Bitcoin (BTC) is Not a Solution to Nation States

When asked: You see bitcoin as a digital property and not as a currency right?

Micheal Saylor: What you want to do is buy a million or 10 or a billion dollar worth of it and hold it for a decade. Just like you would buy a billion dollar building – it is better than a billion dollars of gold, because gold is being deluded by gold mining and it is centralized and you can’t rent on gold.

It is better than a building and a building is better than gold, because you can get rent, but with bitcoin in essence you can generate rent by renting it out to anybody on earth, because you can move it at a speed of light and it is digitalized.

When asked: There has been a lot of talk about Russia using Bitcoin to get around the sanctions that are in place. Is this something that you are watching.

Micheal Saylor: I think a lot of people have looked at it. Russia is not using it. I think in 30 years, nation states will probably get it to scale and get comfortable using crypto technology, but right now, Bitcoin is being used by working class people to protect their savings from rampant inflation. And, it is being used by people who no longer have access to the banking system, and are not being served by credit cards and by local financial organizations. So, it is interesting to hundreds and millions of working class people. It has been may be a difference between life and death for them.

It is not really a solution to a massive nation state.

When asked: Regulation will wind up speeding the adoption of Bitcoin. Will it also be a catalyst to move it higher and if it does, what level are you looking at?

Michael Saylor: I think that Bitcoin is cryptoproperty and a lot of the world is trying to find the difference between a cryptocurrency, cryptosecurity, cryptoplatform, and cryptoproperty.

As the regulators layout those bright lines, then you are going to see massive amounts of institutional capital come in to the crypto property space. And, investors who are in, while investing 10s and billions of dollars aren’t going to fear that they are going to invest in a crypto security, which is going to be a regulatory challenge for them.

I expect regulatory clarity to come in the next couple of years. And bit by bit, as we get more regulatory clarity it is going to be a green light for large institutional investors in Bitcoin.

When asked: What is the next best digital asset on the way?

Michael Saylor: I really think the world wants crypto dollars, like US dollar stable coins and there is a demand for 10 trillion dollars worth of that – everywhere in the world people know that they want dollars on their mobile phone for they can’t trust the banks, they can’t trust the local government. They don’t want a local currency. And the second thing they want is they want Bitcoin, which is like crypto property.

The dollar is your checking account and your medium of exchange. And, Bitcoin is your savings account and it is a store of value.