MicroStrategy CEO and Bitcoin bull Michael Saylor says Bitcoin (BTC) is second to none in the history of humanity in terms of property.
“Bitcoin is property rights. It’s technology to deliver property rights to eight billion people for the first time in the history of the human race and that’s life, liberty, and property. That’s what John Locke was all about: property rights.
People diminish property rights saying, ‘Well they don’t matter.’ They sort of do, because if I can steal your life’s work from you, like that, what was your life worth? I mean it’s completely and utterly demoralizing. You’ve stolen someone’s sovereignty and their freedom and their liberty, so property rights does matter.
Half the world doesn’t have any hope of accumulating property and the other half has property at risk, and Bitcoin is technology that gives you back a right to your own personal sovereignty and your own property.”
Saylor also says Bitcoin beats gold, fiat currency and even real estate when it comes to storing value.
“Bitcoin is more efficient than gold. It’s more efficient than fiat money. It’s more efficient than storing your money in an Airbnb rental apartment. It’s just the most efficient energy system and rational people everywhere in the world, they’re looking at it saying ‘Why wouldn’t I want to store my money in a property that is the apex property of the human race?'”
The head of the business intelligence firm also highlights a number of advantages in storing your wealth in BTC.
“If you put your money in Bitcoin, no property tax. It’ll last a million years, a thousand years. It’s not going to decay. It doesn’t get rained on.
You can loan it to anybody in the world. Any bank in the world might give you a loan against it, so you can use it as collateral anywhere in the world. You can generate rent on it anywhere in the world, and in the day when you need to sell it, every wealthy person on Earth is going to want it. That’s why it’s apex.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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