Michael Saylor Backs BlackRock’s Bullish Bitcoin Vision as a Global Monetary Alternative

Michael Saylor, co-founder of MicroStrategy and a well-known Bitcoin supporter, recently voiced his support for BlackRock's Head of Digital Assets Robbie Mitchnick's statement.

During an appearance on Bloomberg Crypto, Michnik offered a bullish outlook on Bitcoin, describing it as an emerging global monetary alternative.

Mitchnik highlighted Bitcoin’s unique position as a “scarce, global, decentralized, non-sovereign asset,” underscoring its growing appeal amid concerns over money printing, the devaluation of fiat currencies, and growing political and fiscal challenges globally.

He noted that thanks to these characteristics, Bitcoin is resonating with many investors, especially those who are wary of traditional financial systems. Duty also commented that Bitcoin has elements of both risky and risk-free assets, adding that significant events often impact its fundamental value.

Saylor, known for his great faith in Bitcoin, posted a tweet in support of these remarks, joining BlackRock’s view on the cryptocurrency. He has long advocated Bitcoin as a hedge against inflation and a stable store of value.

#Bitcoin is an emerging global monetary alternative; a scarce, global, decentralized, non-sovereign asset. – Robbie Mitchnick, @BlackRock Head of Digital Assets pic.twitter.com/ZOkq2Whzqt

— Michael Saylor⚡️ (@saylor) September 24, 2024