War Will Accelerate The Adoption Of Bitcoin

Do you agree with that?
Michael Saylor, chairman and CEO of business intelligence company MicroStrategy, tweeted on Thursday that war or any war-like conditions will increase the adoption of Bitcoin. Saylor also cited a Wall Street Journal article on how the war in Ukraine has led to higher global inflation, as it has historically.

Recently, in an interview on PBD Podcast, Michael Saylor said, Bitcoin is the only scarcity in the world and snubs gold and ‘everything else’ as commodities that can be manufactured indefinitely. Moreover, he believes that bitcoin is the best store of value and not property, gold, or commodities, and will stick with buying the digital asset even as it comes under pressure.

War is once again disrupting supply, boosting military spending, and threatening to sustain rising prices around the world.

On 24th February, Bitcoin value had slumped near $34k. Since then, the most popular crypto asset’s price has jumped over 20 percent.

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