Michael Saylor, CEO of MicroStrategy, remains one of bitcoin’s most outspoken supporters. Countless times in the past, Saylor has extolled the virtues of the digital asset, which he considers to be the best investment. His beliefs are shared by his business, which continues to be the publicly listed corporation with the world’s biggest bitcoin holdings. Saylor has come out in support of the cryptocurrency again, apparently snubbing its rivals in the process.

The Only Scarce Asset Is Bitcoin

Bitcoin’s scarcity has often been cited as one of the best grounds for the cryptocurrency’s worth. According to the coding, there can only be 21 million bitcoins produced, which means that after this amount is mined, no more bitcoins will enter the market. More BTC cannot be generated, making it one of the world’s most rare assets.

With bitcoin’s rapid rise, it has quickly become a competitor for other major financial assets in the market. Gold is one of these assets. Bitcoin, often known as digital gold, has surpassed its real counterpart over the previous several years, placing them in direct rivalry. However, only one of these assets, according to Saylor, is actually rare, and that is bitcoin.

Saylor highlighted on the PBD Podcast that all other assets may be developed in greater numbers. He referred to bitcoin as humanity’s sole scarcity. Gold, like real estate and luxury watches, was referred to as a commodity by the CEO.

“I have the ability to develop more real estate in New York City.” I have the ability to make more cars. I can make more high-end watches. I have the ability to generate more gold. I can make more stock shares. “I have the ability to form more bonds,” Saylor explained.

His reasoning was that because he can produce more of these, they are effectively commodities. Bitcoin, on the other hand, is “magical” because there will only ever be 21 million tokens and no one else can create more BTC once they are all mined.

“I have the ability to create any commodity; they are commodities by definition.” “If I have enough money and time, I can make an infinite number of any of them,” Saylor continued.

Saylor’s support for bitcoin is both personal and professional in nature. Saylor is well-known for using his personal bitcoin investment to justify MicroStrategy’s investment in the digital asset. At the time of writing, MicroStrategy owned over 120K BTC worth nearly $5 billion, putting the company in the black.