Michael Saylor: Bitcoin Is Replacing Gold As A Non-Sovereign Store Of Value

MicroStrategy CEO Michael Saylor believes Bitcoin (BTC) is replacing gold as a non-sovereign store of value, as corporations start to look for a safe haven away from dollar priced assets.

Speaking on a Yahoo Finance Live interview, Saylor agreed that Bitcoin was like a digital gold, but said the Bitcoin network does the job of gold ‘a million times better than gold.’

Gigachad Saylor was pressed on whether Bitcoin was going to displace the dollar, but he denied it was.

And the MicroStrategy CEO even argued that Bitcoin as a cryptocurrency was a ‘misnomer,’ stating that it was only a replacement for gold as a store of value. Read More

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