Michael Saylor: Bitcoin will not and should not be a currency in the USA

Michael Saylor, CEO of MicroStrategy, has been an active proponent of Bitcoin since MicroStrategy added it to its balance sheet in August 2020. He said Bitcoin is unlikely to be used as a currency in the United States.

Michael Saylor – CEO of MicroStrategy

Though pro-bitcoin, Saylor talk to Crypto analyst Scott Melker says Bitcoin would be better off viewing it as an asset rather than currency.

“I don’t really think Bitcoin will ever become a currency in the United States. I don’t think so either. I actually think that logically it should be treated as property. It’s like owning a building, a gold bar and a share, it’s property. “

“What Bitcoin does is killing other forms of assets. When you have a million dollars and need to decide whether to buy collectibles, a house, a second home, an ETF, Apple stocks, start a business, buy art, buy a gold bar, or buy bitcoin. It’s a replaceable decision to make. “

Saylor compares Bitcoin to Apple, Amazon and Google and says it is a good choice to bet on significant technological advances.

“If you buy and hold, that’s fine, and at some point in the history of technology you made a mistake selling, right? With a warning, you must buy the winner. You have to buy the market destroyer. You have to buy Facebook, Google, Amazon, Apple, Microsoft. “

So the question is – how long do you have to watch them win before you decide they are the winner? I think 30 years is a bit late. If you have to wait 30 years before picking a winner, you probably won’t get a great return. But you can watch them win for 10 years and buy them and still make a lot of money. “

Teacher

According to Dailyhodl

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