Michael Saylor, a prominent Bitcoin advocate, shared his perspective on how gold tariffs are influencing the growing interest in Bitcoin as an alternative asset.
Unlimited Potential of Bitcoin in Cyberspace
Saylor pointed out that Bitcoin's lack of physical form allows it to sidestep trade barriers. "There are no tariffs in cyberspace," he noted.
Bitcoin's Advantages Over Gold
He believes that gold's weight, slow settlement, and transport costs have always limited its practicality as a global asset. Tariffs complicate the situation further, leading Saylor to assert that Bitcoin will be viewed as a more efficient store of value.
Growth of Institutional Investments in Bitcoin
Saylor highlighted that the number of companies holding Bitcoin on their balance sheets has increased from 60 to roughly 160 in just six months, even as some treasuries experiment with altcoins.
Saylor is confident that the portability, speed, and independence from physical constraints position Bitcoin to benefit directly from gold's new trade headwinds.
