3min chapter

Coin Stories with Natalie Brunell cover image

Michael Saylor on Bitcoin and Crypto in the wake of FTX Collapse

Coin Stories with Natalie Brunell

CHAPTER

The Virtues of Bitcoin and the Vices of Crypto

Bitcoin was created as a currency that couldn't be debased, running on an open network so you could be your own bank. Bitcoin is nobody's liability, there is no counterparty, anyone that joins the network is their own banker. The reason it's money is because no human being or no organization has discretion over it. Don't put your value in currencies that are controlled by human beings. That's the lesson.

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