Sunday, February 5, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

Bitcoin better than physical property for commoners, says Michael Saylor

bitwolf by bitwolf
September 17, 2022
in Bitcoin
0 0
0
Home Bitcoin



MicroStrategy CEO and Bitcoin (BTC) advocate Michael Saylor doubled down on his assist for Bitcoin as he defined the problems associated to transferring the worth of bodily properties resembling gold, firm shares or fairness and actual property in the course of the Australia Crypto Conference.

Talking concerning the underlying proof-of-work (PoW) consensus mechanism, Saylor highlighted that Bitcoin is backed by $20 billion value of proprietary mining {hardware} and $20 billion value of power. 

He then identified that conventional property resembling gold (in excessive amount) and land are practically not possible to hold ahead throughout geographical boundaries, including:

“In case you have a property in Africa, nobody’s gonna wish to lease it from you in the event that they stay in London. However when you’ve got a billion {dollars} of Bitcoin, you possibly can mortgage it or […] lease to anyone on the planet.”

Saylor additional underscored the excessive upkeep prices and taxes linked with proudly owning and inheriting bodily property over the long run, which within the case of Bitcoin, doesn’t exist. Geopolitical tensions internationally additionally decide the kind of property one could be allowed to hold ahead throughout jurisdictions. He defined:

“Bitcoin represents a property that you could purchase in small items that you could carry with you wherever you go. You can provide to your kids’s kids’s kids’s kids. And in 250 years, perhaps your loved ones nonetheless owns the property.”

In keeping with Saylor, solely royalties resembling King Charles III have the freedom to cross down their wealth with out worrying about being taxed away “except it is Bitcoin.” The entrepreneur reiterated that the Bitcoin community has not been hacked for over 13 years and is presently “probably the most safe community on the planet.”

On an finish word, Saylor emphasised the common upgrades being made on the Bitcoin community to make it quicker and safer, together with improvements round layer-2 and layer-3 purposes.

Associated: Possession of Bitcoin still legal in China despite the ban, lawyer says

Bloomberg analyst Mike McGlone just lately opined that Bitcoin is a “wild card” that’s well-positioned to outperform shares as conventional finance inches towards a recession.

McGlone took it to social media platforms, together with LinkedIn and Twitter, to state:

“Bitcoin is a wild card that’s extra ripe to outperform when shares backside, however transitioning to be extra like gold and bonds.”

As Cointelegraph reported, the evaluation notes that whereas Bitcoin would comply with the same pattern to treasury bonds and gold, Ether (ETH) “might have the next correlation with shares.”



Source link

Related

Tags: BitcoincommonersMichaelPhysicalpropertySaylor
ShareTweetShare
bitwolf

bitwolf

Next Post
Top 3 Coins To Watch Out for in the Cryptocurrency Market: Solana, ApeCoin, and Big Eyes Coin

Top 3 Coins To Watch Out for in the Cryptocurrency Market: Solana, ApeCoin, and Big Eyes Coin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Trezor and Wasabi Join Forces To Make Bitcoin More Private

Trezor and Wasabi Join Forces To Make Bitcoin More Private

5
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

1
DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

0
Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

0
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

February 5, 2023
Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

February 5, 2023
How AI can make the metaverse a more interactive space

How AI can make the metaverse a more interactive space

February 5, 2023
Tax strategies allow crypto investors to offset losses

Tax strategies allow crypto investors to offset losses

February 5, 2023

Recent News

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

February 5, 2023
Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

February 5, 2023
How AI can make the metaverse a more interactive space

How AI can make the metaverse a more interactive space

February 5, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Cardano Coin Cointelegraph crypto Cryptocurrency Data DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest Litecoin LTC Magazine market merge News NFT NFTs Polygon price rally Shiba SOL Solana Today token Top Trading Tweet Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In