MicroStrategy CEO Michael Saylor Calls Only Bitcoin Truly Scarce

MicroStrategy CEO Michael Saylor Calls Only Bitcoin Truly Scarce

  • Saylor, the dot-com guru famous for his $6 billion loss in a single day.
  • As of February, the corporation had 125,051 bitcoins.

According to crypto enthusiast and MicroStrategy CEO Michael Saylor, only one object in the world is scarce: bitcoin. During an interview on the PBD Podcast, MicroStrategy’s CEO noted that the only scarcity known to mankind is bitcoin, which has a maximum supply of only 21 million tokens.

Saylor said:

“I can create more real estate in New York City. I can create more cars. I can create more luxury watches. I can create more gold. I can create more shares of a stock. I can create more bonds, I can create any commodity; they’re commodities by definition. Given enough money and time, I can create infinite of any of them.”

Long-time Bitcoin Advocate

Bitcoin’s mystery inventor, Satoshi Nakamoto, set a hard restriction on the number of tokens that might ever be mined at 21 million. Furthermore, as the two assets have drifted apart throughout the Ukraine crisis, others have questioned the phrase “digital gold,” which many use to describe bitcoin because of its finite quantity. Also, the word contradicts Saylor’s claim that bitcoin is the only recognized scarcity in the world.

Furthermore, Saylor, the dot-com guru famous for his $6 billion loss in a single day, has been a longtime proponent of bitcoin, advocating its benefits as a hedge against excessive inflation and “freedom money.” Moreover, he previously said that his company’s goal is to buy and hold bitcoin rather than to sell any digital money.

As the most valuable cryptocurrency by market value, MicroStrategy, has decided to include it in its financial statements. Moreover, as of February, the corporation had 125,051 bitcoins, which it purchased for an average price of $30,200 per coin. Saylor’s stockpile is worth almost $5 billion at the current price.

The post has appeared first on thenewscrypto.com

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