The biggest debate in the crypto space over recent years has been about if Bitcoin is a medium of exchange or not.
Prominent individuals that have commented on the matter include Jack Dorsey, the chief executive of Twitter and Square, and many commentators and investors online. Dorsey, for one, thinks that Bitcoin should be used as a digital currency, recently telling Reuters it’s the “best iteration” of a native internet currency he’s seen.
But another prominent corporate supporter of BTC, MicroStrategy CEO Michael Saylor, has begged to differ. The recent-instated cryptocurrency bull recently asserted to his followers that for Bitcoin to succeed, it doesn’t need to be a medium of exchange
Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase
MicroStrategy CEO Doesn’t Think Bitcoin Needs to Be a Means of Payment
The chief executive of MicroStrategy, Michael Saylor, is not convinced Bitcoin needs to become a medium of exchange for it to succeed. The corporate executive, who recently has gone down the rabbit hole of cryptocurrencies, remarked on September 24th:
“No one can buy a pizza with their stock, bonds, real estate, gold, or derivatives. No one cares. #Bitcoin.”
No one can buy a pizza with their stock, bonds, real estate, gold, or derivatives. No one cares. #Bitcoin does not need to be a medium of exchange.
— Michael Saylor (@michael_saylor) September 24, 2020
The response to Saylor’s comment was mixed: some thought that what he said was