The article discusses the evolving debate on Bitcoin's functions, focusing on its role as a Store-of-Value (SoV) versus a Medium-of-Exchange (MoE). With Michael Saylor's influence, there's a shift towards viewing Bitcoin as a valuable asset to hold, especially in volatile markets. The author suggests that leveraging debt to buy Bitcoin—effectively using "someone else's money"—can enhance the acquisition strategy, making it feasible to accumulate wealth without sacrificing personal funds. By advocating for Bitcoin Treasury companies, they emphasize the potential benefits for both individuals and the wider ecosystem.
The Bitcoin polymath Michael Saylor has changed my mind. There's nothing wrong with buying Bitcoin using debt. Because someone else's money buying Bitcoin is as good as my money buying Bitcoin.
If all the world's billionaires bought more bitcoins, that would be good for your small stash, too! Or, you'd likely get a fancy job in Bitcoin.
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