bitcoin frequently brought up with the Michael Saylor, CEO of MicroStrategy, On March 14, he met with members of the Economic Club of New York.
Bitcoin’s Limited Supply Puts BTC One Step Ahead!
Talking about the leading cryptocurrency Bitcoin, Saylor said, of BTC He once again underlined that it is a hedging instrument from rapidly and sharply rising inflation.
“Bitcoin, the world’s leading digital currency, is a hedge against inflation and a store of value, especially under current conditions.”
Most economists Bitcoin Saylor, who said that he was slow to adopt, stated that they questioned that BTC is a hedge against high inflation and a store of value.
Stating that economists made a mistake with these inquiries, Bitcoin evangelist Michael Saylor Emphasizing the limited supply of Bitcoin, that it’s better than gold and real estate and because of its limited supply of BTC argued that it is preferred more than commodities or securities.
The famous CEO stated that the main problem with gold, which is traditionally accepted as a means of protection from inflation, is that it cannot be developed and rented as in real estate. Bitcoin compared to real estate.
“Actually, real estate is a better idea. If your grandparents are smart enough to buy real estate in New York City and are still in the family, you’re probably fine.”
Bitcoin Is The Best Option!
In case of political or geopolitical tension between countries Bitcoin offers superior protection than gold and real estate. Claiming that, Michael Saylor stated that BTC is staking and portable.
“What if there is a war and you currently have a building in Kiev or Moscow?
Where can you go if your goods are not safe outside your country and your country is not safe? The answer is cyberspace. Bitcoin is the American dream.”
Finally, Saylor advised investors to consider all the options before them.If I took the entire business school education and crammed it into one sentence, that ‘keep all your options open’ would be” said.
*Not investment advice.