Imagine that Bitcoin is not a digital gold, but a raw material that can be "refined" into advanced financial instruments. Sounds revolutionary? Michael Saylor, a visionary and the head of MicroStrategy, is presenting this vision by comparing cryptocurrency to oil. Discover why this billionaire sees Bitcoin as a hard asset, not a currency, and how it affects discussions about the future of finance.
Michael Saylor, executive president of MicroStrategy – a company that has been mass gathering Bitcoin for five years – has become the icon of the cryptoworld. Its company currently owns 671 268 BTC, making it one of the largest owners of this cryptocurrency On the globe. Saylor is not limited to accumulation; it builds around Bitcoin entire ecosystems. At the conference Bitcoin MENA in Abu Dhabi, in an interview with economist Saifedean Ammous (author of "The Bitcoin Standard"), presented a concept that mixes economics with industrial metaphors.
According to Saylor, Bitcoin is not money in the traditional sense, but a hard-core oil-like activist – a raw material that drives the economy. Ammous interprets it this way: "Bitcoin is raw material, and MicroStrategy is a refinery", transforming BTC into financial products such as converted bonds, shares preferential (e.g. STRK, STRF, STRD, STRC) or ordinary shares (MSTR). These instruments allow exposure to Bitcoin without direct possession cryptocurrency.
In the context of inflation, where the global supply of money is increasing by 7-15% per year, Bitcoin with limited emissions (max. 21 million coins) appears as a stable bastion. Saylor goes on, proposing "Bitcoin Central Bank" – an institution supporting nations and companies in building an economy based on BTC, inspired by the Standard Oil model. Ammous adds that while Saylor does not see Bitcoin as money, it does not change its monetary properties – it is an academic issue, but with a real impact on the debate on financial systems.
This thesis of Saylor provokes discussions: is Bitcoin a commodity, an asset or the future of money? In a world of rising debt and devaluation of currencies, his vision sheds new light on the role of cryptocurrency in global economics.
Source: Cointelegraph.com
