Bitcoin is the only asset that exceeds the cost of capital. Another way to say that,is everything else is dilutive.
The story here is that the bonds don't hold value, right? They're awful capital assets. Silver doesn't work. Gold doesn't keep up with the cost of capital.
MicroStrategy Executive Chairman noted key differences between Bitcoin and alternative cryptocurrencies like Ethereum, expressing the importance and necessity of proof-of-work-based consensus in creating a digital commodity.
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