MicroStrategy CEO on Ukraine crisis & people using bitcoin

Micheal Saylor noted how Bitcoin is doing better against the current crisis in Ukraine due to the Russian military attack. 

Micheal Saylor is a bitcoin believer and his business intelligence firm Microstrategy is continuously adding Bitcoin on its balance sheet as a reserved fund.  Michael always remains aware of how they can push the adoption of Bitcoin in the world in different sectors easily. 

On 25 February, Micheal Saylor, CEO of Microstrategy, wrote on Twitter on the current geopolitical situations of Russia vs Ukraine and stated that the current situation is creating huge inflation and further this situation is making bitcoin compelling. 

Wars create inflation, cripple commerce, and make #bitcoin compelling. pic.twitter.com/YksI21FcXS

— Michael Saylor (@saylor) February 24, 2022

This tweet by Michael was a good hint about how war situations are giving negative results to the global economy. 

Bitcoin is more useful than fiat in Ukraine 

The whole world knows very well about the current situation of Ukraine, where e-Money digital cash services are restricted and also the majority of the ATMs are restricted. Overall we can say that a person who is holding his money in hand in the form of cash is rich and others are poor, no matter how rich they are. 

A recent story of 2 Danish Reporters showed a mirror of how the traditional financial system failed against the war situations.  They were unable to use ATMs machines (fiat currency system). In the past, they purchased a car using the Bitcoin payment. 

Those two guys explained: 

“You can see that many people walk around the city to withdraw money. The ATMs are down. We have spent the day getting fuel and spare parts for the trip. But it was hard to get parts. There were no more gas cans left, they are hoarded.”

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