Michael Saylor Says Republicans Have More ‘Progressive’ View on Crypto, Democrats ‘Drifting to the Middle’

“There is no such thing as a doubt that Republicans have taken a really pro-crypto stance,” Michael Saylor, government chairman of MicroStrategy, stated Monday.

Saylor reiterated on CNBC his expectation that one bitcoin can be price $13 million within the subsequent twenty years.

Republicans are far forward of Democrats of their views on crypto and bitcoin (BTC), stated Michael Saylor, government chairman of MicroStrategy (MSTR).

“There is no such thing as a doubt that Republicans have taken a really pro-crypto place […] Particularly Trump.” Saylor stated in a CNBC look Monday when requested concerning the presidential election’s affect on the business.

“At this level, Republicans have change into way more progressive, whereas Democrats are drifting towards the center […] when it comes to their views on crypto and bitcoin,” he added.

As for U.S. Securities and Change Fee chairman and crypto horse Gary Gensler’s function in a possible Harris administration, Saylor stated it was above his pay grade to reply that query.

Saylor did not appear bothered by bitcoin’s current brutal run, which noticed the value fall to a seven-month low beneath $53,000 final week. He repeated his perception that bitcoin, which now represents 0.1% of worldwide capital, will finally rise to 7% of worldwide capital, or a value of $13 million within the subsequent twenty years.

MicroStrategy, which not too long ago rebranded itself as a bitcoin technique firm, now says its major job is to securitize the world’s largest cryptocurrency. The corporate started buying bitcoin in August 2020 and presently owns roughly $8.3 billion in belongings at present costs.

Shares of MSTR are up 879% for the reason that firm began shopping for Bitcoin, however are down 20% over the previous six months, along with BTC’s poor efficiency.