MicroStrategy CEO Michael Saylor on his expectations for bitcoin's trajectory

“There is a $500 trillion financial planet and the outer layer is forex, then you definitely received shares, bonds, actual property,”  MicroStrategy CEO Michael Saylor instructed CNBC’s “Squawk Field” Tuesday. “There’s $10 trillion {dollars} value of gold in there, $1 trillion in bitcoin. The bitcoin goes to flip gold and it’ll subsume the whole gold market cap. Then it’ll subsume adverse yielding sovereign debt and different financial indexes till it grows to $100 trillion {dollars}.” Subscribe to CNBC PRO for entry to investor and analyst insights on bitcoin and extra: https://cnb.cx/2BT2E7y

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