The article discusses Michael Saylor's view that Bitcoin is not a currency but rather capital, and his strategy to promote the adoption of stablecoins like Tether and Circle's USD Coin instead of Bitcoin. The author criticizes Saylor's perspective, arguing that Bitcoin is indeed a currency with essential properties for global transactions. They also refute Saylor's comparison of Bitcoin to gold and other assets, highlighting the unique features of Bitcoin. The article further disagrees with Saylor's suggestion that banks should issue their own stablecoins, as it goes against the decentralized nature of Bitcoin. The author concludes by expressing disappointment in Saylor's plan to acquire Bitcoin for the US while promoting the US dollar, emphasizing the power of Bitcoin as a censorship-resistant and value-generating asset.



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