---
title: "Bitcoin is more of a ‘billion-dollar building in cyberspace,’ argues Saylor"
url: https://diffcoin.com/bitcoin-is-more-of-a-billion-dollar-building-in-cyberspace-argues-saylor/
description: "Bitcoin (BTC) investors should treat Bitcoin less like a currency and more like a “billion dollar building in cyberspace\" — to be held for a hundred…"
published: 2024-03-12
updated: 2024-03-12
author: "Mila"
site: "Diffcoin"
---

# Bitcoin is more of a ‘billion-dollar building in cyberspace,’ argues Saylor

Bitcoin (BTC) investors should treat Bitcoin less like a currency and more like a “billion dollar building in cyberspace” — to be held for a hundred years, according to MicroStrategy chairman Michael Saylor.

During a March 11 interview with CNBC, Saylor argued there is a “fundamental misunderstanding” among those who view Bitcoin as a currency, and that Bitcoin’s “killer application” is its ability to preserve capital for hundreds of years.

“It’s going to be controversial if people think of it as a currency, so I would encourage people to think of it as digital currency, a billion-dollar property in cyberspace,” said Saylor.

> “No one’s trying to buy a cup of coffee with a fraction of their building on Fifth avenue. But every rich person I know owns property in London or New York City or somewhere, and none of them complain about having to spend their building as a medium of exchange.”

Saylor argued that many of the “controversial issues” surrounding cryptocurrencies have revolved around its use as a medium of exchange and that the United States, Europe and China would be much more likely to embrace it if it were seen as digital property.

> [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) is Digital Property. It is superior to other investments such as Gold, Equity, or Real Estate because it is digital, available, global, ethical, & useful to millions of companies and billions of people. [pic.twitter.com/738dblB0Zt](https://t.co/738dblB0Zt)
> 
> — Michael Saylor⚡️ (@saylor) [March 11, 2024](https://twitter.com/saylor/status/1767178599390458285?ref_src=twsrc%5Etfw)

“Medium of exchange is only worth 1 trillion dollars, store of value is worth 100 trillion dollars,” Saylor added in arguing why Bitcoin has a higher ceiling as a property than a currency.

Earlier this year in a Jan. 11 interview with CNBC, BlackRock’s CEO Larry Fink similarly voiced that Bitcoin is better suited as a form of wealth storage than as a contender to replace national currencies.

### Bitcoin “is going to eat gold”

Commenting on the impact of spot Bitcoin exchange-traded funds, Saylor said Bitcoin “is going to eat” into gold, adding “it has all the great attributes of gold” and none of its defects.

> “It’s global, it’s the most widely recognized and trusted investment asset in the world right now, it’s ethical because it’s the king of all commodities because there’s no issuer [and] there’s no company controlling it.”

***Related:*** ***Large corporations, major wirehouses gearing up to buy Bitcoin: Bitwise***

Saylor also commented on whether he lost sleep when Bitcoin tumbled below $20,000, saying he didn’t have any “question” about it rebounding strongly:

“It’s the greatest of the assets in my opinion, there’s no second best, so I didn’t have any question about it,” said Saylor.

> “We’re just waiting for the rest of the world to realize how good it is.”

Bitcoin’s price is currently $72,400 at the time of publication — up 9.3% over the last week and 44.7% over the last month.

***Magazine:*** ***Wolf Of All Streets worries about a world where Bitcoin hits $1M: Hall of Flame***

[Source link](https://cointelegraph.com/news/michael-saylor-bitcoin-better-seen-property-not-currency)