As per the insights shared by Michael Saylor, the Executive Chairman of MicroStrategy, Bitcoin ownership is driven by a sense of ethical responsibility and global significance. This compelling rationale adds to the already popular features of Bitcoin that make it a preferred choice among users.
During a recent virtual interview with David Lin, Michael Saylor expressed his belief that Bitcoin has the potential to provide hope and property rights to the entire global population of eight billion people. Saylor emphasized that Bitcoin’s ability to offer digital property and scarcity through mobile devices represents a significant paradigm shift. In his view, this technology can transform how we think about property ownership and financial inclusion on a global scale.
Saylor eloquently posited that Bitcoin is a fundamental commodity, drawing parallels to indispensable utilities such as water and electricity. He firmly asserts that this pioneering cryptocurrency is just as vital to the human experience as other essential resources necessary for our survival.
Saylor has made a bold statement regarding the future of traditional currency, stating that it is on its deathbed. He has pointed out a concerning trend of banking collapses, particularly in Africa, South America, and Asia. Additionally, Saylor has highlighted the instability of fiat currencies worldwide, citing Venezuela, Argentina, and Nigeria as prime examples. These observations warn of the potential risks associated with relying solely on traditional forms of currency.
Saylor astutely observes that even the most esteemed fiat currencies are currently facing a decline in their fortunes. The culprit? Rampant inflation has sparked a crisis of confidence in both banks and the governments overseeing them. As a result, there is a growing consensus that the traditional financial system is losing support among the global population.
As trust in traditional fiat currency dwindles, Michael Saylor posits that individuals gravitate towards commodity monies. While options such as Gold, Oil, and Property hold value, they lack the flexibility required for everyday transactions. Enter Bitcoin, a commodity that serves as a vital instrument for all types of exchanges and offers a solution to the mounting monetary obstacles our global community faces.
