Among the experts talking about Bitcoin lately is Michael Saylor, a well-known Bitcoin bull and one of the biggest Bitcoin holders through his company MicroStrategy. Speaking to CNN on Monday, Saylor said that Bitcoin is a salvation for people suffering from rising prices and currency depreciation.

   "Will you stay on a sinking ship or get on a lifeboat and be swept away in a stormy sea?"

Saylor noted that Bitcoin is a lifeboat for those who have a long-term perspective and can focus on the fundamentals.

Michael Saylor microstrategy btc mining

When asked what it takes for BTC to “rebound” and whether regulation is needed for that to happen, Saylor replied, “People are confused and regulation will be constructive because clarity will help the market mature.”

Saylor said, “People are confused about what currency, commodity, security, tokens are,” and said:

   “Once the regulators come along and put an end to this confusion, the industry will be back on track and it will become a mature corporate asset class.”

Changpeng Zhao-1

Saylor was more optimistic, while Changpeng Zhao (CZ), CEO of Binance, the world's largest crypto exchange, took a more realistic approach when asked about the state of the Guardian market. While reminding readers that no one can predict the future, Zhao told the Guardian:

   "I think it will take time to recover, given the price has dropped from an all-time high of $68k to $20,000. It will probably take a few months or a few years."

While $20,000 is seen as "very low" today, according to Binance CEO, that price would have made people very happy if we were in 2018 and 2019.

   "If you look at the bottom of Bitcoin, it's higher than the last peak right now. So whether that's normal or not, I think the industry is still growing and price fluctuations are normal."