Michael Saylor, the outspoken Bitcoin advocate and co-founder of MicroStrategy, has publicly endorsed BlackRock's recent comments on Bitcoin. Saylor's support follows Robbie Mitchnick, head of digital assets at BlackRock, who praised Bitcoin's attributes during an appearance on Bloomberg Crypto.
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Mitchnick stated that BlackRock thinks about Bitcoin as an emerging global monetary alternative and “a scarce, global, decentralized, non-sovereign asset.” It has no risk tied to any particular country, and it is becoming particularly popular amid growing concerns about extensive money printing, fiat currency debasement and escalating political, fiscal and sustainability challenges not only in the United States but in other countries as well.
Last week, BlackRock also gained the approval of its Bitcoin options from the SEC. This milestone was largely celebrated by the cryptocurrency community.
Bitcoin Blackrock Microstrategy Michael Saylor Cryptocurrency Investments
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