23:00:17Z","dateModified":"2024-06-11T14:09:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/michael-saylor-says-bitcoin-is-the-oxygen-mask-that-will-save-investors\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/michael-saylor-says-bitcoin-is-the-oxygen-mask-that-will-save-investors\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/bitcoin.jpeg?fit=640%2C360\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin adoption\",\"btc\",\"inflation\",\"michael saylor\"],\"dateCreated\":\"2021-12-01T23:00:17Z\",\"datePublished\":\"2021-12-01T23:00:17Z\",\"dateModified\":\"2024-06-11T14:09:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/bitcoin.jpeg?fit=640%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/477884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=477884"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/477884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/477888"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=477884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=477884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=477884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}