Michael Saylor is doubling down on his belief that itcoin">Bitcoin will usurp gold’s longtime role as the world’s preeminent store of value asset. In a recent interview, Saylor stated emphatically that itcoin">Bitcoin is vastly superior to gold and will inevitably “eat” its market share in the months and years ahead.
According to Saylor, itcoin">Bitcoin holds several critical advantages over gold that will drive this flipping of the precious metal. Chief among them is itcoin">Bitcoin’s digitally transferable nature, allowing near-instant and seamless cross-border transactions – something physically cumbersome gold could never achieve. itcoin">Bitcoin is essentially “teleportable digital gold,” in his words.
The MicroStrategy executive also touted itcoin">Bitcoin’s unmatched 24/7/365 trading capabilities and borderless nature. Traditional assets like stocks and real estate are confined to limited trading hours and geographic jurisdictions. But itcoin">Bitcoin can be freely traded and spent any day, any time, anywhere globally with just an internet connection.
Saylor’s conviction is backed up by MicroStrategy’s massive $820 million itcoin">Bitcoin purchase this past weekend – a move that simply wouldn’t have been possible with legacy asset classes limited by banking holidays and market closures.
As the battle between itcoin">Bitcoin and gold escalates, Saylor believes the former’s technological superiority and advancing mainstream adoption and integration with major financial institutions like BlackRock will ultimately lead to it dethroning gold’s multi-millennial reign. A changing of the guard appears imminent in Saylor’s eyes.
