Saylor’s individual and corporate Bitcoin assets
🇺🇸 Donald Trump: “Never sell your #Bitcoin” ✊
In Australia, the political dynamics surrounding Bitcoin are also changing. With rising interest from the public and private sectors, the discourse on Bitcoin is gathering pace. Australian politicians and financial authorities are starting to acknowledge the potential of Bitcoin as a strategic asset. This transition aligns with the global trend, where nations are investigating the advantages of incorporating Bitcoin into their national reserves.
As the dialogue surrounding Bitcoin continues to progress, it is evident that both political and corporate figures in Australia are beginning to appreciate the significance of this digital asset. Whether through strategic reserves or corporate investments, the commitment to Bitcoin is becoming more evident, mirroring a wider global trend towards the acceptance of this groundbreaking technology.
In a recent interview with Bloomberg, Michael Saylor, the executive chairman and co-founder of MicroStrategy, disclosed that in addition to his company’s assets, he personally possesses no less than 17,732 Bitcoin, estimated to be worth around billion. Saylor reiterated his dedication to Bitcoin, asserting, “I haven’t liquidated any bitcoin; I’m continually purchasing more. It’s an exceptional capital investment for individuals, families, institutions, corporations, or nations. And I see no better avenue for my funds.”
#Bitcoin is a long-term capital investment that cannot be taken from you by corporations, competitors, counterparties, or countries. It will generate wealth for generations for your family, corporation, or nation.
Furthermore, leading Australian business executives and financial analysts are pushing for the integration of Bitcoin into the nation’s financial strategy. They emphasize the advantages of Bitcoin’s decentralized structure, which makes it resistant to political and economic influences. This quality is especially attractive in a world where traditional financial systems are increasingly perceived as susceptible to external shocks.
Political endorsement and strategic reserves
Saylor referred to Bitcoin as “the premier asset of the United States” in the context of recent political changes. He mentioned U.S. Senator Cynthia Lummis’s proposed initiative for establishing a U.S. Strategic Bitcoin Reserve, which seeks to gather up to 1 million BTC progressively if passed. In addition, former President Donald Trump has vowed to retain the country’s confiscated Bitcoin, famously advising at the Bitcoin 2024 Conference in Nashville to “never sell your Bitcoin.”
Source: bitcoinmagazine.com
He wrapped up the interview by stressing the necessity of retaining Bitcoin as a long-term capital asset rather than squander it on trivial purchases like coffee or ice cream, labeling Bitcoin as “the most coveted asset in the universe.”
Saylor went on to observe the notable evolution in political views, stating, “I believe the dialogue has transformed, and every politician globally has begun to understand that Bitcoin is the most sought-after property in cyberspace – it represents the future.”
Recently, discussions have emerged within the Australian government regarding the feasibility of a national Bitcoin reserve. Although no formal proposals have been put forward yet, the concept is gaining popularity among some progressive politicians. They argue that owning Bitcoin could serve as a safeguard against economic turmoil and inflation, similarly to gold in historical contexts.
