Bitcoin as a 'Deep Freeze' for Money Amidst Price Drop
Bitcoin as a 'Deep Freeze' for Money Amidst Price Drop
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Michael Saylor posits Bitcoin as a 'deep freeze' for money, a superior store of energy compared to fiat currencies which he argues leak value. This comes as Bitcoin (BTC) is currently trading significantly below its valuation from the previous year, specifically 47% down.
Saylor recasts Bitcoin as stored energy and argues fiat leaks value, while BTC trades 47% below last year.