Michael Saylor published an essay titled « What is Money? » arguing that Bitcoin is a superior form of money compared to gold and fiat currencies. According to him, Bitcoin combines the strengths of gold and digital payments while reducing their respective weaknesses. His thesis is based on long-term scarcity rather than current price stability. At press time, Bitcoin was trading around $63,000, approximately 50% below its 2025 all-time high of $126,080. Despite Strategy selling 6,916 BTC in 2026, the company remains the largest Bitcoin corporate holder with 840,447 BTC.
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