Michael Saylor says Bitcoin (BTC) is the only scarce asset

Michael Saylor says Bitcoin (BTC) is the only scarce asset
фото показано с : invezz.com

2022-3-11 17:37

Michael Saylor, MicroStrategy’s CEO, who is a staunch supporter of Bitcoin (BTC/USD), has once again come to support the primary cryptocurrency by outlining the features that make it valuable.

Saylor’s MicroStrategy is one of the largest Bitcoin whales, with more than 120,000 BTC in its holdings. Saylor is also the Bitcoin supporter that referred to Bitcoin as “digital gold”.

Saylor praises Bitcoin’s scarce nature

Bitcoin has a capped supply of 21 million coins. This capped supply is what makes BTC a scarce and valuable asset. When all the 21 million coins are mined, there will be no more Bitcoin ion supply, making it a valuable investment.

This scarce nature has been praised by Bitcoin supporters as to why it makes it a better alternative compared to the fiat system. Bitcoin has been compared to gold over the years, given that gold also has a scarce supply. However, Saylor has proven why Bitcoin is superior to gold.

In an interview with the PBD Podcast, the CEO said that Bitcoin is “magical” as no one can ever create any more Bitcoin until the entire supply of 21 million coins has been mined. He noted that this was not the case with gold and real estate, as more could be added to the existing supply for many years.

“I can create more real estate in New York City. I can create more cars. I can create more luxury watches. I can create more gold. I can create more shares of a stock. I can create more bonds,” Saylor stated.

Bitcoin as digital gold

Saylor has touted Bitcoin as digital gold, and his support for the coin has been supported by other Bitcoin investors. Despite Bitcoin being more volatile than gold, it has recorded a notable gain in value despite being in existence for a few years. Saylor’s MicroStrategy includes Bitcoin in its financial reports.

Saylor has been involved in educating other corporates on how to include BTC in their balance sheets and the benefits that this could generate. The CEO of CryptoQuant had earlier stated that Bitcoin’s narrative as digital gold will hold as long as Saylor does not sell any of his holdings.

The post Michael Saylor says Bitcoin (BTC) is the only scarce asset appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 94785.54 (-0.52%)
Объем 24H $43.292b
Изменеия 24h: -2.35 %, 7d: -9.39 %
Cегодня L: $94782.77 - H: $95637.28
Капитализация $1876.739b Rank 1
Цена в час новости $ 38443.13 (146.56%)

michael btc saylor bitcoin primary cryptocurrency support

Источник: invezz.com

michael btc → Результатов: 126


Фото:

Michael Saylor says BTC is the most disruptive force of the decade

MicroStrategy CEO Michael Saylor has come out to disclose that the company believes in Bitcoin (BTC/USD), and the cryptocurrency is the most transformative force of the decade. He shared the firm’s outlook on the leading crypto by market capitalization during an interview on February 2, adding that MicroStrategy intends to continue to acquire and HODL […] The post Michael Saylor says BTC is the most disruptive force of the decade appeared first on Invezz.

2022-2-5 15:57


Фото:

Мошенники под видом CEO MicroStrategy выманили у пользователя более $1,1 млн

Владельцы фейкового YouTube-канала главы MicroStrategy Майкла Сэйлора выманили у неизвестного пользователя 26 BTC (более $1,1 млн), согласно боту Whale Alert. 🚔 A payment of 26 #BTC (1,124,191 USD) was just made to a confirmed Michael Saylor Giveaway scam!https://t.

2022-1-18 18:13


MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO

MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no sign of stopping anytime soon according to CEO Michael Saylor.

2021-10-30 20:00


Фото:

Osprey Funds’ Greg King: Bitcoin (BTC) continues to steamroll forward

Greg King, the CEO of Osprey Funds, recently spoke about the current state of Bitcoin (BTC/USD) and crypto for ETF Edge, alongside Grayscale’s own CEO, Michael Sonnenshein. King, who was participating in the interview from the Bitcoin conference held in Miami, noted that there is a lot of excitement, which is interesting to see after […] The post Osprey Funds’ Greg King: Bitcoin (BTC) continues to steamroll forward appeared first on Invezz.

2021-6-9 14:26


Фото:

Майкл Сейлор: «я контролирую 111 000 BTC и не продал ни сатоши»

Генеральный директор компании MicroStrategy Майкл Сейлор (Michael Saylor) заявил, что «имеет доступ» к 111 000 BTC и не собирается продавать свои запасы.

2021-5-20 10:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Drops Below $100,000: The End Or Beginning Of The Crypto Bull Market?

Bitcoin, the titan of the cryptocurrency world with a market cap hovering around $1. 9 trillion, has experienced a significant downturn, dipping below the psychological threshold of $100,000. This flash dump, occurring over just three days, has left many investors and analysts questioning whether this marks the end of the current bull market or signals a healthy correction within an ongoing bullish trend.

ASIC Targets Binance Australia Over Landmark Case In Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.

UAE’s Bitcoin Holdings Soar To $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

UAE’s Bitcoin Holdings Soar to $40 Billion As Bull Season Continues

The United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion, marking a significant milestone in the country’s cryptocurrency journey. This investment surge aligns with a global bull market that has reignited interest in digital assets.

ASIC Targets Binance Australia Over Groundbreaking Case in Crypto Regulation

The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations.