MicroStrategy boss Michael Saylor is advising Bitcoin miners to use the "Bitcoin Standard".
What is the Bitcoin Standard?
Simply put, Bitcoin miners would rather save the Bitcoin they produce than sell it to Rupiah or dollars. Why is that?
According to Saylor, this makes miners more profitable. The reason is, the Bitcoin they save can continue to increase in value. Plus, the Bitcoin network becomes stronger.
Similar to gold coins in the past, the Bitcoin Standard wants to make Bitcoin a global currency.
What are the benefits for miners?
* The Bitcoin they save can be a long-term investment, profitable!
* Rising operational costs can be covered using other methods, such as cloud mining or Bitcoin-based financial products.
* Miners become freer, not dependent on banks or other financial institutions.
Different opinions from others?
Yes. Galaxy Digital CEO Mike Novogratz actually sees AI (artificial intelligence) technology being used in the world of Bitcoin mining.
The point?
Michael Saylor believes that if Bitcoin miners keep their Bitcoins, everyone will profit equally. The Bitcoin network will also be stronger!
