Michael Saylor talks about 10 things that have to happen over the next decade to make bitcoin a better and stronger asset.
In a recent interview with Bloomberg, Michael Saylor, CEO of the pro-bitcoin software analytics firm MicroStrategy, discussed 10 steps he thinks will make bitcoin a more stronger asset.
My @BloombergTV discussion with @emilychangtv includes a post-mortem on @MicroStrategy’s #Bitcoin Strategy and a review of the top ten hurdles that the industry must overcome as it crosses the chasm and achieves mainstream adoption. pic.twitter.com/Ujid4m1pxe
In the interview, Saylor said, "There’s about 10 things that have to happen over the next decade to make it [bitcoin] a better asset, and we kind of know what those 10 things are.
The lack of a no wash-trading rule, which enables traders to harvest loss and gain in a way that is not possible with conventional stocks markets, is the first issue on the CEO's list of problems that need to be solved.
Saylor then brought up the issues with the 520 unregistered and unregulated cryptocurrency exchanges that offer 20x leverage, frequently resulting in vulnerable investors suffe...