Michael Saylor tells Austin Davis that Bitcoin is a 'masterpiece of monetary engineering'
In an article published by Coin telegraph, Michael Saylor tells Austin Davis that the financial and economic narratives surrounding Bitcoin (BTC) barely scratch the surface of what makes the digital asset so unique, according to the CEO of MicroStrategy.
In an exclusive interview with Austin Davis for Coin telegraph, Saylor calls Bitcoin “a masterpiece of monetary engineering,” and one that will likely go down in history as the world’s “first engineered monetary network.”
Michael Saylor says: “Once you understand money is monetary energy and you understand Bitcoin is a monetary energy network, then you start to appreciate the fact that it either does or does not respect the laws of thermodynamics. If it doesn’t, it means it has a leak.”
That “leak,” Saylor says, is inflation, something Bitcoin has been mathematically designed to resist.
Bitcoin has become an $850 billion asset following its latest price surge, but that’s only the beginning of its market impact, according to Saylor. He explains why Bitcoin will eventually “subsume gold” to become a $10 trillion asset before reaching $20, $30, $50 and even $100 trillion in value. At that point, Bitcoin will be the “core of the monetary planet.”!
Saylor recently pitched Bitcoin to 1,400 corporate executives, where he discussed strategies for incorporating the digital asset into treasury reserves. In his interview with Davis for Coin telegraph, Saylor had a few words of wisdom about what holder's should do with their Bitcoin if they hope to achieve generational wealth.
"You should buy it and hold it forever," he opined. "My advice would be to borrow against it tax-free, never take capital gains, never take an operating income."
Saylor's outlook reflects his own strategy of perma-hodling the digital asset as part of a deliberate campaign to adopt the Bitcoin Standard. His conviction is not only based on Bitcoin's underlying technology, but on the rapidly declining value of fiat currency. His now-famous analogy comparing fiat money to a melting ice cube appears to be resonating with his peers.
Check out the interview to learn more.
