Michael Saylor Supports Bitcoin as a Valuable Asset in the Digital Space


Michael Saylor the CEO of MicroStrategy Inc. stated that Bitcoin (BTC) is a better tool for trade compared to the use of other physical instruments.

BTC2.jpg

He highlighted the challenges that come with physical commodities like gold, stocks, and real estate properties. 

 

According to reports from the Australian Crypto Convention. Saylor highlighted the negative experiences that come with owning a physical property such as high increments in taxes associated with their usage, unlike bitcoin. He is of the opinion that the use of bitcoin will reduce the high taxes rate for consumers. Bitcoin has been so secured for so many years now and is always a secured cryptocurrency 

 

He talked about how physical commodities can’t be moved beyond boundaries adding; “If you have a property in Africa, no one’s gonna want to rent it from you if they live in London. But if you have a billion dollars of Bitcoin, you can loan it or rent it to anybody in the world.”

 

Saylor highlighted that bitcoin can be carried from place to place, even the smallest piece of it, and can be passed down to children up to the fourth generation going to about 250 years. He also made it known that the only product that can’t be taxed is bitcoin.

 

Bitcoin’s Potentials in the Digital Economy

 

In a related interview, Saylor said he was clueless about Bitcoin’s potential until 2020 and wasn’t even thinking of investing in it however this view changed when he saw the persuasive wealth of bitcoin to gold. 

 

Bitcoin is better than gold due to analysis pointed out by his firm, considering government debts, stock derivatives, and precious metals.

 

“The return of gold is nothing compared to crypto and in the digital world bitcoin is that currency,” says Michael Saylor.

 

According to survey results made available by Mizuho Securities Co. Ltd., a sizable portion of US citizens may be planning to invest around 10% of the most recent batch of direct stimulus checks on Bitcoin and stocks.

 

Many who consider Saylor as a persuasive innovator may be moved to inject funds into Bitcoin per his prompting.

Image source: Shutterstock



Credit: Source link

Discover

19,463FansLike
232,230FollowersFollow
77,985FollowersFollow
13,834FollowersFollow
2,920SubscribersSubscribe

Sponsor

spot_imgspot_img

Latest

How I Feel About Kody’s Wife Robyn

Gwendlyn Brown and Robyn Brown. Youtube, Courtesy Robyn Brown/Instagram Honesty zone! Christine Brown and Kody Brown‘s daughter Gwendlyn Brown shared her unfiltered reaction...

L’Oréal invests in micro-printing company Prinker Korea

Translated by Cassidy STEPHENS Published Jan 9, 2023 The Consumer Electronic Show, the high-tech trade show in Las Vegas, came to a close on January 8. L'Oréal,...

On February 17th, You Can Catch Paul Rudd, Evangeline Lilly, Michelle Pfeiffer, And Michael Douglas In Ant-Man And The Wasp: Quantum Mania

The first trailer for Ant-Man and the Wasp: Quantumania was released by Marvel Studios...

This Reusable Eye Mask Is Part of Hailey Bieber’s Skin-Care “Ritual”

From her IG story product recommendations to launching her own now super viral skin-care line, Hailey Bieber has quickly become one of...

Kanye West Discussed The Schooling Of His Children In An Interview With Tucker Carlson

The second round of the Heartless rapper interview with Tucker Carlson was shown on...
en English
X