This Is What Michael Saylor Just Said About Bitcoin - Aug 5, 2021

This Is What Michael Saylor Just Said About Bitcoin - Aug 5, 2021

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In this interview, Michael Saylor highlights the features that distinguish Bitcoin from other kinds of properties. He also talks about how more and more institutions have joined the Bitcoin community. Here is a brief description of the video content:

The human race needs monetary property and property rights. And if you're going to have property, you would like perfected property. Bitcoin is a durable digital type of property, which makes it a macroeconomic solution to the problem of monetary inflation or savings over the long term. On that basis, Bitcoin replaces the mythical gold storage vault as a long-term store of value.

A very interesting feature of Bitcoin is its digital part. That is, you could take a billion dollars of property or building or land or gold or commodities and what have you and dematerialize it to a set of private keys that have no mass or weight and move it at the speed of light. Another thing is that you can program Bitcoin, compress it and put it on a mobile device so that it takes no space.

The above is pretty much the most powerful idea of the 21st century. Great tech companies like Facebook, Apple, Amazon, and Google, are worth trillions of dollars because they digitize and digitally transformed part of our economy via digital relationships, photos, blocks, maps, etc. If you have digital property, it means you can give property to a billion people on a mobile phone device that costs $50. In short, digital property is the basis of the 21st-century economy. And that's why the world needs Bitcoin.

Regarding strategies for investment, one option is to buy the property and hold it for 100 years. That's like buying land in New York City and being a landlord. Another strategy such as trading and generating yield is like being a tenant. MicroStrategy just buys and holds Bitcoin partly because of the accounting, tax, and corporate governance issues that it faces. And that's the strategy that the management of the company has agreed to with its shareholders.

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