MicroStrategy CEO Michael Saylor on his expectations for bitcoin’s trajectory

MicroStrategy CEO Michael Saylor on his expectations for bitcoin’s trajectory

“There’s a $500 trillion monetary planet and the outer layer is currency, then you got stocks, bonds, real estate,”  MicroStrategy CEO Michael Saylor told CNBC’s “Squawk Box” Tuesday. “There’s $10 trillion dollars worth of gold in there, $1 trillion in bitcoin. The bitcoin is going to flip gold and it’s going to subsume the entire gold market cap. Then it’s going to subsume negative yielding sovereign debt and other monetary indexes until it grows to $100 trillion dollars.” Subscribe to CNBC PRO for access to investor and analyst insights on bitcoin and more: https://cnb.cx/2BT2E7y

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