{"id":300515,"date":"2021-07-16T08:05:38","date_gmt":"2021-07-16T05:05:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/michael-saylor-doesnt-think-bitcoin-is-going-to-be-currency-in-the-us-ever\/"},"modified":"2021-07-16T08:05:38","modified_gmt":"2021-07-16T05:05:38","slug":"michael-saylor-doesnt-think-bitcoin-is-going-to-be-currency-in-the-us-ever","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/michael-saylor-doesnt-think-bitcoin-is-going-to-be-currency-in-the-us-ever\/","title":{"rendered":"# Michael Saylor doesn’t think Bitcoin is \u2018going to be currency in the US ever\u2019"},"content":{"rendered":"

“# Michael Saylor doesn’t think Bitcoin is \u2018going to be currency in the US ever\u2019 <\/strong>”
\n<\/p>\n

MicroStrategy CEO Michael Saylor thinks that Bitcoin is more like digital property than digital currency.<\/p>\n

He was speaking on the July 15 edition of the \u201cCoin Stories\u201d podcast with host Natalie Brunell. Asked<\/a> if he thought that Bitcoin was a threat to the U.S. dollar Saylor replied:<\/p>\n

\u201cI would call it a digital property, it’s a threat to property, it’s particularly a threat to other forms of property: gold is property, real estate is property. I don’t think the United States government is threatened by real estate or buildings or companies or gold.\u201d<\/p><\/blockquote>\n

The comments follow on from Saylor’s assertions<\/a> earlier this week on the Scott Melker\u2019s Wolf of All Streets podcast, in which he stated that \u201cI don\u2019t really think that Bitcoin\u2019s going to be currency in the US ever. Nor do I think it should be.\u201d<\/p>\n

\u201cAnd what it\u2019s doing is it\u2019s demonetizing other forms of property,\u201d he added as he outlined that people are now weighing up whether to purchase Bitcoin instead of opting for traditional investments such as real estate, stocks, starting a business, or buying gold. <\/p>\n

MicroStrategy has been gradually accumulating Bitcoin since August 2020, and the firm now holds 105,085 BTC worth around $3.3 billion at today\u2019s prices. <\/p>\n

Saylor told Brunell that even if Bitcoin crashes in the short term, MicroStrategy has no intention to sell and is prepared for the volatility that will occur in the future.<\/p>\n

He emphasized the key is to HODL through periods of market downturn and FUD, and pointed to giants in the tech space such as former Microsoft CEO Steve Balmer, who didn\u2019t sell his stocks when the price crashed in the past: <\/p>\n

\u201cWhat was the brilliant thing that Steve Balmer did in order to be worth $100 billion? yYu know, he didn\u2019t sell Microsoft.\u201d<\/p><\/blockquote>\n

Related: <\/em><\/strong>Bitcoin volatility will always disapp<\/a>oint some investors: Michael Saylor<\/em><\/p>\n

Saylor also referenced a quote from Warren Buffet which asserts that \u201cIf you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes,\u201d and cited that even Amazon stock has recovered from 80% crashes in the past. <\/p>\n

\u201cOne iPhone 12 in a hundred years will be worth nothing, so the product that Apple is selling isn\u2019t gonna last 1000 years. The product that Bitcoin is selling is 1\/21 millionth of all the money in the world. That doesn\u2019t have to change, it just kinda has to not break,\u201d he said. <\/p>\n

The MicroStrategy CEO did note, however, that if the price of Bitcoin was lower than what it is today four years from now, he would have to reconsider his strategy. <\/p>\n