Comparing altcoins to Bitcoin? MicroStrategy CEO: $300 trillion won't choose between Tron and Bitcoin

During an interview, the CEO of MicroStrategy stated that in order for the cryptocurrency market to reach its full potential, altcoin investors should support Bitcoin instead of competing with it. Furthermore, MicroStrategy has redirected the domain "Hope.com" to a Bitcoin education resource page, emphasizing that Bitcoin is the only hope for people.

Comparing Altcoins with Bitcoin is Meaningless

Michael Saylor, the CEO of MicroStrategy, a publicly traded company known for its $425 million investment in Bitcoin, stated in the latest episode of the podcast "What Bitcoin Did" that if the cryptocurrency market is to reach its full potential, investors in altcoins like Ethereum (ETH) and XRP should change their biases and support Bitcoin, rather than treating the cryptocurrency market as a battlefield.

"The entire cryptocurrency community spends a lot of time comparing altcoins to Bitcoin. What they should be doing is discussing the relationship between alternative assets and Bitcoin. They should focus on whether Bitcoin's volatility relative to silver or gold is decreasing, or if Bitcoin's volatility compared to Apple stock is decreasing. But I can find a volatility index for Bitcoin relative to Tron, which is just a joke."

Michael Saylor further explained, saying that "300 trillion dollars" would not choose between Tron and Bitcoin. This 300 trillion dollars represents 99.9% of the world's wealth and power, indicating that most of the funds are not in this circle. If you want to make the entire industry successful, whether you are a supporter of Tron, Ethereum, EOS, Chainlink, Tether, or Ripple, everyone's common goal should be to open a channel between the "cryptocurrency market" pond and the "global assets" ocean and then allow 10 trillion dollars to flow into that pond. The only way people will transfer money from gold, silver, stocks, indices, bonds, or real estate to the cryptocurrency market pond is through Bitcoin.

Bitcoin is hope

Michael Saylor believes that one of the main use cases of Bitcoin is to be the only "hope" for people in times of currency collapse. A recent move by MicroStrategy further validates Michael Saylor's idea. According to a tweet posted by Michael Saylor yesterday (October 17), he wrote:

"In challenging times, #Bitcoin is the hope of billions of people worldwide. Therefore, we have redirected the 'hope' domain to our #Bitcoin education page. Spread the word - #Bitcoin is hope.com"

In these challenging times, #Bitcoin represents hope to billions of people in need of an instrument of economic empowerment. Accordingly, we have redirected the hope domain to the #Bitcoin Education section of our website. Spread the word – #Bitcoin is https://t.co/kZl3k7Tm4h

— Michael Saylor⚡️ (@saylor) October 17, 2020

In the podcast, Michael Saylor pointed out that people south of the Sahara cannot connect with their loved ones by buying Apple stocks, bonds, gold bars, or real estate to avoid being hit by currency devaluation. These assets cannot solve the problems of billions of people worldwide, except for Bitcoin. Michael Saylor concluded:

"In fact, the news I received yesterday was that Bitcoin trading in Turkey hit a historic high, which is significant for the 90 million people in that country."