In 2014, the IRS declared that Bitcoin is legally property and should be taxed accordingly. Fast-forward to today, this declaration may have given Bitcoin the key defining characteristic to blast it into the one trillion dollar stratosphere. In this video, Michael Saylor explains why Bitcoin is property redefined. There are no other forms of property existing today on a highly secure network and capable of being transferred peer-to-peer without friction.
If you can handle the volatility, Bitcoin is a more perfect store of value than any other asset (please note this is not investment advice and it is important to do your own research).
Michael Saylor has stood behind in words transferring MicroStrategy’s wealth (and his personal wealth) into Bitcoin.
There still may yet come a day when Bitcoin becomes the foundational currency of the world’s economic system. But for now, Bitcoin is property redefined.
For more Michael Saylor content, check out these Best Michael Saylor Quotes.
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