Michael Belor Belolor: “Bitcoin is the only scarce asset in the world” – Bits Media

MicroStrategy CEO Calls Bitcoin One of the Most Scarce Assets in the World, whereas other products can be created endlessly given enough time and money.

In an interview with PBD Podcast, MicroStrategy CEO Michael Saylor (Michael Saylor) shared his thoughts on Bitcoin. According to him, The “magic” of the first cryptocurrency is scarcity, because the supply of bitcoin is limited 21 Million coins. Everything else can be created in any volume, Sailor said.

The head of MicroStrategy cited the real estate industry as an example. When house prices rise, developers are interested in increasing their supply. Therefore, buying a house does not come with any guarantees., that people will save their money in an inflationary economy. High demand for real estate creates an increase in supply, at the same time, the value of the acquired property decreases.

“More real estate can be created in New York, more cars, luxury watches, gold, stocks and bonds. Having enough money and time, I can create an unlimited quantity of any product", Saylor says.

For this reason, many call Bitcoin “digital gold.”, considering it an effective means of hedging inflation risks. Anthony Scaramucci, co-founder of the SkyBridge Capital hedge fund, shares a similar opinion. (Anthony Scaramucci), who is convinced, that every large investor should have Bitcoin in their portfolio.

Michael Saylor previously said, that MicroStrategy's strategy is to buy bitcoins for long-term storage, and the company intends to keep them for 100 years old.