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Michael Saylor believes that Bitcoin will soon emerge as a store of value like gold.
Michael Saylor, founder and former CEO of MicroStrategy and a big supporter of Bitcoin, claimed on February 19 that Bitcoin will replace gold in the digital age.
Saylor emphasized that Bitcoin has grown exponentially relative to gold since 2020.
However, Jim Bianco, President of Bianco Research, argued that the launch of spot Bitcoin ETFs was a big mistake.
Saylor believes that Bitcoin is a better store of value against gold and argues that it should not be favored over gold. He also says it would make sense to wait until hedge funds unload their gold.
Saylor notes that the price of Bitcoin has increased significantly compared to gold, and presents various data to explain the reason behind this increase.
Regarding the recent growth in the price of Bitcoin, Bianco thinks that spot ETFs integrating Bitcoin into the existing financial system is similar to what happened with gold in the past.