#SaylorBTCPurchase Speaking at the Digital Asset Summit, Saylor noted that Bitcoin is a scarce digital commodity with no real competitors. With a limited supply of 21 million coins, the first cryptocurrency surpasses gold and oil as a store of value, Saylor believes. These traditional assets can be produced in large volumes when demand rises, unlike Bitcoin.

The head of Strategy explained that all other commodities can be produced using technology, capital, and skills. But if the price of oil rises to $1,000 per barrel, more expensive methods will have to be used for extraction, including hydraulic fracturing. The same applies to gold, which has already undergone hyperinflation multiple times.