Home
News
• Bitcoin is the apex property of the human race.
•Bitcoin has the highest value use of intermittent energy, renewable energy, wasted or stranded energy.
• Saylor says if a dollar is put on bitcoin, a profit of $200 may be generated. However, if $1 is invested in the case of Google, the generated profit may be $10.
Michael Saylor is the CEO of the financial firm MicroStrategy. He is extremely bullish on Bitcoin and thinks that it may enhance the health and prosperity of both the US and the entire world. Back in February 2021, the CEO hosted a “Bitcoin for Corporations” conference. The main aim of the meeting was to explain the benefit of Bitcoin for their portfolios to other corporate executives. In the Bitcoin Miami Conference 2021, Michael Saylor and Max Keiser discuss Bitcoin and its different aspects.
Bitcoin Doesn’t Impair Buyers of Custodial Rights.
Saylor believes that Bitcoin is the apex property of the human race. He believes that people who want to invest in something always have a choice. People can buy properties, but the government will tax them; people can choose to purchase gold, but someone may take it away from them. In such times, Bitcoin acts as a saviour. He believes that for the first time, a property was created of which we can take full possession along with every custodial right. When it comes to gold, silver, property or even stocks, buyers are often impaired by custodial rights. However, with bitcoin, property rights can be granted to 8 billion people, which, according to Saylor, is pretty cool.
Bitcoin is a Safe and Reliable Asset, Says Saylor
Recently, we have encountered a lot of fuss regarding the energy that is consumed while mining bitcoin. Saylor says that Bitcoin has the highest value of intermittent energy, renewable energy, wasted or stranded energy. It may be a potential solution to developing power plants in remote locations and escalating the efficiency of plants. Saylor believes that once people can see the disruptive technology of bitcoin, people will embrace it.
Comparing Bitcoin with Google stocks, he says that a profit of $200 may be generated if a dollar is put on bitcoin. However, if $1 is invested in the case of Google, the generated profit may be $10. Bitcoin is 20 times more efficient than Google and 50 times more efficient than other company stocks. When asked about his views on bitcoin as an escape hatch, he thinks bitcoin is a haven. Bitcoin, according to him, is the safest and most reliable asset in the entire economic universe.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
