Bitcoin Can’t Be Currency For U.S : Michael Saylor

Micheal Saylor Stated about Bitcoin in a Podcast & said “I would call it a digital property & it can’t be currency”. 

Michael Saylor, CEO of MicroStrategy, always remains active in the crypto market to share his point of view. Most of the time he tries to criticize Bitcoin. While he owns 105,085 Bitcoin in his portfolio, he still doesn’t think Bitcoin can act as a legal currency. 

In a podcast “Coin Stories” with host Natalie Brunell, a question has been asked to Micheal ”  if he thought that Bitcoin was a threat to the U.S”.

Micheal Saylor replied with full transparency and said Bitcoin should be treated as digital property which is stealing Investors from other traditional Investment sectors.

“I would call it a digital property, it’s a threat to property, it’s particularly a threat to other forms of property: gold is property, real estate is property. I don’t think the United States government is threatened by real estate or buildings or companies or gold.”

In Actual he tried to repeat his statement that he gave in a Podcast earlier this week on the Scott Melker’s Wolf of All Streets. Where we he stated ” Bitcoin can’t perform as Currency” 

“I don’t really think that Bitcoin’s going to be currency in the US ever. Nor do I think it should be.And what it’s doing is it’s demonetizing other forms of property”

Through the whole podcast he tried to emphasize over the point that Bitcoin is also a better option that people can choose. Instead of debating Bitcoin, people should treat Bitcoin as an asset like stock market, gold or silver.

Read also: U.S President Plans To Crack Down Utilization Of Crypto In Ransomware Attacks