Warren Buffett’s right-hand man hasn’t taken the time to grasp Bitcoin, MicroStrategy’s Michael Saylor stated in an interview with CNBC.
Michael Saylor’s newest interview features a blast at Western elites, particularly Charlie Munger.
Munger not too long ago penned an op-ed for the Wall Street Journal titled, “Why America Should Ban Crypto.” In it, he slammed cryptocurrencies, explaining that:
“Such wretched excess has gone on because there is a gap in regulation. A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity. Obviously the U.S. should now enact a new federal law that prevents this from happening.”
This isn’t the primary time that Munger has been brazenly detrimental in the direction of bitcoin and cryptocurrencies, having beforehand referred to as it “rat poison squared” and “a bad combo of fraud and delusion.”
In a Friday interview with CNBC’s Morgan Brennan, Saylor addressed Munger’s latest op-ed and the Western elite’s opinions on Bitcoin. “If he was a business leader in South America or Africa or Asia and he spent a 100 hours studying the problem, he’d be more bullish on bitcoin than I am,” Saylor defined. “The Western elites have not had the time to study … but I’ve never really met someone with an incentive living in the rest of the world that spent some time thinking about it that wasn’t enthusiastic about bitcoin.”
Saylor’s criticism of Munger got here alongside additional descriptions with reference to MicroStrategy’s plans to develop Lightning enterprise software program, explaining for the primary time intimately that “Microstrategy is actually developing MicroStrategy Lightning, our own enterprise Lightning offering. We’re going to allow CMOs to offer Lightning rewards or bitcoin rewards, like a frequent flier program, to hundreds of thousands or millions of their customers, all of their employees and all of their prospects, at the speed of light off a website — and we’re very enthusiastic about that.”
The MicroStrategy chairman is clearly nonetheless bullish on bitcoin’s development no matter the opinion of legacy billionaires like Munger. In addition, his feedback spotlight his consideration to the worldwide nature of Bitcoin and its skill to allow those that will not be but financially related because the West is.
Saylor has been persistent in his help for Bitcoin, and he believes that different areas all over the world are extra conscious of the potential of the digital asset. With his dedication to growing Lightning enterprise software program, Saylor is making clear his dedication to the adoption of bitcoin and to connecting the world in a brand new method.
