net_left adver left
Detail

‘100 Hours of Study’ To Know How BTC Works, Says Microstrategy CEO

Michael Saylor of MicroStrategy said a reasonable person needs 100 hours of study to understand how the Bitcoin network works. The CEO has been accused of going too far in...
‘100 Hours of Study’ To Know How BTC Works, Says Microstrategy CEO © Reuters ‘100 Hours of Study’ To Know How BTC Works, Says Microstrategy CEO

  • Michael Saylor of MicroStrategy said a reasonable person needs 100 hours of study to understand how the Bitcoin network works.
  • The CEO has been accused of going too far in promoting BTC when he asked people to mortgage their homes and failing businesses for crypto.
  • BTC briefly touched $19,900 in the last 24 hours and trades slightly above the $20k price point.

Michael Saylor, the CEO of MicroStrategy Inc., said the average person needs 100 hours of dedicated learning to deeply understand how the Bitcoin network works and why it’s unique. “It is 100 times bigger than the next substitute of the next competitor,” he added.

Saylor made the bold declaration while fielding questions from a Fox Business journalist on June 21, 2022.

When asked about the notion of crypto being decentralized and needing regulation, he said Bitcoin is an amateur asset class maturing. Any regulation is suitable, provided regulators get good guidance about Bitcoin.

Bitcoin study is essential, he said, because many people take advice from the government. He believes that if the government clarifies to the public the difference between a commodity, security, a currency, and how they may be used, it will open up a much easier path for institutional investors, mainstream investors, and corporations to get involved.

He went on to say Bitcoin (BTC) represents a high-risk, high volatility asset to the short-term investor, but not for a person with a ten-year term view.

The CEO has been accused of going too far in promoting BTC when he asked people to mortgage their homes and failing businesses to invest the proceeds in cryptocurrency. In response to the claim, he argued that telling someone to get a 30-year mortgage at a fraction of the current price is not bad financial advice. He added that BTC had been up on average by 52% for the past two years and 51% in the last five years, which is ten times better than Nasdaq.

BTC briefly touched $19,900 in the last 24 hours and trades slightly above the $20k price point.

Continue reading on CoinQuora

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-06-2022 21:10:34 (UTC+7)

EUR/USD

1.0577

+0.0023 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.0577

+0.0023 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.2282

+0.0019 (+0.16%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

USD/JPY

135.18

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6932

-0.0016 (-0.23%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

USD/CAD

1.2907

+0.0014 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (7)

EUR/JPY

142.98

+0.32 (+0.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (6)

EUR/CHF

1.0138

+0.0029 (+0.29%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Gold Futures

1,828.25

-2.05 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

Silver Futures

21.310

+0.151 (+0.71%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Copper Futures

3.7563

+0.0118 (+0.32%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

Crude Oil WTI Futures

107.28

-0.34 (-0.32%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (3)

Brent Oil Futures

109.00

-0.10 (-0.09%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (3)

Natural Gas Futures

6.193

-0.088 (-1.40%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

US Coffee C Futures

221.15

-2.10 (-0.94%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (6)

Euro Stoxx 50

3,532.45

-0.72 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

S&P 500

3,902.30

-9.44 (-0.24%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (5)

DAX

13,159.31

+41.18 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,239.58

+30.77 (+0.43%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Hang Seng

22,229.52

+510.46 (+2.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,762.80

+0.34 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

IBEX 35

8,200.41

-43.69 (-0.53%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (2)

BASF SE NA O.N.

42.672

+0.457 (+1.08%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

Bayer AG NA

59.10

+1.31 (+2.27%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

Allianz SE VNA O.N.

180.66

-0.54 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Adidas AG

172.04

+1.68 (+0.99%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Deutsche Lufthansa AG

5.979

+0.013 (+0.22%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

Siemens AG Class N

103.84

+1.22 (+1.19%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

Deutsche Bank AG

8.770

-0.149 (-1.67%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

 EUR/USD1.0577↑ Sell
 GBP/USD1.2282Sell
 USD/JPY135.18↑ Buy
 AUD/USD0.6932Sell
 USD/CAD1.2907↑ Sell
 EUR/JPY142.98↑ Sell
 EUR/CHF1.0138↑ Sell
 Gold1,828.25↑ Sell
 Silver21.310↑ Sell
 Copper3.7563↑ Sell
 Crude Oil WTI107.28Neutral
 Brent Oil109.00Neutral
 Natural Gas6.193↑ Buy
 US Coffee C221.15↑ Sell
 Euro Stoxx 503,532.45↑ Sell
 S&P 5003,902.30Sell
 DAX13,159.31↑ Sell
 FTSE 1007,239.58Buy
 Hang Seng22,229.52↑ Sell
 Small Cap 20001,762.80Neutral
 IBEX 358,200.41Neutral
 BASF42.672↑ Buy
 Bayer59.10Sell
 Allianz180.66↑ Sell
 Adidas172.04Neutral
 Lufthansa5.979↑ Buy
 Siemens AG103.84Sell
 Deutsche Bank AG8.770↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,775/ 6,845
(15/ 5) # 1,667
SJC HCM6,790/ 6,860
(5/ -5) # 1,683
SJC Hanoi6,790/ 6,862
(5/ -5) # 1,685
SJC Danang6,790/ 6,862
(5/ -5) # 1,685
SJC Nhatrang6,790/ 6,862
(5/ -5) # 1,685
SJC Cantho6,790/ 6,862
(5/ -5) # 1,685
Cập nhật 27-06-2022 21:10:36
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,827.53-3.43-0.19%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$106.27-0.83-0.79%
Brent$109.04-0.99-0.92%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.932,6125.273,13
GBP27.815,2929.001,83
JPY167,64177,48
KRW15,5718,97
Cập nhật lúc 18:53:21 27/06/2022
Xem bảng tỷ giá hối đoái
adver main right