Michael Saylor, CEO of MicroStrategy, stated yesterday that since Bitcoin is not a currency, it will not be banned, and therefore government intervention is not a threat to Bitcoin which will allow the currency to continue to rise, and will lead to the dominance of the first cryptocurrency in the twenty-first century. .

in an interview On Kitco News yesterday, Michael Saylor offered his thoughts on why there are no existential threats to Bitcoin, and why this will allow it to dominate the sector of stored-value assets in the coming years and decades.

Speaking to Kitco News Editor-in-Chief Michelle McCurry, Saylor stated:

I believe Bitcoin will be the emerging powerful financial store of valuable assets in the 21st century.

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There are about 8 billion people who need solid cash or cash assets.

If they are going to live a decent life, these assets must be digital.

According to Saylor, the word “cryptocurrency” may be a problem.

He says that Bitcoin and other cryptocurrencies should be considered “crypto assets” rather than “currencies,” as he went on to explain:

Money can be divided into currency and asset.

Bitcoin is not really a currency, it is a crypto asset.

I think if you look at the comments, probably Jerome Powell, Christina Ligard, Gary Gensler, they all commented that this is a digital asset.

It is not a digital currency.

Saylor goes on to use the recent example of Turkey and how, although the Turkish authorities have banned cryptocurrency as a form of payment, they have not restricted its use as an investment, commenting in this regard that:

In the example of Turkey, they did not want people to use Bitcoin as a currency.

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This is not different from what the IRS said in 2014 in the US when they actually taxed, stating that bitcoin cannot be used as a currency.

So, saying that we don’t want to use something as currency because it threatens our currency is not to deprive people of it as assets.

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Even the Turkish Central Bank did not prohibit or limit the ownership of Bitcoin assets by Turkish citizens.

Finally, Saylor noted that stable cryptocurrencies may be of most interest to governments, since they allow large amounts of money to be transferred, and he said:

They will be concerned about stablecoins, such as the ability to move billions of euros in cryptocurrency, or the ability to move billions of US dollars in cryptocurrency.

This will attract the interest of the banks because the currency is the source of the bankers and the government.

And they will be worried about controlling their currency.

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