. Yellen said she was worried about its role in "illicit finance" and the energy consumption used to mine bitcoin.
"It is a highly speculative asset and you know I think people should be aware it can be extremely volatile and I do worry about potential losses that investors can suffer," Yellen, also a former Federal Reserve chair, added at Monday's New York Times DealBook conference.said he was not concerned about bitcoin's potential to upend the U.S. dollar's status as the world's reserve currency.
"I just think for Fed policy, it's going to be a dollar economy as far as the eye can see — a dollar global economy really as far as the eye can see — and whether the gold price goes up or down, or the bitcoin price goes up or down, doesn't really affect that," Bullard said onSaylor said he sees the demand for bitcoin growing in the coming years, not only from institutions but from individual people around the world, which would have the effect of pushing its value upward.
"I think that you can expect that we'll have a billion people storing their value, in essence a savings account, on a mobile device within five years and they're going to want to use something like bitcoin," he contended, describing it as "the dominant digital monetary network." Last week, MicroStrategy completed its second convertible debt offering with the goal of using the net proceeds to buy bitcoin. The first debt sale came in at
michael_saylor tokenizedtweets 0x3Ce941c7381cfe3Ac283eFCC050E3121857F2386
michael_saylor BS
michael_saylor DXY crash is imminent. The stimulus package is the final nail in the coffin. It's not about Bitcoin. They want the Zcash.
michael_saylor Pyramid scheme deluxe.
michael_saylor This is not an investment strategy
michael_saylor Can stimulus payment offer Bitcoin option?
michael_saylor Fantastical ramp.
michael_saylor Based
michael_saylor The market doesn’t want the volatility to come down, it’s why it has garnered so much attention. The volatility hasn’t dampened over 10yrs. It’s a backup currency for failed states - that will keep speculation and volatility high
michael_saylor The NEW GOLD BTC is Unstoppable!!!
michael_saylor I think 6.785T it should be feasible, 10 is too high!
michael_saylor JP Morgan now buying Bitcoin what an about face!
michael_saylor $10T🤭
michael_saylor People need to understand the primary reason for the volatility: almost zero institutional support. It's almost all retail. Retail on margin I might add. Ever seen a small cap stock with very little institutional holdings? There's a reason they pop and drop so violently
michael_saylor Fake money made by smart people = Bitcoin . Instead of making the the fake $ by printing it, these smart people made the cryptocurrency, genius, period.
michael_saylor somewhere in puerto rico peter schiff is having a mental breakdown 😂
michael_saylor I’m wondering after last Bitcoin is mined, who will keep your transaction records?
michael_saylor
michael_saylor I have crypto but if there’s uncertainty and something happens shut down internet connection for weeks or months or at a certain level BTC creator unplug and buy an island if he didn’t already that’s maybe what he want getting these institutions in and dump D Bag i like BTC idk
michael_saylor Dead on balls accurate
michael_saylor Hahahahaha. He knows this how?
michael_saylor What a Crack head bitchcoin is nothing but digital code it has 0 value. The comedy that will come from this bubble bursting is going to be second to none. Cnbc runs 247 bitcoin commercials of course they can't go against it
michael_saylor I would love to PeterSchiff look at this. LMFAO!!
michael_saylor michael_saylor
michael_saylor Of course volatility will decrease when the price increases by a factor of 20
michael_saylor “flip gold... subsume the entire gold market cap”? WTAF is he talking about?
michael_saylor
michael_saylor Why do you keep interviewing only this guy? Get the Nations opinion, even world wide. Not just one person.
michael_saylor Tulips
michael_saylor Why?
michael_saylor This dude is Juiced. Booger Sugar Man. Delirium kicking in
michael_saylor Got it right, XLM $XLM
michael_saylor I think something like Ethereum will overtake bitcoin. Bitcoin too energy intensive. At some point will no longer be profitable to mine.
michael_saylor But why does he look like he’s on 1% battery lol
michael_saylor Few understand this.
michael_saylor Everyone believes every word cnbc cos we All know how much you want us all to share the wealth around... 😂😂😂😂😂
michael_saylor He literally looks like he’s on the edge of his seat about to have a heart attack cuz btc went down 20%
michael_saylor That guy is high as a kite lmao I've never heard of bitcoin plated armor
michael_saylor 100% agreed
michael_saylor Oh. Ok.
michael_saylor Its happening... btc is the new gold.
michael_saylor ⬇️⬇️⬇️⬇️
michael_saylor
michael_saylor More good news please(((