4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Is Bitcoin a Commodity?

"The thing that's missing right now is the ability to actually apply to the CFTC or the SEC and say, this token should be deemed a commodity," he says. "If you forked it gave it to the world, disappeared and it ran like Bitcoin, but without the habings, then it would simply continue to inflate at whatever 3, 4% a year, X% a year,. Right? Well, that's a commodity, but it's not a scarcity. It's weak money."

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