Saylor compares owning bitcoin to owning an apartment in New York City, saying people buy apartments there because of the long-term value it holds. He simplifies it like this"New York City is the endgame for people that want to live in the greatest city in North America. Bitcoin is the endgame for anybody that wants to own the greatest property in the 21st century.
Let's take New York City. Developers of New York City in 1776 didn't have an end game. They've been raising capital to invest in New York City real estate at the all-time high for 300 years.If you went and talked to them today, and you said, what's your end game? They would say, well, we're going to keep investing in New York City.
You can live in New York City. You can have a business in New York City. What do you do with the Bitcoin besides it just gather value?Well, the real estate developers in New York City, they're not buying the real estate because they want to live in it. They're buying the real estate because they expect--Because they want to sell it eventually, Michael. I mean, let's be honest. Most of the people who are-- yes, sure some people pass it on to their children.
I want you to imagine Bitcoin is it's a city in cyberspace the 276 blocks wide, 276 blocks high, 276 blocks deep, about 21 million blocks. Now, imagine, all 8 billion people in the world want to live there one day. They want to put their capital there.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
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