Saylor argues that Bitcoin is a digital edifice worth billions in the virtual realm.

Bitcoin (BTC) investors are being advised to shift their perspective and treat Bitcoin less as a currency and more as a valuable digital asset that should be held for a century. This view comes from MicroStrategy chairman Michael Saylor, who argues that there is a fundamental misunderstanding among those who see Bitcoin solely as a currency. According to Saylor, Bitcoin’s true strength lies in its ability to preserve capital for hundreds of years, making it akin to a billion-dollar property in the virtual world.
In an interview with CNBC on March 11, Saylor emphasized that it would be more beneficial for people to think of Bitcoin as digital property rather than a currency. He believes that many of the controversial issues surrounding cryptocurrencies stem from their use as a medium of exchange. Saylor suggests that if Bitcoin were seen as digital property, countries like the United States, Europe, and China would be more inclined to embrace it.
Saylor further supported his argument by highlighting the difference in value between a medium of exchange and a store of value. While he stated that the medium of exchange value is only worth $1 trillion, he emphasized that Bitcoin as a store of value is worth $100 trillion. This is why he believes Bitcoin has a higher potential as a property rather than a currency.
Larry Fink, CEO of BlackRock, expressed a similar sentiment earlier this year during a January 11 interview with CNBC. Fink believes that Bitcoin is better suited as a form of wealth storage rather than a potential replacement for national currencies.
Addressing the impact of spot Bitcoin exchange-traded funds, Saylor suggested that Bitcoin will begin to rival gold. He stated that Bitcoin possesses all the positive attributes of gold without any of its flaws, and therefore, it will eventually “eat” into gold’s market share.
Saylor also addressed concerns about Bitcoin’s volatility, particularly when its price dropped below $20,000. He confidently stated that he had no doubt about Bitcoin’s ability to rebound strongly, as he considers it the best asset available.
At the time of publication, Bitcoin’s price stands at $72,400. Over the past week, it has risen by 9.3%, and over the last month, it has experienced a 44.7% increase.