Michael Saylor reframes Charlie Munger on bitcoin and cryptos

The growth outlook for bitcoin (BTC) is not all optimism. Above all, they make a lot of pessimists. Charlie Munger is one of them. The vice-president of Berkshire Hathaway is indeed part of this class of conservative investors who have never believed in the potential of bitcoin (BTC). Moreover, they want it to be banned pure and simple. Regularly, they utter rants about the crypto industry offering crypto optimists like Michael Saylor the opportunity to reframe them.

Would Munger be subjective in relation to bitcoin?

Interviewed on Friday February 3 on the American television channel CNBC, Michael Saylor, the boss of MicroStrategy, a business intelligence services company, reacted to a recent comment delivered by Charlie Munger, the senior business associate of billionaire Warren Buffett.

Like many American business owners, the latter recently gave his opinion in the crypto market and bitcoin in particular. Berkshire Hathaway VP Believes Cryptos Should Be Banned in the United States Just as it is in China.

This, because according to him, they are not “neither a currency, nor a commodity, nor a security” and that in addition, the absence of regulation of the sector gives rise to a mentality which would favor excesses.

Although Saylor fully understands this point of view, he nevertheless considers that Munger’s analysis is seriously lacking in objectivity. According to him, the opinion of the leader of Berkshire Hathaway would be absolutely different if he were a business leader in Nigeria, Lebanon or Venezuela. These countries have recently watched helplessly as their local currencies depreciated suddenly.

Michael Saylor calls on Charlie Munger to study the bitcoin market enough

According to the head of MicroStrategy, if the opinion of Charlie Munger lacks objectivity, it is because he, like most Western business leaders, give their opinion on the crypto market, without knowing what it’s about. He adds that it is also because they have not worked to know the ins and outs of the subject.

“Charlie Munger and other Western business leaders are continually asked for their thoughts on bitcoin, but they haven’t had time to study it” said Michael Saylor.

And to add: “If they did, they would understand, like analyst Joseph Vafi, that more and more institutional investors are working on their overall digital asset strategies.” They would also realize, as the trends in the market indicate, that beyond appearances, the adoption of cryptos by the general public is strengthening “. One thing is certain: until crypto membership becomes mainstream and indispensable for everyone, many will continue to doubt its relevance.

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