Michael Saylor is not deterred by the current weakness of Bitcoin. He remains optimistic about the future of the world’s biggest cryptocurrency in terms of market cap.
His optimism is based in part on a strategic Bitcoin Reserve Bill that Senator Cynthia Lummis introduced last week. Saylor, the co-founder and executive chair of MicroStrategy Inc., dubbed this the crypto’s “Louisiana Purchase” moment.
In a recent CNBC interview, he said that it is now “possible” to discuss nation-states holding Bitcoin on their balance sheet. Poodlana is a new crypto peer that has been attracting a lot of attention to its ongoing presale.
What a BTC Reserve Bill may mean for Poodlana
Michael Saylor believes that individuals, businesses, and institutions will buy Bitcoin if nations decide to purchase the crypto leader.
This could translate into a much greater demand for cryptocurrencies which would typically drive prices up.
MSTR’s chairman believes that a strategic BTC Reserve is a good idea, as “everyone will be doing business on the internet” in the future. The continued desire for a rare digital asset (Bitcoin), may help keep its price on an upward trajectory.
This could also be beneficial for Poodlana, since a Bitcoin rally tends to reflect in the broader cryptocurrency market. Click here to learn more about POODL, the native meme currency of Poodlana.
Cryptocurrencies are a big deal for millennials
Michael Saylor compared Bitcoin to digital gold and digital real estate. Bitcoin is seen as a hedge to inflation and excessive government expenditure.
The MicroStrategy founder is a big believer in BTC, as it works 100% of the time like electricity or water. He added that millennials are asking “why are we still stuck with the 20th century banks, money markets and capital markets which shut us down?” on the weekends.
Saylor’s remarks are encouraging for the crypto space in general, including Poodlana. The coin has raised more than $6.6 million within a month. On its website, you can find out more about POODL, the cute and glamorous meme currency.
POODL presale ends within 4 days
Poodlana’s presale will end on August 16 , only 4 days away.
POODL has already committed to a listing within one hour of its presale. If you decide to invest in Poodlana now, you can benefit from the potential upside typically unlocked after a meme-coin lists on a cryptocurrency exchange.
Poodlana is also a result of the rapid growth in fashion. This makes it more likely that this will be the next 100x opportunity by 2024. This link contains more information about this new crypto entry.
This post Michael Saylor explains why he is bullish on BTC. Does this also apply to Poodlana? It may be modified as new developments unfold.
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