Saylor Argues Bitcoin Combines Strengths of Gold and Fiat Currency

Michael Saylor has published an essay arguing that Bitcoin is superior to both gold and fiat currency as a form of money. According to Saylor, good money must preserve value over time and be transferable across borders. He claims that Bitcoin achieves these requirements through its digital nature and fixed supply of 21 million coins.

Saylor notes that while Bitcoin's price has been volatile and is currently about 50% below its all-time high, it has the potential to store wealth better than expandable fiat money in the long term. His firm Strategy has shifted from a 'never sell Bitcoin' stance to planning sales in 2026, reflecting a nuanced view of Bitcoin's role as a long-term monetary solution.