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• A Bitcoin fan, Michael Saylor, spoke at the 2024 Bitcoin Conference, saying Bitcoin is the future of money. 
• Saylor suggested changing from physical items and bank accounts to digital assets, particularly Bitcoin. 
• The Bitcoin supporter advised on using Bitcoin in money systems and warned against rules that are against Bitcoin

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The Future of Capital, Says Michael Saylor at 2024 Bitcoin Conference

Michael Saylor, a big supporter of Bitcoin, recently gave a really important speech at a Bitcoin meeting in Nashville, a city known for its music and freedom.

During his speech, Michael Saylor used pictures to explain how Bitcoin, a type of digital money, is helping to improve the world’s money system. He said our current system, based on old ideas and technology, is too slow and costly, causing problems today.

He showed a picture with $900 trillion in worldwide money, spread across things we can touch (like toys and houses) and things we can’t (like bank accounts), all based on old ideas and technology. Among these was a small orange dot – Bitcoin, worth one trillion dollars. Even though it’s worth a lot, Bitcoin is only a tiny part of all the money in the world.

Saylor thinks the world’s money system is not doing well because we rely on things that are not perfect to keep our money safe. He suggested we change from using things we can touch and bank accounts to digital ones, specifically Bitcoin.

He described Bitcoin as digital money that cannot be destroyed, changed, or touched. It can last forever and is not affected by weather, getting old, or inflation (when things get more expensive over time), and it does not have the usual problems that affect money we can touch and bank accounts.

For people thinking about Bitcoin, Saylor advised making Bitcoin their main money reserve and changing extra earnings into Bitcoin. He warned against losing focus on Bitcoin and using loans or trading with borrowed money. For companies, he suggested changing cash and money flows into Bitcoin, issuing shares and debt to buy Bitcoin, and avoiding things that decrease the value of their shares.

For countries, Saylor suggested changing their treasury from gold and bonds to Bitcoin, issuing currency and debt to buy Bitcoin, and encouraging Bitcoin ownership through supportive laws. He warned against policies that are against Bitcoin and its owners.

At the end of his speech, Saylor said that Bitcoin is the future of money. He asked the audience to consider investing in Bitcoin, as it’s becoming more popular.

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