Michael Saylor, the prominent leader of Strategy, made a big statement on X. He said, “Bitcoin is money. Everything else is credit,” showing his strong belief in Bitcoin as a new kind of money.
His statement has increased excitement among crypto enthusiasts. People are also showing support for his ideas. In the past, Saylor has explained a lot about why Bitcoin is special.
He said traditional money and banks depend on promises (credit), but Bitcoin is different; it’s a safe, independent option. He is famous for starting to invest a lot of his company’s money in Bitcoin since 2020, and now he thinks it’s the future.
This belief comes as Bitcoin is becoming more popular, with its price going over $100,000 in late 2024, thanks to new rules and positive market feelings. Saylor believes Bitcoin can change how companies save money, a plan he has been pushing since he made Strategy focus on Bitcoin. His success has encouraged other companies to try it too.
The people have shown full support for Saylor’s ideas about Bitcoin. His words also started lots of talks online, with people who love crypto saying he explained Bitcoin’s importance undoubtedly. Saylor’s influence in the crypto world has grown, and what he says now has a big impact on how people feel about the market.
Even though his support has made Bitcoin more popular, Saylor warned that using it widely will require people to change how they think about money. His thoughts highlight that he is still working hard to make Bitcoin a global way to store value.
Also Read: Bitcoin Is Becoming Less Risky as It Grows Bigger: Pompliano
