Join the larget crypto conference of 2023 in Bitcoin

OKX BOTS

Bitcoin can be acquire in small pieces, Says Microstrategy Former CEO

Bitcoin can be acquire in small pieces, Says Microstrategy Former CEO 2

The founder of business intelligence firm Microstrategy Michael Saylor shared several features of Bitcoin as a physical asset.

Michael Saylor is the founder & former CEO of MicroStrategy. Microstrategy is a business intelligence software company and this company is continuously adding Bitcoin to its balance sheet under the leadership of Saylor. Saylor is a popular supporter of Bitcoin. 

During the Australia Crypto Convention, Michael Saylor said that the Biggest crypto asset “Bitcoin” is backed by $20 billion worth of proprietary mining hardware and $20 billion worth of energy. 

Saylor said that it is very tough to carry physical properties for the long term and also tough to use outside the geographical boundaries, which is not the usual case with Bitcoin.

In particular, Saylor noted that Gold & lands are less beneficial to have over Bitcoin. 

Microstrategy CEO explained:

“If you have a property in Africa, no one’s gonna want to rent it from you if they live in London. But if you have a billion dollars of Bitcoin, you can loan it or (…) rent to anybody in the world.”

Further, Saylor elaborated that land like physical traditional assets requires high maintenance cost, which includes tax but in the case of Bitcoin we don’t need to pay anything.

 In this way, Microstrategy’s founder explained that Bitcoin can be owned by any person and further can be handed over to the incoming generation and so on easily without any additional tensions.

“Bitcoin represents a property that you can acquire in small pieces that you can carry with you anywhere you go. You can give to your children’s children’s children’s children. And in 250 years, maybe your family still owns the property.”

Regarding safety & security, Saylor noted that the Bitcoin network has never been hacked in the last 13 years of its life and it is the biggest secure network. But still, he believes that development works should happen continuously in the Bitcoin ecosystem, and also there is a need to work on layer-2 and Layer-3 scaling networks, to make Bitcoin more adaptive from every perspective.

Read also: Now Cardano Will Authenticate Quality Of Georgian Wine

Bitcoin can be acquire in small pieces, Says Microstrategy Former CEO

 

https://bitcoinik.com/bitcoin-can-be-acquire-in-small-pieces-says-microstrategy-former-ceo/feed/

https://bitcoinik.com/bitcoin-can-be-acquire-in-small-pieces-says-microstrategy-former-ceo/feed/

 

 

 

 

 

Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.

 

Trade with Moon Grid now
 

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

Please follow and like us:
Social media & sharing icons powered by UltimatelySocial