MicroStrategy co-founder Michael Saylor criticized the traditional 20th-century credit system, describing it as fundamentally flawed due to the continuous devaluation of its underlying assets. Speaking on The Wolf Of All Streets Podcast on November 2, Saylor argued that the aging financial credit system is collapsing as interest rates decline, forcing traditional credit instruments to offer lower returns for the same risk. He emphasized that this situation widens the gap between Bitcoin and traditional financial products. Saylor noted that even in a so-called 'doomsday scenario,' Bitcoin would still appreciate by 20% annually, compared to the 30% or 40% it might otherwise achieve.
Michael Saylor Criticizes Traditional Credit System, Highlights Bitcoin's Resilience
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