Microstrategy Inc. CEO (NASDAQ:MSTR) Michael Saylor, a supporter of Bitcoin (CRYPTO: BTC), has emphasized Argentina’s need to embrace the digital currency as a solution to its economic woes. 

What Happened: Saylor responded to a post by Tucker Carlson, former Fox Television Host personality, who embarked on an eye-opening journey to Argentina to caution Americans about the potential perils of "hyperinflation" and "reckless monetary policies." 

The MicroStrategy CEO said, "Tucker travels far to discover why we need Bitcoin".

Hyperinflation and reckless monetary policy could soon devastate the global economy. We traveled to Argentina, where it's already happened," Carlson wrote to Twitter. "For politicians, money is power. They always crave more, but because they don't actually produce anything, they've got limited ways to get it," he said.

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During Q2, MicroStrategy increased its Bitcoin holdings and achieved a minor profit on them. The company acquired 12,800 tokens at a total cost of $361.4 million, with an average price of $28,233.