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For your information, you can find below the description of the video "The Crypto and Fiat Banks Are Corrupt" | Michael Saylor published by the Youtube channel Only The SAVVY:
Amidst the FTX Fallout, Bitcoin has remained relatively stable, as it currently trades for $16,786.23, down 18.9% in the past 7 days, but up 4.9% in the past 24 hours. Bitcoin’s biggest advocate, Michael Saylor took to Yahoo! Finance to express his dismay for Sam Bankman-Fried and FTX, not mincing words, comparing the FTX CEO to that of Jordan Belfort, one of the more famous financial swindlers in recent history, whose story was portrayed in Hollywood by Leonardo DiCaprio. Belfort ultimately served 22 months in Federal prison after pleading guilty to fraud and other related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam. Saylor reiterated his stance that the meme tokens and unregistered securities that are artificially propped up, ‘must go’ if the cryptocurrency industry wants to be viewed as a viable asset in the eyes of institutional investors. But after the dust settles with the FTX debacle, Saylor believes this will be good for Bitcoin, as many people will become educated in seeing the difference between Bitcoin and other cryptocurrencies.
Michael J. Saylor is an American entrepreneur and business executive. He is the executive chairman and co-founder of MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services. Saylor served as MicroStrategy's chief executive officer from 1989 to 2022. In 2020, Saylor adopted the Bitcoin strategy when MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin.
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"The Crypto and Fiat Banks Are Corrupt" | Michael Saylor