Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

MicroStrategy’s Michael Saylor Says China Crypto Ban ‘Largely Irrelevant’ for Bitcoin – Here’s Why

by Daily Hodl Staff
September 28, 2021
in Bitcoin, Regulators

Michael Saylor isn’t concerned about China’s latest wave of Bitcoin and crypto bans.

The MicroStrategy chief executive tells Bill Barhydt, the CEO of crypto wealth management firm Abra, in a new interview that he was an early shareholder in Google, Facebook, and Twitter. He says he didn’t let Chinese regulations bother him back then and doesn’t plan to now.

“If you had dumped the shares of Google, Facebook and Twitter in 2010 because you heard that China was going to ban it, you would’ve lost obscene amounts of money. Trillions of dollars have been made on technologies banned by China. I think that what China does is largely irrelevant here, and of course, it’s kind of getting to be laughable because like every quarter for the last five, six, seven years, there’s been a China banning thing.”

Last week, China announced it was banning virtually all activity related to the cryptocurrency industry.

In a document co-signed by numerous state institutions, the Chinese government cited fraud and other illegal activities it associates with crypto as rationale for the crackdown.

Saylor says he isn’t concerned about the move’s impact on BTC’s price over the long term. However, he also says if investors aren’t willing to hold Bitcoin for a decade then they shouldn’t hold it for 10 minutes.

By contrast, he thinks the US approach to the biggest cryptocurrency is largely positive.

“I actually think that if you look at every statement by a central banker or by regulators, they’re pretty clear: Bitcoin is property. Bitcoin is [a] commodity… I haven’t seen any regulator actually debate that Bitcoin is a digital store of value… 

I think that regulation is coming to securities, and it’s regulation related to [whether you’re] abiding by securities laws, [whether you’re] abiding by tax laws, and that kind of compliance will continue. But digital property in the form of Bitcoin isn’t really disputed by anybody. If you looked at the Senate hearings that they had last week, there was broad-based consensus. Every single senator, their body language, and what they said indicated that they’re supportive of Bitcoin and the crypto industry in general. Everybody just wants it to be regulated appropriately, and I think the regulators have agreed.”

I

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/andreiuc88

Submit a Press Release

Industry Announcements

  • Cantina Royale Taps Elrond Apes To Boost Its In-Game Cross Chain NFT Collections
    June 28, 2022
  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
  • NFTs Accessible to All With Launch of Fiat-Focused SIMBA Market
    June 23, 2022
  • Korea Blockchain Week To Hold First Live Event in Seoul After Covid Hiatus
    June 23, 2022
  • CoinLoan Partners With Elliptic To Provide Crypto Users With Top-Notch Security
    June 22, 2022
  • Gate.io – The Crypto Winter Is a Good Time To Accelerate Web 3.0
    June 21, 2022
  • How the Earliest Soulbound Use Case Creates Real Web 3.0 Heroes
    June 21, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,179.00
$20,179.00
2.85%
Ethereum
$1,134.25
$1,134.25
4.49%
Cardano
$0.470385
$0.470385
2.84%
XRP
$0.335423
$0.335423
3.15%
Dogecoin
$0.065683
$0.065683
7.32%

Spotlight

  • Biggest Ethereum Whales Flock to Apecoin, PAX Gold, Stablecoins and Three More Altcoins: On-Chain Data
    June 21, 2022
  • Tether To Work With UK Regulators for Launch of New Stablecoin Pegged to British Pound
    June 23, 2022
  • Top Crypto Analyst Turns Skeptical on Big Bitcoin (BTC) Price Predictions for 2023 – Here’s Why
    June 26, 2022
  • Crypto Mom Commissioner Hester Peirce on Target – Again
    June 21, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl