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Michael Saylor: "If people lose faith in banks, they lose faith in the currency. When they lose faith in the currency, they lose faith in the government. When you lose faith in the bank, the currency, and the government, and someone says, what can you tru

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by COINS NEWS 90 Views

So Michael Saylor, as we all know a CEO of MicroStrategy, by far the largest institutional holders of Bitcoins with 140,000 owned right now, was at the PBD podcast this week and this was one of his better quotes from the podcast. Here is a bit extended part of this quote on the podcast: https://podclips.com/c/lost-faith-in-the-us-dollar-government-you-can-trust-bitcoin?ss=r&ss2=bitcoin&d=2023-05-11&m=true

Some other interesting quotes from the podcast: ''The strongest currency in the world is the dollar. That's not money. You're losing 99% of your wealth over the course of 90 years in the US dollar, maybe more. The only difference between the US dollar and the peso is where as it takes 20 years to lose your family's fortune in the peso, it takes about 90 years to lose your family's fortune in the dollar.''

'' You shouldn't have any money in a bank. You're basically losing 7% of all your wealth every year in a good year if it's the dollar. You're losing 15% of your wealth in a not good year if it's the dollar. You're absolutely losing all your money over the course of a decade.''

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