Michael Saylor Says Bitcoin Has No Competition: 'There's No Second Best Crypto Asset'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy Inc. Executive Chairman Michael Saylor doubled down on his long-running Bitcoin thesis, arguing that it has already won the global digital monetary race due to its massi
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Strategy Inc. Executive Chairman Michael Saylor doubled down on his long-running Bitcoin thesis, arguing that it has already won the global digital monetary race due to its massive network effects and institutional adoption.
"There's no second-best crypto asset," Saylor said during a recent interview. "There's only one crypto asset and that's Bitcoin."
On the "When Shift Happens" podcast last week, Saylor compared Bitcoin's rise to dominant global protocols like the English language, Arabic numerals and TCP/IP internet standards.
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According to him, human civilization naturally converges toward one dominant system once network effects reach critical mass.
"Bitcoin is digital capital," Saylor said. "The smartest people with the most money and the most power chose this protocol."
