The CEO told CNBC’s Squawk Box segment that BTC would be the savings method of choice for about one billion people on a mobile device within five years.
He added that bitcoin isn’t really for spending, but more of a savings tool where people can store value akin to a savings account.
“We’re going to see a day when 7-8 billion people have a bar of digital gold on their phone, and they’re using it to store their life savings with it,” Saylor predicted.