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Bitcoin becomes more compelling because wars create inflation, says the CEO of Microstrategy. He further explained that BTC has proven this in the current scenario of Ukraine and Russia.
The cryptocurrency was created to help people in need and in the current scenario of Ukraine and Russia conflict, this concept is very clear. Many incidents have been witnessed where crypto helped people because ATMs and banks are closed in Ukraine after the invasion. The Crypto community donated more than $4 million to help the Ukrainian army. Crypto exchange, FTX, has also announced to provide $25 to every user from Ukraine.
Bitcoin becomes more compelling because wars create inflation:
Michael Saylor, CEO of the Microstrategy is known for his pro-bitcoin thinking and he has reiterated this. By quoting an interview of CNBC CEO explained that Bitcoin becomes more compelling because wars create inflation and cripple commerce. He reached to his Twitter handle to share these words. Saylor said that Bitcoin becomes more compelling because it has no boundaries.
He further explained that BTC acts as a hedge against inflation which is created by these wars and crisis. In my opinion, the views of the CEO are very true because people have lost their savings due to this crisis. But the people who have their savings in crypto can use any time without being worried about the war.