BTC as Money?

Greg P

Posted June 22, 2024underBitcoinCurrenciesMichael Saylor

Michael Saylor makes the case that Bitcoin should not be considered a currency due to its lack of legal tender status. He explains that using Bitcoin as a currency would result in added costs and complex accounting transactions due to its taxable status. Saylor also highlights that currencies are regulated by nation-states, and the advantages of using legal tender for transactions are significant. Additionally, Saylor discusses the potential impact of Bitcoin as an asset, which could demonetize other assets and make them more affordable for the average person.

More Stories

DELL on Business Building

December 18, 2024

Michael Dell shares insights into his early fascination with technology and entrepreneurship , sparked at the age of 16 when he took apart an IBM computer. Initially pursuing a premed path at the University of Texas, Dell’s growing success in his computer venture led him to pivot focus towards technology, resulting in rapid growth for Dell Computer […]

Greg P

The Business of NCAA Football

December 15, 2024

“You Will Never Look at College Football the Same” Michael MacKelvie explores the distinctive nature of college football, emphasizing its rich traditions and community connections amid a commercial landscape that increasingly prioritizes financial gain over local rivalries and fan engagement. It contrasts the collegiate sport’s lack of parity with the NFL’s structured fairness, highlighting the deep emotional […]

Greg P