{"id":80024,"date":"2023-06-11T11:13:48","date_gmt":"2023-06-11T08:13:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80024"},"modified":"2025-09-11T14:21:31","modified_gmt":"2025-09-11T11:21:31","slug":"michael-saylor-says-bitcoin-is-the-best-solution-amid-devaluation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/michael-saylor-says-bitcoin-is-the-best-solution-amid-devaluation\/","title":{"rendered":"Michael Saylor says Bitcoin is the best solution amid devaluation"},"content":{"rendered":"<p>Former MicroStrategy chief Michael Saylor sees Bitcoin as a solution for Turkey amid a devaluing national currency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> represents the best solution for those struggling to survive in an economy with a collapsing currency like the Lira.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1667061454258806785?ref_src=twsrc%5Etfw\">June 9, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin is the best solution for those fighting to survive in an economy with a collapsing currency like the Lira,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>Saylor responded to economist Mohamed El-Erian&#8217;s tweet about Turkey&#8217;s economic problems. According to the latter, local authorities have less willingness and ability to intervene in market developments.<\/p>\n<p>According to the Turkish Statistical Institute, annual inflation in May stood at 39.59%. An inflation research group, consisting of independent economists, estimated the figure at 109.01%.<\/p>\n<p>In November 2022, Saylor <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-sees-bitcoin-as-lebanons-hope\">saw in Bitcoin &#8216;hope&#8217; for Lebanon<\/a>, whose currency had fallen by 96% against the US dollar. At the time CNBC wrote that locals viewed cryptocurrencies as a lifeline. For some, mining replaced full-time work.<\/p>\n<p>Michael Saylor is a well-known proponent of Bitcoin. He calls the first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-bitcoin-is-the-most-reliable-asset-in-a-volatile-world\">the most trusted thing in a volatile world<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-bitcoin-is-a-world-reserve-asset-but-not-a-currency\">a global reserve asset<\/a>.<\/p>\n<p>In May 2023, Saylor <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-argues-bitcoin-can-help-fight-deepfakes\">said<\/a> that Bitcoin would help mitigate AI-generated cybersecurity threats, such as deepfakes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former MicroStrategy head Michael Saylor sees Bitcoin as a solution for Turkey amid a devaluing national currency.<\/p>\n","protected":false},"author":1,"featured_media":80025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1208,1138,920],"class_list":["post-80024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-michael-saylor","tag-opinions","tag-turkey"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80024"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80024\/revisions"}],"predecessor-version":[{"id":80026,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80024\/revisions\/80026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80025"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}