Michael Saylor suggested that developing countries buy Bitcoin – Bits Media

MicroStrategy CEO Michael Saylor suggested countries with high poverty levels should buy BTC and launch currencies, Bitcoin-backed, to improve the economy.

Michael Sailor (Michael Saylor) posted a video on Twitter, in which he advised the government Nigeria and Zimbabwe to invest in the first cryptocurrency. According to him, if these countries buy BTC at $2-3 billion, this will solve the problems, associated with the weakening of government currencies, will end hunger and provide a decent life for citizens. Sailor also suggested, what if Türkiye buys BTC at $5 billion and will store them for five years, это значительно укрепит курс турецкой лиры.

Сейлор всегда выступает за долгосрочное хранение биткоина. В мае он заявил, what, несмотря на волатильность криптовалютного рынка, he didn’t sell “a single satoshi”. MicroStrategy still continues to purchase Bitcoin, and in her possession is more 108 000 BTC.

"To improve life in Nigeria or Zimbabwe, the leaders of these countries need to buy bitcoins with $2 billion or even $3 billion. Then the citizens of these states will stop dying of hunger. It is worth thinking about issuing currencies, Bitcoin-backed, after all, Bitcoin can already be considered a standard”, Sailor said.

So, 7 september, after Bitcoin was recognized as legal tender in El Salvador, the government of the country purchased 400 BTC. However, many countries believe it makes more sense to explore the possibility of launching central bank digital currencies. Regulators are wary, that private cryptocurrencies can be so deeply embedded in everyday life and e-commerce, that people will not have a need for fiat currencies.

Ранее Сейлор сравнил биткоин с цифровой собственностью и заявил, что вложения в первую криптовалюту гораздо привлекательнее, чем инвестиции в золото.