Bitcoin Bull Michael Saylor Says Bitcoin Is a Commodity

MicroStrategy CEO Michael Saylor, who has been certainly one of Bitcoin’s most vocal advocates in current months, helps to take the cryptocurrency mainstream. The Bitcoin bull shared a video to his 2.5 million Twitter followers, including that Bitcoin is important as a treasury reserve asset, which can enable governments and establishments to help it as a digital asset to develop the economic system.

Earlier this week, Saylor tweeted that Bitcoin is 100x greater than the subsequent finest digital commodity community and totally distinctive. Saylor’s views on Bitcoin come after SEC Chair Gary Gensler affirmed BTC’s commodity standing.

Gensler stated he noticed many crypto belongings having attributes of a safety, including that Bitcoin is the one crypto he was comfy publicly labeling as a commodity. A sequence of reactions by the group led to a recognition that Gensler’s feedback had been really bullish for Bitcoin.

Within the video, Saylor says that Bitcoin is a commodity, which is important for any treasury reserve asset. This enables politicians, businesses, governments, and establishments to help Bitcoin as a know-how that may develop the economic system and lengthen property rights and freedom to all.

Saylor says that cryptocurrency continues to be in its early levels, however he believes it has the potential to change into some of the essential innovations of our lifetime.

Saylor has been certainly one of Bitcoin’s most vocal advocates in current months, and his firm MicroStrategy has turned itself right into a BTC powerhouse, with a current announcement of plans to amass extra Bitcoin. Saylor helps to take Bitcoin mainstream, and his views on the cryptocurrency are certain to have a significant affect on its future.