- Michael Saylor described Bitcoin as an ideal treasury asset.
- According to Saylor, the technology behind Bitcoin enables a shift in the balance of power.
- Saylor considers Bitcoin a monetary virus that can give sound money to the world.
Former MicroStrategy CEO Michael Saylor hailed Bitcoin as the ideal treasury asset, calling it the solution for every corporation, investor, family, and individual. Saylor made the statement during a recent interview with Peter McCormack, host of the “What Bitcoin Did” YouTube channel.
The renowned Bitcoin maximalist touched on several aspects of Bitcoin, including how the emerging digital money is accelerating fiat decay and leading to a stealth revolution in the global financial system. According to Saylor, the flagship cryptocurrency is a technology for human empowerment.
Notably, Saylor highlighted how the technology behind Bitcoin shifts the balance of power away from corporations and central entities, returning it to the hands of individuals. The Bitcoin investor confirmed to McCormack that he embraces Bitcoin not just as an asset but also as a technology, noting that understanding the technology leads to the Bitcoin ideology.
Furthermore, the former CEO noted that the Bitcoin ideology is based on a protocol that empowers technology to create an asset. However, he identified the core tenets of the ideology to include self-sovereignty, privacy, individual rights, property rights, and freedom.
Saylor highlighted several ways that the mainstream systems have failed to address failing economic practices and policies, including the deployment of deliberate misinformation regarding financial indices to conceal the growing decay of traditional systems. However, he told McCormack that he adopted a “sly roundabout” way to deal with the situation.
According to Saylor, instead of fighting the system entrenched in the civilization that always pushes back, he adopted Bitcoin as a new idea that will go viral. He described Bitcoin as a “freedom virus” or a “monetary virus” to give sound money to the world. Hence, he uses Bitcoin to give freedom, dignity, and sovereignty to eight billion people worldwide.
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