Saylor: Money as 'Economic Energy' Makes Bitcoin the Best Store of Value
Michael Saylor, chairman of Strategy (NASDAQ: MSTR), has published an essay on X titled 'What Is Money?' where he defines money as 'economic energy' and argues that Bitcoin is the best technology to store that energy.
Saylor and co-author Robert Breedlove explain that good money should allow individuals to store value, move it forward in time, and send it across distances without experiencing 'monetary entropy', a loss of value.
In the essay, Saylor critiques gold as a store of value due to its weight, costliness, and reliance on custodians. He also criticizes government-issued money for giving control of supply and rules to governments and central banks.
Bitcoin, on the other hand, is described as a digital monetary energy with no physical mass, no central issuer, and a fixed supply of 21 million coins.