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Bitcoin News Alerts | Daily BTC News

1301: MICHAEL SAYLOR: ‘Gold Will Fail and be Replaced by Bitcoin’

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 3 June 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Gold will "fail" as an asset as people realize that Bitcoin offers superior properties to the yellow metal. That is according to billionaire Michael Saylor, Executive Chairman and Co-Founder of MicroStrategy, a publicly traded company which holds 140,000 BTC. "[Bitcoin] is the digital synthetic successor to gold," Saylor told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "Bitcoin is going to appreciate at a faster rate. Gold is going to fail. Eventually people will sell all their gold and buy Bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.8

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0:29.7

In today's show, as you can see, Bitcoin is pumping, currently above $27,300.

0:35.8

I'll be breaking down the latest technical analysis. We're also quoting Max Kaiser

0:40.0

right here. The Bitcoin difficulty adjustment is leading a relatively small group of humans to a

0:44.9

perfect money future. This is the face of God. And quoting Satoshi, if you don't believe me or don't

0:50.3

get it, I don't have the time to try to convince you. Sorry. And check this out.

0:54.6

Liz Warren's Crypto Army is out targeting Bitcoin for illicit money transfers and laundering.

0:59.4

Meanwhile, the Pentagon could only account for 39% of its $3.5 trillion in assets and racked up

1:04.8

$35 trillion in accounting changes in just one year. Facts. Also in today's show, net Bitcoin ATMs record an increase after

1:13.2

four months of global downtrend. That's right, ATMs are on the rise. Also, we'll be discussing

1:18.7

Cathedral Bitcoin unveils plans for their off-grid Bitcoin mining in Texas. We'll also be

1:24.7

discussing is Biden's controversial Bitcoin mining tax dead or set to rise from the ashes?

1:30.5

We'll also be discussing Bitmex founder Arthur Hayes predicts a Bitcoin bull market ahead and says to expect fireworks.

1:37.2

I'll break down his timeline.

1:38.6

I'll also be sharing the latest of Michael Saylor and his prediction for 2023.

1:44.0

He says gold will fail and be replaced by Bitcoin.

1:47.1

Bank collapses our political decision.

1:49.2

We'll also be taken a look at the overall crypto market.

1:52.2

All this plus so much more in today's show.

2:06.0

Hey, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience, visit our YouTube channel at CryptoNewsalerts.net. Again, that's CryptoNewsalerts.

2:14.3

And welcome everyone just tuning in. This is pod episode number 13001. Happy Saturday,

...

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