It should be noted that there has been a lot of positivity about Bitcoin lately. For example, Canadian millionaire Kevin O’Leary mentioned the first cryptocurrency in the middle of the month. He believes that Bitcoin has become too popular an asset around the world. Consequently, this makes it impossible for the cryptocurrency to crash to zero.

In other words, even in case of sharp collapse of the BTC there will be those who want to buy it – well, this will keep the rate and allow it to go to the growth stage. Read more about the expert’s point of view in a separate article.

Bitcoin’s advantages

Mullers is a longtime fan of the crypto industry, and this isn’t the first time he’s expressed his favor for the prospects of digital assets. In his latest interview, the Strike executive voiced the following quote, cited by CryptoPotato.

Using Bitcoin as a payment network is superior to payment cards, banking or money transfer platforms like Western Union.


It should be noted that sometimes users do not consider Bitcoin as an efficient means of payment because of relatively high transaction fees. However, this situation is changing for the better: on Sunday, a BTC transfer on the cryptocurrency's main network cost the equivalent of $1.04, the lowest since July 2020. We have described the reasons for the gradual decrease in the cost of transfers in a separate result.

And if a dollar per transaction seems expensive, you can also use the Lightning network, where transfers cost pennies. In addition, more advanced cryptocurrency users can always experiment with other blockchains like Avalanche or Solana. They feature near-instant transaction speeds and low fees.

Graph of average Bitcoin network fees over the past year

He also explained that payment networks must seamlessly facilitate the transfer of value from point A to point B in order to be called efficient. Of all the transaction tools Mallers mentioned, only Bitcoin “can do that”. True, the cryptocurrency itself still has a capital-accumulation aspect that many investors actively use.

Mullers believes Bitcoin is comparable to the potential of the internet because of its features.

I can get into the internet because it is inclusive – that is, open to everyone. The internet is rife with innovation because anyone can use it and create new solutions based on it.

Strike CEO Jack Mullers

Jack also commented on the topic of recognizing Bitcoin as the official means of payment in El Salvador on September 7, 2021. Moreover, the expert was surprised by the initiative. He thinks that El Salvador as a “developing country” flew ahead in time by as much as a hundred years because of its decision.

It seems as if they took steroids or simply jumped into the future. How was it done? They just jumped on the Bitcoin wagon. That’s the best thing I’ve ever seen, isn’t it?

Meanwhile, former Twitter CEO and Bitcoin aficionado Jack Dorsey has claimed a lot of flaws in Etherium. According to him, the altcoin blockchain has “a lot of weaknesses”. At the same time, projects based on Eth are simply not interesting to him.

As we've already noted, Dorsey is a so-called Bitcoin-maximalist - someone who recognises the benefits of only the major cryptocurrency. According to Decrypt, Dorsey makes no secret of his position and actively advocates for the popularisation of BTC.

However, this comment is at odds with Jack’s actual actions. A year ago, he was “not shy” to take part in the NFT trend revolution. To recall, he sold his first tweet for $2.9 million as a unique token, and used the Etherium network for that – yet BTC is not compatible with NFT-tokens and the full-fledged sphere of decentralized finance.

Bidding for Dorsey’s first NFT tweet


We believe that Mullers' positive arguments in favour of Bitcoin can be extended to all popular cryptocurrencies. After all, they allow users to fully own and manage their own assets - and that's a great alternative for banks, whose actions are already causing serious inflation-type changes. So there are more than enough reasons to get involved with crypto right now.

What do you think about it? Share your opinion in our Millionaire Crypto Chat. There we will discuss other important developments from the world of blockchain and decentralized finance.