Michael Saylor, co-founder and the executive chairman of the MicroStrategy giant, has addressed the Bitcoin community regarding the role of Bitcoin in the evolution of money.
“Bitcoin is better money”
Saylor Saylor has traditionally published a Bitcoin-themed tweet with an AI-generated image of himself. This time, he is standing on the beach on a tropical island and is holding a big stone circle shaped like a coin with a hole in the middle around his neck.
This stone circle likely symbolizes coins and all the early forms of money known by humanity. The tweet itself says: “Bitcoin is better money,” meaning that Saylor believes Bitcoin surpasses all seashells, stones, skins and so on that have been used as money since humans invented this means of exchange.
As of this writing, is trading at $101,365 per coin after demonstrating a 7.33% increase over the last two days and recovering from the $94,500 zone.
Arguments as Better Money:
- Decentralization: operates on a decentralized network, making it resistant to censorship and manipulation by governments or financial institutions.
- Security: blockchain technology ensures the security and immutability of transactions, reducing the risk of fraud and double-spending.
- Limited Supply: fixed supply of 21 million coins creates scarcity, potentially protecting its value from inflation.
- Global Accessibility: can be sent and received anywhere in the world, making it a borderless currency.
- Transparency: All transactions are recorded on the public blockchain, providing transparency and accountability.
Arguments Against Bitcoin as Better Money:
- Volatility: price is highly volatile, making it less suitable for everyday transactions and as a stable store of value.
- Energy Consumption: mining consumes significant amounts of energy, raising concerns about its environmental impact.
- Complexity: Understanding and using can be complex for many people, especially those unfamiliar with technology.
- Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving, creating uncertainty and potential legal risks.
- Limited Use Cases: current use cases are primarily limited to speculation and investment, rather than widespread adoption for everyday transactions.
Bitcoin to hit $200,000 next year: Bitwise Invest’s Ryan Rasmussen
The head of research at Bitwise Invest Ryan Rasmussen published an X post, in which he shared several stunning crypto price predictions for the year 2025. One of them was about the world’s largest cryptocurrency.
Rasmussen shared an outlook that in 2025, would surge to hit $200,000 after it finally broke above the $100,000 level in December this year. He shared a list of the catalysts they expect to fuel that price surge. That list included corporations buying BTC, the creation of the U.S. Strategic Reserve, the improvement of the regulatory and political climate, the tightening of the Bitcoin supply as a result of the 2024 halving and much bigger spot ETF inflows.
There were also hurdles he shared: governments selling Bitcoin, leverage blowout, disappointing rate cuts. As for Michael Saylor, he believes that 10 years from now, will easily be worth $13 million per coin, as it will have taken away part of gold’s market share by then.
Who is Michael Saylor?
Michael Saylor is a prominent entrepreneur, business executive, and Bitcoin advocate. He is best known as the co-founder and executive chairman of MicroStrategy, a business intelligence company.
Here are some of his key contributions:
- Bitcoin Advocate: Saylor is a vocal supporter of Bitcoin, often referring to it as “digital gold.” He has led MicroStrategy’s significant investment in Bitcoin, making it one of the largest corporate holders of the cryptocurrency.
- MicroStrategy Leadership: He co-founded MicroStrategy in 1989 and served as its CEO until 2022. Under his leadership, the company has grown into a major player in the business intelligence industry.
- Author and Inventor: Saylor is the author of “The Mobile Wave: How Mobile Intelligence Will Change Everything” and holds several patents in the field of technology.
- Philanthropy: He is the founder of the Saylor Foundation, which provides free online courses on various subjects.
Overall, Michael Saylor is a visionary leader who has made significant contributions to the fields of technology and business. His advocacy for Bitcoin has brought increased attention to the cryptocurrency and its potential as a valuable asset.
Crypto History about Michael Saylor?
hael Saylor’s crypto history is primarily tied to his advocacy for and investment in Bitcoin. Here’s a breakdown:
Early Adoption:
- 2020: Saylor began aggressively buying Bitcoin for MicroStrategy’s treasury, making it one of the first major corporations to adopt as a strategic asset.
- Billions Invested: MicroStrategy invested billions of dollars in Bitcoin, accumulating a significant number of coins.
- Bitcoin Maximalist: Saylor became a prominent Bitcoin maximalist, frequently promoting potential as a store of value and a hedge against inflation.
Impact on the Crypto Industry:
- Corporate Adoption: Saylor’s actions inspired other companies to consider as a treasury asset, increasing institutional interest in cryptocurrencies.
- Market Influence: MicroStrategy’s large holdings have had a significant impact on price and market sentiment.
- Public Awareness: Saylor’s public appearances and interviews have helped to increase public awareness of and its potential benefits.
Controversies and Legal Issues:
- SEC Investigation: In 2000, Saylor and MicroStrategy faced an SEC investigation related to accounting practices.
- Tax Fraud: In 2024, Saylor paid a $40 million fine to settle a tax fraud suit.
Overall, Michael Saylor’s crypto history is marked by his bold and controversial moves, which have significantly shaped the perception and adoption of Bitcoin.
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