Please read this article to the very end in order to have confidence on Bitcoin investment 🎯✍️
I sat down with Microstrategy CEO Michael Saylor yesterday for a 2 2-hour conversation.
There were interesting points discussed throughout our time together, but one in particular appears to have caught people’s attention.
Michael shared his belief that Bitcoin and the US dollar will continue to rise in prominence together.
They will both expand their global adoption, while simultaneously becoming more and more valuable to people around the world.
His perspective boiled down to a few key points:
Bitcoin is an excellent store of value today, but it remains difficult to use as a medium of exchange (volatility, user experience, tax treatment, etc).
The US dollar is the most sought-after currency in the world. If someone is living in a country where their currency is failing, these individuals want the ability to use dollars to settle transactions.
Corporations have internal systems that are all centered around using the dollar as the unit of account. It is one thing to purchase Bitcoin on a balance sheet, but it is a completely different and more difficult task to change the reserve currency or unit of account for a business, regardless of whether they are public or private.
The complete failure of the US dollar would be catastrophic for hundreds of millions, if not billions, of people around the world. The fall of a global reserve currency would be painful and unnecessary.
Each of these points hahaserit in my opinion.
They arcantand on their own and make a compelling case for Bitcoin and the US dollar to coexist.
But what Michael Saylor said next is the piece that the Bitcoin community seems to be most intrigued by.
He explicitly called out a war on gold.
Read what he said again:
“If I had one request from the Bitcoin community, my request would be - focus your guns on gold.
Ultimately, gold is being de-monetized.
This is not speculation on the part of Michael Saylor.
You have all the stats.
It has been de-monetized for the past decade.
It doesn’t have a country.
It doesn’t have an army.
It doesn’t collect taxes.
There is not a single person on earth who is going to lie down in front of a tank to protect the nation of gold.
And yet, gold is the enemy.
Because gold is a dumb rock.
You can’t mortgage your gold.
You can’t leave your gold. It is hard to rent your gold.
Or license it.
Or develop it further.
Gold is not big tech.
You can’t put gold on your iPhone.
Two things should succeed and grow — the US dollar, if you live in the United States and believe in Western values and freedom and justice, and Western law and the progressive movement.
You want the US dollar to grow.
Instead of saying that the dollar is a problem statement, instead, say that if you live in Africa and Asia then you would give your left arm to trade in dollars.
So the dollar should expand on Lightning rails and bitcoin should expand and they go together.
And we all win.
We all win.
The world is a better place.
Every company, everyone wins.”
This perspective may be counter to the current narrative but it is worth thinking more deeply about(shared as rereceivedive)