Reserve

Jerome Powell

Bitcoin

Strong

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<ul> 
 <li>MicroStrategy CEO Michael Saylor referred to Bitcoin as “crypto gold created with perfect engineering,” emphasizing its potential as a store of value and protection against inflation.</li> 
 <li>Saylor explained this by comparing Bitcoin to other assets, saying, “Bitcoin helps you take your property out of the country and rent it to people in countries where inflation isn’t a problem.”</li> 
 <li>Expanding his views on Bitcoin, Saylor highlighted its scarcity and durability, positively comparing it to traditional assets like gold.</li> 
</ul> 
<p><strong>MicroStrategy’s CEO Michael Saylor explained why he has such strong belief in Bitcoin: Traditional investment instruments may no longer be reliable!</strong></p> 
<h2 id="strong-michael-saylor-s-strong-belief-in-bitcoin-strong"><strong>Michael Saylor’s Strong Belief in Bitcoin</strong></h2> 
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-127931" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="microstrategy" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/microstrategy.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>In a financial landscape dominated by global inflation concerns and changes in monetary policies, MicroStrategy CEO Michael Saylor referred to Bitcoin as “crypto gold created with perfect engineering,” highlighting its potential as a store of value and protection against inflation.</p> 
<p>Saylor made these remarks during a podcast discussion on Tuesday, where he addressed the challenges traditional investment strategies face during times of economic uncertainty. The Bitcoin maximalist CEO started by focusing on how the dynamics of money have changed, the possibility of wealth erosion, and the impact on his company’s employees.</p> 
<p>With rising inflation concerns and central banks considering raising interest rates, Saylor stated that traditional investment instruments like bonds are no longer reliable.</p> 
<p>Saylor said, “I started going down the journey of what is money, started thinking about what money is, and when you realize that you’re going to lose all your money and destroy the livelihoods of all your employees… when Jerome Powell says he’s thinking about raising interest rates, you realize that your strategy of investing in bonds is broken.”</p> 
<h2 id="strong-why-bitcoin-strong"><strong>Why Bitcoin?</strong></h2> 
<p>Saylor then pointed out the two fundamental problems associated with holding stocks as a store of value. First, the inadequacy of supply in stocks, the fact that additional shares can be issued and dilute their value. Second, he noted that stocks are subject to political and market dynamics that can affect their long-term sustainability.</p> 
<p>MicroStrategy’s CEO explained this by comparing it to Bitcoin, saying, “Bitcoin helps you take your property out of the country and rent it to people in countries where inflation isn’t a problem.” He also described Bitcoin as a “digital property” that can immediately transcend borders and has unique qualities such as immutability, divisibility, and resistance to decay.</p> 
<p>Saylor expanded his views on Bitcoin, emphasizing its rarity and durability, and comparing it positively to traditional assets like gold. He highlighted its weightlessness, fast transferability, and resistance to decay. Saylor said, “Bitcoin is crypto gold created with perfect engineering, which doesn’t have all the flaws of gold.”</p> 
<p>Saylor’s remarks underscore his belief in Bitcoin’s potential as a financial asset, following his earlier expression of concerns about the Federal Reserve and its actions earlier this year.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/why-does-microstrategys-ceo-michael-saylor-believe-in-bitcoin/">Why Does MicroStrategy’s CEO Michael Saylor Believe in Bitcoin?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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Why Does MicroStrategy’s CEO Michael Saylor Believe in Bitcoin?

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