{"id":54050,"date":"2021-12-03T14:03:26","date_gmt":"2021-12-03T12:03:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54050"},"modified":"2025-09-03T18:17:40","modified_gmt":"2025-09-03T15:17:40","slug":"michael-saylor-bitcoin-is-a-world-reserve-asset-but-not-a-currency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/michael-saylor-bitcoin-is-a-world-reserve-asset-but-not-a-currency\/","title":{"rendered":"Michael Saylor: Bitcoin is a world reserve asset, but not a currency"},"content":{"rendered":"<p>The dollar is the world\u0019s currency, while bitcoin is a global reserve asset, and that is their main difference. This view was voiced by MicroStrategy CEO Michael Saylor in an interview with <a href=\\\"https:\/\/www.coindesk.com\/business\/2021\/12\/02\/michael-saylor-calls-bitcoin-the-worlds-reserve-asset-but-not-so-good-for-buying-a-cup-of-coffee\/\\\">CoinDesk<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;You don\u0019t want to pay for coffee with your bitcoin, and you prefer to settle in a currency,\\&#8221; he noted.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Saylor added that classifying digital gold as an asset \\&#8221;makes life easier\\&#8221; from a regulatory perspective.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;All these rules actually restrict your use of the digital asset as a currency, but not as property,\\&#8221; said the head of MicroStrategy.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to him, if you recognise this, it\u0019s easy to see a fairly bright future for the industry.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>MicroStrategy was the first among public companies to allocate part of its own capital to the first cryptocurrency. In August 2020, the business analytics software provider <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">bought 21,454 BTC<\/a> (roughly $250 million at the exchange rate at the time of the deal).<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The firm continued to build its reserves of digital gold in accordance with the board-approved strategy. After the <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-buys-an-additional-7002-btc\">purchase<\/a> in late November of 7,002 BTC, the company brought its balance to 121,044 BTC, having spent about $3.6 billion.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Saylor said that MicroStrategy would hold bitcoin \\&#8221;forever\\&#8221;.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>As of writing, the firm\u0019s digital assets <a href=\\\"https:\/\/bitcointreasuries.net\/\\\">are worth<\/a> more than $6.2 billion.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The MicroStrategy CEO added that bitcoin will be the best inflation hedge, and price volatility won\u001bt get in the way.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;There will be volatility, but it seems there is broad consensus that the world needs an inflation hedge. If you have bitcoin, do not sell it,\\&#8221; Saylor advised.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, the head of MicroStrategy compared the first cryptocurrency to property and noted that it does not threaten the dollar.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dollar is the world\u0019s currency, while bitcoin is a global reserve asset, and that is their main difference. This view was voiced by MicroStrategy CEO Michael Saylor in an interview with CoinDesk.<\/p>\n","protected":false},"author":1,"featured_media":54051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1208,1207,1138],"class_list":["post-54050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-michael-saylor","tag-microstrategy","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=54050"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54050\/revisions"}],"predecessor-version":[{"id":54052,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54050\/revisions\/54052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54051"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=54050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=54050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=54050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}