Is It Too Late to Buy Bitcoin? Michael Saylor Explains!
In his latest assessment of whether Bitcoin still offers value in the long term, MicroStrategy’s Chairman Michael Saylor compared Bitcoin and its price growth to major financial centers with historical and economic analogies.
Emphasizing that smart capital has concentrated around dominant networks over time, Saylor argued that Bitcoin has become the central economic infrastructure of cyberspace.
According to Saylor, throughout history, economic empires have been centered around specific cities: Carthage, Rome, Venice, London and New York. He noted that Bitcoin has taken on a similar role in the digital age. He stated that today, Bitcoin has emerged as the main network for digital applications and money transfers in global jurisdictions such as Singapore, Paris and China.
Saying that Bitcoin’s value lies not only in its price but also in the strength of the network it supports, Saylor emphasized that Bitcoin is now the world’s most secure and durable computer network with its fixed supply (21 million coins) and processing power of over 400 exahash.
Saylor stated that $950 trillion in assets worldwide (including real estate, bonds, stocks and gold) largely serve as a store of value. However, he said that most of these assets are inefficient and investors are now starting to realize the underperformance of traditional assets such as gold compared to Bitcoin. He predicts that as this awareness increases, the flow of capital from these traditional assets to #Bitcoin will accelerate.
#Saylor , who also explained with historical examples, said that investing in the New York real estate market is still valuable even after a century. With the same logic, he stated that Bitcoin still offers a meaningful buying opportunity for long-term investment as of today.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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