The ongoing weakness in Bitcoin is far from sufficient for Michael Saylor to turn any less bullish on what the future holds for the world’s largest cryptocurrency by market cap.
Part of his optimism stems from a strategic Bitcoin reserve bill that Senator Cynthia Lummis presented last week. Saylor – the co-founder and executive chairman of MicroStrategy Inc dubbed it the crypto’s “Louisiana Purchase” moment.
It is now “possible to discuss nation states holdings Bitcoin on the balance sheet,” he told CNBC in a recent interview. As such developments help the broader crypto market, an up-and-coming crypto peer that’s attracting massive interest to its ongoing presale, Poodlana, could benefit as well.
What a BTC reserve bill may mean for Poodlana
Michael Saylor is convinced that institutions, businesses, and individuals will load up on Bitcoin if nation-states decide indeed in favor of buying the crypto leader.
That may translate to a much higher demand for cryptocurrencies, which typically drives prices up.
The MSTR chairman sees a strategic BTC reserve as a good idea as “everybody will be doing business in cyberspace” in the coming years. Continued desire for a scarce digital asset (Bitcoin) may help its price remain on its upward trajectory.
That could prove to be a benefit for the likes of Poodlana as well since a Bitcoin rally has a habit of reflecting in the broader crypto market. Click here to find out more about POODL – the native meme coin of Poodlana.
Millennials see big potential in cryptocurrencies
Michael Saylor has previously likened Bitcoin to digital gold or digital real estate. Bitcoin is widely seen as a hedge against inflation and excessive government spending.
The MicroStrategy cofounder is super bullish on BTC as it operates 100% of the time much like electricity or water. Millennials are, therefore, questioning “why are we stuck with 20th-century banks, money markets, and capital markets that shut us down” on the weekend, he added.
Saylor’s aforementioned remarks bode well for the broader crypto space, including Poodlana which has already raised over $6.6 million in less than a month of presale. You can learn more about POODL – the cute and glamorous meme coin on its website.
POODL presale ends in just 4 days
Now is particularly a suitable time to build an early position in Poodlana as it’s scheduled to end its presale on August 16th – only 4 days from now.
POODL has already promised a listing within an hour after its presale and you’d be able to benefit from the potential upside that typically unlocks after a meme coin lists on a crypto exchange if you choose to invest in Poodlana today.
Note that Poodlana does have the rapid growth in the fashion industry as a catalyst behind it as well. That makes it all the more likely to be the next 100x opportunity in 2024. Further details of this new crypto entrant are available on this link.
The post Michael Saylor explains his bullish view on BTC: Does the same apply to Poodlana? appeared first on Invezz
