{"id":568109,"date":"2022-02-26T09:43:40","date_gmt":"2022-02-26T06:43:40","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=568109"},"modified":"2022-02-26T09:43:40","modified_gmt":"2022-02-26T06:43:40","slug":"microstrategy-ceo-wars-create-inflation-making-btc-compelling","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/microstrategy-ceo-wars-create-inflation-making-btc-compelling\/","title":{"rendered":"Microstrategy CEO: Wars Create Inflation Making BTC Compelling"},"content":{"rendered":"<ul>\n<li><strong>Michael Saylor has pointed out that wars create inflation, cripples commerce and make Bitcoin compelling<\/strong><\/li>\n<li><strong>Bitcoin has already proven to be an alternative in Ukraine for its citizens and residents<\/strong><\/li>\n<li><strong>Two Danish reporters in Ukraine bought a car with Bitcoin after ATMs stopped working<\/strong><\/li>\n<li><strong>Over $4 million in digital assets has been donated to aid in the crisis in Ukraine<\/strong><\/li>\n<li><strong>Crypto.com has donated $1 million to the Red Cross to aid in the humanitarian effort<\/strong><\/li>\n<li><strong>FTX had earlier gifted $25 to Ukrainians using the platform<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/en.ethereumworldnews.com\/microstrategy-ceo-i-personally-hodl-17732-bitcoin-btc\/\" target=\"_blank\" rel=\"noopener\">CEO of Microstrategy<\/a>, Michael Saylor, has pointed out that wars create inflation and cripple commerce. According to Mr. Saylor, this in turn makes <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin (BTC)<\/a> compelling as it serves as an alternative to <a href=\"https:\/\/en.ethereumworldnews.com\/tyler-winklevoss-the-fed-has-set-the-stage-for-bitcoin-btc-to-rise\/\" target=\"_blank\" rel=\"noopener\">hedge against<\/a> the said inflation.<\/p>\n<p>Michael Saylor shared his insights on Bitcoin through the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Wars create inflation, cripple commerce, and make <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#bitcoin<\/a> compelling.  <a href=\"https:\/\/t.co\/YksI21FcXS\" rel=\"nofollow\">pic.twitter.com\/YksI21FcXS<\/a><\/p>\n<p>&mdash; Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1496928346894127113?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">February 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>2 Danish Reporters Leaving Ukraine Use Bitcoin to Buy A Car<\/h2>\n<p>One instance of Bitcoin being used as an alternative was documented when two Danish reporters <a href=\"https:\/\/ekstrabladet.dk\/nyheder\/krigogkatastrofer\/maatte-koebe-bil-med-bitcoins\/9146545\" target=\"_blank\" rel=\"nofollow noopener\">used BTC to buy a vehicle<\/a> that they used to drive out of Ukraine. The two reporters, Stefan Weichert and Emil Filtenborg, had to use Bitcoin (BTC) after ATM&#8217;s in Dnipro (central Ukraine) were no longer functional.\u00a0The two gentlemen then decided to purchase a Mazda 3 for 0.059 Bitcoin (BTC).<\/p>\n<p>They explained the situation on the ground as follows:<\/p>\n<blockquote><p>You can see that many people walk around the city to withdraw money.\u00a0The ATMs are down. We have spent the day getting fuel and spare parts for the trip.\u00a0But it was hard to get parts.\u00a0There were no more gas cans left, they are hoarded.<\/p><\/blockquote>\n<h2>Crypto Donations to the Ukraine Crisis, Hit $4 Million<\/h2>\n<p>In terms of assisting the country of Ukraine, the crypto community has <a href=\"https:\/\/www.elliptic.co\/blog\/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military\" target=\"_blank\" rel=\"nofollow noopener\">donated over $4 million<\/a> in digital assets since Russia invaded the country. This amount includes one single Bitcoin (BTC) donation worth $3 million. The donations have been directed towards NGOs and volunteer groups that are doing their best in helping those affected by the conflict.<\/p>\n<h2>Crypto.com Donates $1 Million to the Red Cross<\/h2>\n<p>Earlier today, the CEO of Crypto.com, Kris Marszalek, <a href=\"https:\/\/twitter.com\/Kris_HK\/status\/1497422311498027009\" target=\"_blank\" rel=\"nofollow noopener\">announced<\/a> a $1 million donation by the company to the red Cross. He also urged the crypto community &#8216;to do what they can to support humanitarian efforts.&#8217;<\/p>\n<h2>FTX Gifts $25 to Each Ukrainian Using the Platform<\/h2>\n<p>Early Friday, the CEO of FTX, Sam Bankman-Fried, also announced that the crypto-exchange had gifted $25 to each Ukrainian on the platform. He made the announcement of the gift to Ukrainians on the platform through the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">we just gave $25 to each Ukrainian on FTX<\/p>\n<p>do what you gotta do<\/p>\n<p>&mdash; SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1496980981617946624?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">February 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor has pointed out that wars create inflation, cripples commerce and make Bitcoin compelling Bitcoin has already proven to be an alternative in Ukraine for its citizens and residents Two Danish reporters in Ukraine bought a car with Bitcoin after ATMs stopped working Over $4 million in digital assets has been donated to aid in the crisis in Ukraine Crypto.com has donated $1 million to the Red Cross to aid in the humanitarian effort FTX had earlier gifted $25 [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":567455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[1233,6961,108276],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/568109"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=568109"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/568109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/567455"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=568109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=568109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=568109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}