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| Michael Saylor, CEO, Microstrategy |
According to him, using the
bitcoin standard will end starvation and allow citizens of both countries to have
a decent life.
In a video clip where the Microstrategy boss, whose organization
now holds excess of 114,000 bitcoin, also addressed claims that the Bitcoin
network cannot scale. He suggested that if Nigeria and Zimbabwe purchase
bitcoins worth $2-3 billion, they
could well end the currency woes they presently face.
In his own words, “You wanna fix
your country like Nigeria, or Zimbabwe? The way you fix your country is you buy
$2 billion, $3 billion worth of bitcoin and you issue currency backed by the
bitcoin. That is the bitcoin standard and every one of your citizens stops
starving to death. And they live a decent life.”
While explaining Bitcoin as ‘the
Kingmaker,’ the billionaire also identifies Turkey as another country that could buy bitcoins and use them to
back the lira currency. He stated it
explicitly that if Turkey should to purchase bitcoins worth $5 billion and hold
them for the next five years, this could potentially strengthen the lira
currency.
In spite of Saylor’s incessant appeal
by the US billionaire, only one country, El Salvador, appears to have taken
heed of the advice. Many other countries, including Nigeria, have instead
chosen to create their own digital currencies which they hope will diminish the
appeal of bitcoin.
However, in the same video,
Saylor insists this will happen and this will prove that bitcoin is “the
kingmaker.”
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