THELOGICALINDIAN - Microstrategy CEO Michael Saylor has appropriate Nigeria and Zimbabwe affair currencies that are backed by bitcoin if they appetite to fix their economies He estimated that application the bitcoin accepted will end starvation and acquiesce citizens of both countries to accept a appropriate life
National Currencies Backed by Bitcoin
In a video blow area he additionally addresses claims that the Bitcoin arrangement cannot scale, Saylor suggests that if Nigeria and Zimbabwe acquirement bitcoins account $2-3 billion, they could able-bodied end the bill woes they anon face. Saylor explained:
Bitcoin as ‘the Kingmaker’
Before advertence Nigeria and Zimbabwe, Saylor, whose aggregation now holds added than 114,000 bitcoins, additionally identifies Turkey as addition country that could buy bitcoins and use them to aback the lira currency. According to Saylor, if Turkey were to acquirement bitcoins account $5 billion and authority these for the abutting bristles years, this could potentially strengthen the lira currency.
Despite Saylor’s connected exhortations, alone one country, El Salvador, appears to accept taken heed of the advice. Many added countries, including Nigeria, accept instead called to actualize their own agenda currencies which they achievement will abate the address of bitcoin.
However, in the aforementioned video, Saylor insists this will appear and this will prove that bitcoin is “the kingmaker.”
Do you accede with Saylor’s sentiments on bitcoin? Tell us what you anticipate in the comments area below.
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