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- Michael Saylor compares Bitcoin’s rise to historic global financial empires.
- Bitcoin seen as digital real estate replacing inefficient traditional assets.
- $950 trillion in global capital may shift toward Bitcoin, Saylor suggests.
Michael Saylor, Strategy’s Executive Chairman at Strategy, views Bitcoin as a rising empire in the digital world. He feels that cryptocurrency is set to become the key economic system on the internet, just as major cities once did in world finance.
He noted that over the years, control over finances became concentrated in places like Carthage, Rome, Venice, London, and New York. Being at the heart of trading, discovering new solutions, and investing helped these cities to become powerful. According to Saylor, Bitcoin is now doing what digital cash sought to handle for cyberspace.
Since Bitcoin is decentralized, it is not controlled by just one country or group. According to Saylor, it is becoming the basis for digital money and its uses in various parts of the world. He noted that China, Singapore, and Paris are among those developing Bitcoin-supported infrastructure.
Saylor made it clear that Bitcoin’s significance is found in its network rather than how much it is traded for. There are over 400 exahashes in the network, and only 21 million bitcoins will ever be produced. In his view, Bitcoin is considered the most secure financial system on the web.
Saylor Thinks Bitcoin is Attracting Capital from Around the Globe
Saylor linked Bitcoin to digital land, comparing it to the real estate market in powerful cities such as New York. He mentioned that property values continued to increase even after a century since New York became highly developed. Just like Ethereum, Bitcoin is experiencing growth in the digital sphere.
It was explained that around $950 trillion of the world’s wealth is currently invested in real estate, stocks, bonds, and gold. According to Saylor, traditional resources are now less effective in saving value. When measured against gold over the same period, Bitcoin’s track record suggests that investors are gradually shifting their attention.
The safety, restricted nature, and transparent system help explain the escalating interest in Bitcoin, making Saylor predict that it will become more popular. He suggested that most altcoins, unlike Bitcoin, may not be dependable and are as unpredictable as penny stocks.
Saylor sees Bitcoin as more than a digital currency; it is the starting point for a new world economy. To highligt Bitcoin’s future, Nakamoto equates its growth with those of previous financial giants.
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