Michael Saylor Compares Bitcoin and CBDCs! “BTC Is The Ultimate Currency!”

Founder of MicroStrategy and Bitcoin (BTC) maximalist Michael Saylor He remains an advocate of BTC.

The famous name shared on his Twitter account. BTC’He said that the coin is superior to all other digital currencies.

Central bank digital currencies (CBDC) Saylor, who defends Bitcoin against BTCHe cited an article in which he outlined why CBDCs are superior.

CBDCStating that ‘s are unstable, Michael Saylor said that CBDCs are doomed to fail in this context.

bitcoinEmphasizing that Bitcoin is better due to its relationship with supply, time and energy, MicroStrategy founder Saylor claimed that Bitcoin is superior to digital currencies issued by authorities such as central banks.

“I believe that digital currencies issued by the authorities are unstable and are doomed to fail.

I think Bitcoin is superior to CBDCs because of its connection with scarcity, time and energy and is successful as the best form of money.

In this context, I am sharing a comprehensive article on why BTC is superior to CBDCs.”

A comprehensive thesis by @dergigi explaining why virtual currencies issued by authorities are unstable and certain to fail, and why #Bitcoin is superior due to its linkage to scarce time & energy, and destined to succeed as the best form of money.https://t.co/tJTNMEgrQu

— Michael Saylor⚡️ (@saylor) October 9, 2022

to Saylor bitcoin‘s connection to scarcity, time and energy makes BTC better and superior to any central bank digital currency.

In Saylor’s article, CBDCIt was stated that ‘s are likely to fail in the future due to centralization.

The article cited three reasons why CBDCs would fail: First, it showed that in the CBDC system, administrators could abuse their power and print more money.

Secondly, it was shown that cheap ways to increase the money supply could be found, and lastly, the countries, regions or companies in which CBDC systems were in place could come to an end.