Bitcoin Poised to Profit from Gold Tariffs, According to Saylor
In a recent development, Michael Saylor, the executive chairman at Strategy, has expressed his belief that the imposition of tariffs on Swiss gold bars by the U.S. government could lead to a significant acceleration in the migration of institutions towards Bitcoin.
Saylor argues that Bitcoin's digital and weightless nature makes it immune to physical trade barriers such as tariffs, positioning it as a more efficient and borderless alternative to gold in the current globalized financial environment. This digital nature allows Bitcoin transactions to settle quickly anywhere without incurring tariffs, unlike physical gold which faces rising costs and logistical challenges due to the new tariffs imposed by the U.S. government.
Gold's historical physical limitations, such as its weight, difficulty in shipping across oceans, and susceptibility to tariffs, have hindered its free movement and attractiveness as a store of value. The introduction of tariffs on Swiss gold bars, therefore, creates an inflection point that makes Bitcoin increasingly appealing as a monetary asset.
According to Saylor, this regulatory shift could prompt a new wave of institutional investment in Bitcoin. He points to the rapid growth in the number of companies holding Bitcoin in their treasury, which has increased from 60 to approximately 160 over the past six months, as evidence of broader institutional confidence in the cryptocurrency.
Reuters reported this development, suggesting that it could be a new catalyst for another wave of institutional adoption of Bitcoin. Saylor believes that this shift will be a significant catalyst, leading to increased institutional investment in Bitcoin.
It's important to note that this article does not provide any information about the potential impact of tariffs on Bitcoin or its advantage over other cryptocurrencies such as Shiba Inu, XRP, or MVRV Golden Cross. Additionally, the White House's intention to issue an executive order to clarify "misinformation" is not discussed in this article.
In essence, Saylor sees Bitcoin's digital, borderless form offering superior efficiency and fewer trade frictions, making it a preferred asset in a globalized and regulated financial environment. The tariffs on Swiss gold bars could potentially accelerate this migration, making Bitcoin an increasingly appealing store of value for institutions.
- Michael Saylor believes the tariffs on Swiss gold bars could lead to a significant acceleration in the migration of institutions towards not only Bitcoin, but also other digital assets, or altcoins, in the finance and business sector.
- Saylor's argument for institutional adoption of Bitcoin is based on its digital and weightless nature, which makes it immune to physical trade barriers such as tariffs, offering a more efficient and borderless alternative to gold in the current globalized financial environment.
- As a result of these tariffs, Bitcoin transactions can settle quickly anywhere without incurring tariffs, unlike physical gold which faces rising costs and logistical challenges due to these tariffs.
- The exponential growth in the number of companies holding Bitcoin in their treasury, from 60 to approximately 160 over the past six months, is evidence of broader institutional confidence in Bitcoin, signifying a potential shift in investing patterns towards cryptocurrency and technology-based assets.
