MicroStrategy's Michael Saylor discusses in depth why BTC is the strongest hedge asset in the world, and there is no second.

Michael Saylor, founder of MicroStrategy, recently gave an interview to Arab Satellite TV to elaborate on global economic changes, explain the investment logic of Bitcoin as digital gold and the ultimate safe haven, and predict the future of its trillion-dollar market cap. (Synopsis: Micro Strategy pushes another $21 billion new financing plan, fearless of Bitcoin Q1 loss of $5.9 billion "continue to buy, buy, buy") (Background supplement: MicroStrategy spent $1.42 billion to "buy another 15,355 BTC", the total position exceeded 550,000 BTC, MSTR soared 27% in one month) The global economic market is currently in a fog of uncertainty, according to Saylor, the founder of Micro Strategy (Michael Saylor) In a recent interview with Arab Satellite TV, he gave an in-depth analysis of his observations on the current economic landscape and the unique value of Bitcoin as a core digital capital. Saylor believes that the world is currently undergoing a profound transformation of the status quo, traditional assets are facing unprecedented challenges, and Bitcoin represents the best investment opportunity and wealth preservation tool of the 21st century. Thaler began by pointing out that the global economy has been in turmoil over the past few months, largely due to uncertainty about the direction of future trade flows. He stressed that it is wrong to make linear extrapolations based on historical experience at present, and that actual developments are often unexpected. Bitcoin's appeal is particularly acute at a time when global enthusiasm for non-sovereign stores of value is at an all-time high. Bitcoin offers the perfect solution for investors seeking to hedge against counterparty risk, currency risk and integrate into global technological phenomena. Saylor firmly believes: Bitcoin is far better than gold as a safe haven, and it is expected to be worth more than 10 times that of gold, and after reaching that scale, it can still continue to grow at a rate of 20% per year... I think it's the best investment idea in the world, and no second one can match it. The Plight of Traditional Assets and the Advantages of Bitcoin Thaler further analyzed that about $450 trillion of wealth in the global economy exists in the form of stores of value assets, which are often referred to as long-term capital. Traditionally, this capital has flowed to real estate, private equity, public market stocks, or collectibles. However, these 20th-century asset classes come with significant risks. Real estate is threatened by natural disasters, rent controls and customs duties; Private equity and public market stocks are profoundly affected by changes in political winds, and it is not uncommon for people to be better than the sky; As currency derivatives, bonds also carry huge risks; Collectibles, such as art, are at risk of a shift in cultural value, which diminishes once culture no longer honors Picasso. In the 21st century, the core of the question is how to keep your money? As uncertainty increases in the world, confidence in governments, currencies and traditional business models is eroding. For example, a successful company with millions of employees may lay off 95% of its employees due to robotic automation, and the risks posed by technology, politics, and monetary policy are everywhere. The first task of the rich is to escape risk. Saylor pointed out that whether it is real estate in Siberia, assets in Africa, or assets in any country such as Brazil, Mexico, Russia, etc., if there is an opportunity to convert it into bitcoin, most people will gladly accept it. The general trend in the global macroeconomy is that capital tends to flow to the safest networks, such as U.S. assets and the dollar. Even within the cryptocurrency industry, the demand for digital dollars far exceeds that of the digital euro, which accounts for only 1% "The strong are always strong, this is the choice of the world." Saylor believes that it is a rational necessity for people to switch money from 20th-century analog assets to 21st-century digital assets, from assets affected by nation-state risks (such as Ukraine, Russia, and even the United States) to assets beyond these risks. Bitcoin's rise was not speculative or accidental, but rather a relentless calculation of time that prompted sensible, well-informed capitalists to strip their portfolios of risk by converting 20th-century assets into digital assets. "It's as natural as water flowing down." In cyberspace, there are no typhoons, no tariffs, no currency devaluations, no banks stealing money, and no wars. Bitcoin: Perfect Capital Not Everyday Payment Money Questions about whether Bitcoin is a long-term hedging tool? Saylor affirms it and sees it as the future itself. He predicts that Bitcoin will grow from the current market cap of about $2 trillion to $20 trillion in the next 4~8 years and reach $200 trillion in 20 years, and his personal prediction is to reach about $280 trillion in 2045. In response to the question of "invisible and intangible", Saylor explained that the classic definition of money is the most liquid, fungible, and marketable commodity asset in the world. Gold was the best representative of sound money in the 19th century, but in the 20th century its speed could not keep up with demand: it could not move across the Atlantic in an hour, nor could it support the settlement of 400 million companies worldwide. Bitcoin, as the "digital gold" of the 21st century, is a commodity asset with better liquidity, fungibility and marketability. It can complete tens of billions of dollars in seconds, can be deployed on billions of mobile phones, can convert millions of times per second, and its inflation rate is 0%, meaning that the half-life of wealth is eternal, which is in stark contrast to gold's 2% annual inflation (wealth half-life is 35 years). "Bitcoin represents perfect money, represents perfect capital." Saylor said. So why not use it to pay for everyday items? He explained that money has two facets: high-frequency payments (money) and long-term stores of value (capital). People buy coffee with fiat currencies (e.g. dollars, euros, pesos), which are not usually held for long. The rich do not store most of their net worth in dollars, but invest in capital goods such as land, teams, equity, etc., which can be held for 4~400 years. Bitcoin is precisely this "perfect capital" that can be passed down from generation to generation. He cites properties in Miami Beach as an example, where a $100,000 house worth $100,000 in 1930 is now worth $100 million, while dollar values have shrunk dramatically over the same period. The conclusion is that everyday payments should use weak fiat currencies, while savings and investments should choose capital assets that can fight inflation. The smartest deal is to borrow fiat currency that is depreciating and buy a capital asset like Bitcoin. The Future of Digital Asset Classification and Regulation Saeller divides digital assets into four categories: digital goods (e.g., Bitcoin, with a market cap potential of $400 trillion), digital currencies (e.g., stablecoins, for a medium of exchange, with a potential of $10 trillion), digital securities (tokenized stocks and bonds), and digital tokens (e.g., celebrity coins, fan club tokens, e.g., Trump coins). He believes that the value of digital tokens such as Trump Coin depends on the utility given to them by the issuer, such as providing exclusive dinner invitations or priority ticket rights. The development of these tokens does not pose a threat to the US dollar or Bitcoin. Bitcoin succeeded because a group of wealthy families who distrusted each other came together to create and run a decentralized, immutable software-driven cyberspace program in order to preserve their wealth forever. Speaking about the ECB's concerns about stablecoins and digital currencies, Saylor believes that the future is digital, and resisting the digital trend will only leave itself abandoned by the times, like a map of North Korea at night, dark due to lack of electricity. He suggested that the White House should develop a clear regulatory framework that establishes taxonomies for tokens, currencies, digital securities and digital goods, allows issuers to issue in compliance and ensures moral, economic, criminal and civil liability. Once released...