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Bitcoin better than physical property for commoners, says Michael Saylor By Cointelegraph



Bitcoin better than physical property for commoners, says Michael Saylor

MicroStrategy CEO and (BTC) advocate Michael Saylor doubled down on his support for Bitcoin as he explained the issues related to transferring the value of physical properties such as gold, company stocks or equity and real estate during the Australia Crypto Convention.

Speaking about the underlying proof-of-work (PoW) consensus mechanism, Saylor highlighted that Bitcoin is backed by $20 billion worth of proprietary mining hardware and $20 billion worth of energy.