Microstrategy CEO advises Nigeria and Zimbabwe to adopt bitcoin standards, says BTC ‘Kingmaker’ – featured Bitcoin News

Michael Siller, chief executive of Microstrategy, suggested that Nigeria and Zimbabwe issue their currencies that are backed by Bitcoin if they want to fix their economies. He speculated that using the Bitcoin standard would end starvation and enable citizens of both countries to lead a better life.

The national currency supported by Bitcoin

A Video In the clip where he claims that the Bitcoin network cannot scale, Sailor suggests that if Nigeria and Zimbabwe bought Bitcoin worth 2-3 2-3 billion, they could better end the currency problems they are currently facing. Sailor explained:

Do you want to fix your country like Nigeria or Zimbabwe? The way you fix your country is you buy য়ে 2 billion, $ 3 billion worth of bitcoin and you issue coins supported by bitcoin. This is the value of Bitcoin. And every one of your citizens is starving. And they live a decent life.

Bitcoin as ‘Kingmaker’

Before mentioning Nigeria and Zimbabwe, Sayler, whose company now holds more than 114,000 bitcoins, identifies Turkey as another country that could buy bitcoins and use them to get back the lira currency. According to Sayler, if Turkey buys ৫ 5 billion worth of bitcoin and keeps it for the next five years, it could strengthen the lira currency.

Despite Sailor’s persistent advice, only one country, El Salvador, seems to have heeded the advice. Many other countries, including Nigeria, have chosen to create their own digital currency instead which they hope will reduce the appeal of Bitcoin.

However, in the same video, Sailor insists that this will happen and that it will prove that Bitcoin is a “kingmaker”.

Do you agree with Sailor’s feelings on Bitcoin? Let us know what you think in the comments section below.

Image credit: Shutterstock, Pixabay, WikiCommons

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