You are correct. But at the same time it’s already being used as currency by people all over the world. And it’s one thing to say it will eventually be used as currency and another to say it’s not currency.

Replies (1)

Enjoyed your article @Frank Corva and don’t necessarily disagree with where you are coming from, but I think Saylor is pretty smart. He knows the US is a long way from really having to consider Bitcoin as currency, and hence the conversation is a needless distraction whilst the volatility is still this high and Gresham’s law is in full display. Perhaps he’s a bit disingenuous with some of his framing - but I think we forget how few pro Bitcoin executives of large corporations we ever hear speaking. As a different example have a look at Saylor’s comments on the US election before it happened - there essentially weren’t any.