Michael Saylor, CEO of MicroStrategy And Bitcoin (BTC) advocates have described issues related to the transfer of value of traditional assets such as gold, company stocks. and real estate During the Australian Crypto Convention
when talking about the mechanism proof-of-work (PoW), Saylor stressed that Bitcoin is backed by $20 billion in mining hardware and $20 billion in energy.
He then pointed out that traditional assets such as gold (in large quantities) and land are almost impossible to pass across countries, adding:
“If you have property in Africa No one will want to rent from you if they live in London, but if you have a billion dollars worth of Bitcoin. Can you borrow it? […] to anyone in this world.”
Saylor also highlighted the high maintenance costs and taxes linked to long-term ownership and inheritance of traditional property. which in the case of Bitcoin is not “Bitcoin represents an asset that you can buy in small fractions and take with you anywhere. You can give it to your children’s children, and in 250 years your family may still own the property.”
He also emphasized that the Bitcoin network has not been hacked for over 13 years and is currently “The most secure network in the world”
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