Coin Edition -
- Michael Saylor describes Bitcoin as the best crypto asset, with no other second-best asset.
- MicroStrategy CEO hails Bitcoin as the single solution for capital appreciation in an inflationary environment.
- Saylor points out the key differences between Bitcoin and altcoins, highlighting the significance of proof-of-work-based consensus.
Michael Saylor, the Executive Chairman of MicroStrategy, the largest public holder of Bitcoin, spotted Bitcoin as the best crypto asset ever, with no other second-best asset. In a keynote address delivered at “MicroStrategy World: Bitcoin for Corporations,” Saylor presented Bitcoin as the “single solution” for capital appreciation in an inflationary environment.
Saylor shared insights on Bitcoin’s price appreciation and continued monetization. Reflecting on Greek philosopher Archimedes’ words, “Give me a lever long enough and a place to stand and I can move the world,” Saylor added, “Bitcoin is the place to stand.” Further, presenting Bitcoin as “the best,” Saylor asserted,
“There’s no more powerful idea than the digital transformation of capital… No force on earth can stop an idea whose time has come. This is an idea. Its time has come. It’s unstoppable. And so I’m going to end with the observation that Bitcoin is the best. The best what? The best.”
Explaining the major differences between Bitcoin and alternative coins, known as Altcoins, Saylor highlighted the significance of proof-of-work-based consensus in the crypto space. Providing further details into the matter, the MicroStrategy Chairman used the example of Bitcoin ETFs and Ether ETFs. While Spot ETFs were approved and successfully launched, the launch of Ether ETFs still remains a question. He stated,
“When Ethereum is not going to be approved, sometime this summer it’ll be very clear to everyone that Ethereum is deemed a crypto asset security, not a commodity. After that, you’re going to see that [for] Ethereum, BNB, Solana, Ripple, Cardano – everything down the stack.”
Meanwhile, Bitcoin is trading below the $60k mark despite a slight recovery from the bearish track. Currently trading at $59,551, BTC has experienced a marginal surge of 3% in one day. However, the cryptocurrency has declined by 7% in one week and 10% in one month.
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