Bitcoin Better than Physical Assets for Commoners - Michael Saylor

BitcoinBitcoin
$19,343.90
‑0.73%
13D Ago
cryptoadventure.com

Prolific Bitcoin supporter Michael Saylor says Bitcoin is a better investment option than any physical asset for commoners. According to the entrepreneur, only those who come from royalty can handle the numerous factors involved in owning physical property. 

The former CEO of MicroStrategy outlined some setbacks involved in transferring property like stocks, equity, real estate, or gold. Speaking at the Australian Crypto Convention, Saylor contrasted these physical assets against Bitcoin. He opined that Bitcoin is a more adaptable asset to own for the following reasons.

Physical Assets Restricted by Geographical and Geo-Political Boundaries

Moving assets like gold (in large quantities) and real estate across geographical locations is cumbersome and impossible, says Saylor. As such, the range of investors that have access to one’s property is limited by distance.

If you have a property in Africa, no one’s gonna want to rent it from you if they live in London. But if you have a billion dollars of Bitcoin, you can loan it or […] rent to anybody in the world.”

Furthermore, Saylor believes physical properties are less independent from social limitations. For example, global geopolitical issues, war, recession, and regulation can affect the movement and worth of physical assets across jurisdictions. Bitcoin, on the other hand, is not subject to such factors due to its decentralization. 

“Commoners Will Do Better Investing in Bitcoin”

Indeed, Michael Saylor suggests owning Bitcoin comes with lesser headaches. Ownership of digital assets like Bitcoin involves low maintenance and straightforward inheritance policies. On the other hand, long-term possession of physical properties requires exorbitant maintenance. This is also asides from costs and taxes that come with inheriting them. 

Also notably, the pro-crypto entrepreneur explained that Bitcoin is a versatile piece of property. You can carry it with you across borders and pass it on to unborn generations. It is quite possible that an average person’s descendants could still own one’s Bitcoin 250 years into the future

You can give to your children’s children’s children’s children. And in 250 years, maybe your family still owns the property.”

Saylor believes that only royalty such as King Charles III can pass down physical property without losing it through taxation. On the other hand, commoners do not have that freedom unless the property is Bitcoin.

Bitcoin is Safe and Adaptable

Finally, the Microstrategy founder highlighted the security of the Bitcoin platform. It has resisted all hack attempts in the 13 years of its existence, remaining the most secure network yet. Saylor laid emphasis on Bitcoin’s continuous upgrades geared towards improving its speed, security, and effectiveness. He also pointed out Bitcoin innovations centered around layer-2 and layer-3 applications. 

Stay up to date with our latest articles