Saylor came out of the closet last year as an avid bitcoin enthusiast. In August 2020, it was announced that his company MicroStrategy had added bitcoin to its balance sheet. Despite being overtly pro-bitcoin, he believes it would be better for BTC if it were seen as an asset rather than a currency. Saylor was interviewed by crypto analyst Scott Melker, who you may know better as The Wolf of All Streets. He said:
‘I don’t really think bitcoin will ever become a currency in the United States. I don’t think it should either. I think it makes sense that it should be treated as property or asset. It’s like owning a building, or owning a gold bar, or owning a stock. It’s property.
There is absolutely no chance of bitcoin becoming a currency in the US. Saylor compares Bitcoin to Apple, Amazon and Google, saying that betting against significant technological advances has traditionally been a bad choice.
‘If you buy and hold, that’s good, and at any point in the history of technology, if you had sold, you made a mistake, right? With the only caveat, you have to buy the winner. You have to buy the category killer. You have to buy Facebook, Google, Amazon, Apple, Microsoft.’