Bitcoin: Michael Saylor Defends a $1.6 Trillion Market

Bitcoin returned around 80,000 dollars on Friday, but Jason Calacanis does not see it as a comeback. The American investor believes that the asset has lost a good part of its appeal with the general public after 17 years of existence. Michael Saylor replied with a figure: 1,600 billion dollars of capitalization. For the executive chairman of Strategy, Bitcoin does not need to become the next universal means of payment. Its main use would now be the preservation of wealth over the long term.

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