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Home Crypto Bitcoin

MicroStrategy’s funder defends the value of bitcoin

by Indrajeet Giram
December 5, 2022
in Bitcoin, Blockchain, Business, Crypto, Crypto Exchanges, Crypto Regulation, Markets, Price Analysis, Startups, Stories, World
Reading Time: 2 mins read
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Crypto funder MicroStrategy defends the value of bitcoin

Crypto funder MicroStrategy defends the value of bitcoin

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Michael Saylor who is a Founder of the cryptocurrency exchange platform MicroStrategy in his recent tweet mentioned that there is no fierce force on this earth that will be able to stop the prices or the valuation of cryptocurrency Bitcoin soon or in the present volatile conditions of the crypto market.

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Saylor in his recent tweet shared the screenshot of the graphs of all the graphs shared by Hootsuite which is a social media marketing and management tool. With these graphs and details, Saylor showcased all the Global usage values and market of the cryptocurrency Bitcoin on a global level.

What is the view of MicroStrategy’s founder on bitcoin’s future?

Saylor Shared this report from a global survey which has been conducted by market research firm GWI in a recent October quarter of 2022. GWI conducted this survey from a global internet usage of users from the age of 16 to 64 as a part of market research of the company for cryptocurrency between usage on a global level.

This global usage of cryptocurrency Bitcoin graph showed that the Asian country Turkey is considered to be having the greatest percentage of internet users in the crypto space approximately 25% of the total residents of the country.

After Turkey the Latin American country Argentina is considered to be the second country in the world with more internet users from its total population. Out of the total population of Argentina, approximately 25% population is having the access to the internet. Amongst these internet users, approximately one-sixth of the population is having the access to the cryptocurrency market.

Crypto funder MicroStrategy defends the value of bitcoin
source : dailyadvent.com

The third country in the chart after Turkey and Argentina is the Philippines of which 23% of citizens are having the access to the cryptocurrency market.

After these countries, the next country in the ranking is South Africa of which 22% population is having the access to the cryptocurrency market followed by the Southeast Asian country Thailand with a similar percentage of the population that is 22% is having that cryptocurrency market. 

The next countries in the chart are Indonesia and Brazil whose approximately 20% of citizens are having access to the cryptocurrency market. Some other competitive countries like the Netherlands, India, the US, Canada, and the UK are having considerably lesser exposure to the Crypto industry and these countries are having approximately 18% 17% 15%, 13%, and 10% ownership in the Cryptocurrency market respectively.

The country has the least acceptance of crypto-currency are China and Russia in which only 5% and 3% of the total population owns Crypto assets.

Tags: # crypto amendment#CryptobitcoincryptocurrencyEthereumfundingInvestmentMarketsMichael SaylorMicrostrategy CEO
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Indrajeet Giram

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