Michael Saylor believes the launch of a US CBDC is good for Bitcoin
Join Our Telegram channel to stay up to date on breaking news coverage The co-founder and executive chairman of MicroStrategy, Michael Saylor, has shared his thoughts about a US central bank digital currency (CBDC). According to Saylor, the launch of a digital dollar would turn out to be good for Bitcoin. Michael Saylor says a US CBDC is good for Bitcoin While speaking at a recent interview with Valuetainment, Saylor said he was concerned about the possible negative effects of the digital dollar. The US CBDC has been criticized by many because of an increased likelihood of being used by the government to conduct mass surveillance on people’s spending habits. According to Saylor, these concerns would drive interest in Bitcoin. The MicroStrategy chair also said that the interest in CBDCs promoted awareness. Bitcoin will continue to grow as people become more aware of the need for something that is not a sovereign store of value. Saylor said, I’m sure the overwhel...