Michael Saylor, the CEO of Strategy, recently appeared on Fox News with Lara Trump, where he shared his transformative journey with Bitcoin and highlighted its potential to become the “digital gold” of the future.
Bitcoin as a Savings Strategy
During the interview, Saylor emphasized that the real appeal of Bitcoin (BTC) lies in its ability to serve as a savings strategy rather than a high-risk investment. He explained that Bitcoiners view it as a form of savings technology, not as an investment that subjects their funds to risk.
Saylor put it simply: “The real appeal of BTC is that people don’t invest or risk their money with it but actually save it. So Bitcoiners would say we are not investing, we are saving it, this is savings technology.” He further compared Bitcoin to a bank in cyberspace, highlighting its security and autonomy. “What if you take your entire life savings and put it into a bank in cyberspace? It promises to never freeze your funds, it isn’t run by humans, it’s run by incorruptible software, and you are gonna go to sleep for a decade. We want to know that we control it and not the bank, government, or the mayor or the CEO.”
Saylor’s Bitcoin Journey
Saylor also opened up about his company’s initial encounter with Bitcoin. In 2013, although he had heard about Bitcoin, he dismissed it as an oddity because he didn’t see its value at the time. However, by 2020, his company was facing a critical moment, and he realized it needed a drastic transformation. “It was either fast death, or a slow death, or I needed to take risks and transform the business,” he recalled. This led him to explore Bitcoin as a potential solution. “We looked for something like digital gold that we could purchase on our company’s balance sheet and save us in the future, and that’s how I came across BTC.”
The Future of Bitcoin
Looking ahead, Saylor shared his vision for Bitcoin’s role in the global economy. He believes Bitcoin will become widely adopted and integrated into major tech companies’ systems. “I think the world is going to embrace Bitcoin, and it will find its way into the software of Microsoft, Google, Amazon, and Apple,” he predicted. Saylor also expects banks to embrace Bitcoin, offering loans against it, and foresees its increasing use by various businesses, from yoga studios to small restaurants, to raise capital.
Saylor’s optimism reflects his belief that Bitcoin is poised to become a cornerstone of the financial system, changing how businesses and individuals view and manage their wealth.
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