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Michael Saylor Advocates for Banks to Hold Bitcoin and Predicts Large Digital Asset Industry

(5 days ago) · 1 source · Summarized by CryptoBipto

Michael Saylor, co-founder of MicroStrategy (now Strategy), has called for Bitcoin to be integrated into the traditional banking system. He has also described a vision of a digital asset industry reaching $100 trillion in scale.

WHY IT MATTERS

When someone like Michael Saylor talks about putting Bitcoin inside banks, he is essentially saying that the same institutions where people keep their savings accounts and mortgages should also be able to store and manage Bitcoin for customers. Right now, most traditional banks do not offer this service. Think of it like the difference between buying gold from a specialty dealer versus being able to buy and store it at your local bank — having banks involved could make Bitcoin more accessible to everyday people. However, Saylor owns a very large amount of Bitcoin through his company, so he personally benefits if more institutions adopt it. His $100 trillion projection for the digital asset industry is his own estimate and should not be taken as a guaranteed outcome.

Michael Saylor has been one of the most prominent corporate advocates for Bitcoin since MicroStrategy began purchasing the cryptocurrency in 2020.

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SOURCES

  • beincrypto.com

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