“When we’re talking about a software network that’s going to change the lives of a billion people and dematerialize a trillion dollars of energy, the only question is, ‘Is that one the winner?’ And Bitcoin is the winner of the crypto wars. It defeated six thousand five hundred different crypto competitors and it has risen out of those wars to be the dominant crypto asset network just like Amazon defeated every retailer in cyberspace, just like Apple defeated everybody in mobile space, just like Facebook defeated everybody in social space.
You have a chance to buy and own the winner and just wait for the rest of the world to recognize it. You tell me: is there any winning trade of Facebook or Apple or Google or Amazon stock in the year 2012 that’s better than the trade of buying it?”
Saylor also says that when it comes to preserving one’s wealth over the course of decades, Bitcoin’s performance is second to none.
“Say you actually wanted to take a million dollars and put it into an investment and give it to your daughter or granddaughter in 30 years. How would you do that? How do you pass down a material amount of money to your granddaughter or your daughter in 30 years?
Because I can’t do it with real estate in Florida. They tax it away from you in 30 years. I can’t do it with any stock because I don’t know the stock won’t get destroyed in 30 years. I can’t do it with gold because it’s going to be cut in half and maybe seized by someone in 30 years. I can’t do it with a bond and I can’t do it with currency. With Bitcoin, because you can’t make any more of it, you’ve got this pure piece of financial energy. You could buy it. You could hold it for no carry costs and you would be able to hand it to someone in 30 years.”
“There’s a $250 trillion ocean of assets. They are all looking for the ideal store of value right now. I believe that the obvious question is, ‘How do we explain to people that Bitcoin is digital gold, it’s a better gold than gold, and it’s a better store of value than big tech?’ We can show them with numbers and we can show them with narratives but as that happens, then a lot of that monetary energy is going to flow from the asset ocean into the crypto pond and everybody that makes that transition is going to benefit. So it’s a chance to do good for the world.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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