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<p><a href="https://www.cryptopolitan.com/bitcoin-hits-new-all-time-highs/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) has surged to $72,095, sparking renewed interest and debate over its role in the financial landscape. Michael Saylor, chairman of MicroStrategy, has advocated for a shift in perception, urging investors to view Bitcoin less as a currency and more as a “billion-dollar building in cyberspace” to be held for generations.</p>
<h2 class="wp-block-heading" id="the-long-term-investment-perspective">The long-term investment perspective</h2>
<p>Saylor’s remarks, made during a recent CNBC interview, emphasized a fundamental misunderstanding regarding Bitcoin’s utility. He argued that the cryptocurrency’s true value lies in its ability to preserve wealth over centuries, akin to a valuable piece of real estate. Drawing a comparison, he noted that just as wealthy individuals don’t use their prime properties as everyday currency, Bitcoin should be seen as a long-term investment vehicle rather than a means of transaction.</p>
<p>The distinction between Bitcoin as digital property versus a currency is crucial, according to Saylor. He believes that framing Bitcoin as a digital property aligns more accurately with its function as a store of value rather than a medium of exchange. By shifting this perspective, Saylor suggests governments and institutions, including those in the United States, Europe, and China, would be more inclined to embrace cryptocurrencies.</p>
<h2 class="wp-block-heading" id="bitcoin-s-superiority-as-a-store-of-value">Bitcoin’s superiority as a store of value</h2>
<p>Saylor further underscored Bitcoin’s superiority as a store of value over its potential as a currency. He highlighted the vast difference in market valuation between mediums of exchange and stores of value, with Bitcoin holding the potential to reach a market cap of $100 trillion as a store of value compared to a mere $1 trillion as a medium of exchange.</p>
<p>Saylor’s views find resonance with other industry leaders, including BlackRock CEO Larry Fink, who previously stated that Bitcoin is better suited for wealth storage than as a currency replacement. The endorsement from influential figures like Saylor and Fink bolsters the narrative of Bitcoin as a long-term investment asset rather than a currency for everyday transactions.</p>
<p>Despite periodic price fluctuations, Saylor remains steadfast in his conviction regarding Bitcoin’s resilience and long-term potential. He expressed confidence in Bitcoin’s ability to rebound strongly, citing it as the premier asset class with unmatched attributes. Saylor’s optimism extends to the broader acceptance of <a href="https://www.cryptopolitan.com/bitcoin-and-etfs-have-a-toxic-relationship/" rel="noopener noreferrer nofollow">Bitcoin</a>, anticipating a global realization of its value proposition.</p>
<h2 class="wp-block-heading" id="bitcoin-s-current-performance">Bitcoin’s current performance</h2>
<p>At the time of publication, Bitcoin’s price stands at $72,400, marking a notable 9.3% increase over the past week and a remarkable 44.7% surge over the last month. The recent price rally reinforces the growing interest and investment in Bitcoin, further solidifying its position as a formidable asset class.</p>

Bitcoin is seen as long-term digital property, not currency

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