Bitcoin (BTC) will be the savings method of choice for one billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicts.
In an interview with CNBC on Feb. 23, Saylor, whose company owns in excess of 70,000 BTC, continued his public Bitcoin advocacy, calling it “the dominant digital monetary network.”
Saylor: Billions will choose Bitcoin for savings
Saylor was speaking a day after U.S. Treasury Secretary Janet Yellen described Bitcoin as “inefficient,” comments which accompanied a price dip of over 20% from all-time highs of $58,300.
For him, however, he comments were of little consequence compared to the broader Bitcoin use case quickly encroaching into more and more people’s financial lives.
“The story here that’s not being told is that Bitcoin is egalitarian progressive technology,” he told CNBC’s Squawk Box segment.
“We’re going to see a day when 7-8 billion people have a bar of digital gold on their phone and they’re using it to store