Why Bitcoin is "the perfect money" according to Michael Saylor

At the Digital Asset Summit 2025 in New York City, Michael Saylor spoke far Bitcoin. According to Saylor, representatives of the Austrian School, such as Friedrich August von Hayek, could not create perfect money because they simply did not have the right technology.

The Austrian School is an economic movement that emphasizes individual freedom, free markets and minimal government interference. Consequently, many Bitcoin enthusiasts feel a strong affinity with this school of thought.

"Nobody understood what perfect money was until Satoshi Nakamoto gave it to us," states Saylor, who is known as a hard-nosed Bitcoin bull. "Bitcoin is perfect money," he said he discovered.

Compared to gold and fiat money, such as the U.S. dollar, he believes Bitcoin has the best monetary properties - a belief widely shared among Bitcoingelovers.

So Saylor buys Bitcoin worth billions of dollars with his company MicroStrategy, and finances it in part by issuing preferred shares. At the time of writing, MicroStrategy owns a whopping 499,226 BTC.

That strategy has paid off: since its launch in August 2020, MicroStrategy's share price has risen a whopping 2,361 percent, according to figures from Bitcoin Magazine Pro.

Currently, MSTR shares stand at 301 US dollars. Asset manager BlackRock recently increased its stake in MicroStrategy and now owns five percent of the company.

And by the way: former President Donald Trump also spoke at the Digital Asset Summit 2025, reiterating his promises to the crypto industry.