MicroStrategy founder and executive chairman Michael Saylor believes that the banking crisis is a net positive for Bitcoin (BTC).
Saylor says in a new interview on the David Lin Report that the flagship crypto asset is attracting “smart money” amid a currency and banking crisis.
“The meltdown in banks and the meltdown of currencies is driving a stampede of smart money to Bitcoin.”
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According to the MicroStrategy executive chairman, the loss of confidence in the existing monetary system is what is making “commodity monies” such as gold and Bitcoin attractive.
“If you lose confidence in the currency, the banks, then you lose confidence in fiat currency as money. And therefore the money is dying. It’s obviously dying in Venezuela, it’s obviously dying in Argentina. But
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