Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Michael Saylor Says Bitcoin's Newness Is The 'Strongest Argument' Against It, But Notes It Took People 30 Years To Embrace Electricity

Michael Saylor Says Bitcoin's Newness Is The 'Strongest Argument' Against It, But Notes It Took People 30 Years To Embrace Electricity

FinvizFinviz2026/02/24 04:33
By:Finviz

Strategy Inc. (NASDAQ:MSTR) Executive Chair Michael Saylor shared his thoughts Monday on the “strongest argument” against Bitcoin (CRYPTO:BTC) and why he rejects it.

Saylor Claims Investors Wary Of BTC’s Novelty

Speaking to Bitcoin influencer Natalie Brunell, Saylor argued that the strongest opposition to Bitcoin stems from its novelty.

“It’s new, and as new it’s not [worth it]. It’s only been around for a number of years and maybe I want to before I trust my entire life to it. I want to see it around longer,” the Bitcoin bull said, explaining how hesitant investors think.

I discuss $BTC price action, the rise of Digital Money and Digital Credit like $STRC, debunk the latest quantum FUD, and explain why companies like $MSTR are accelerating global Bitcoin adoption with .

— Michael Saylor (@saylor) February 23, 2026

‘Profound Innovations’ Take Time, Says Saylot

Saylor drew a parallel between Bitcoin and the early days of electricity and airplanes.

“It took 30 years people to embrace electricity. Bitcoin’s been around for 17 years,” he said. “The airplane is 1903. How many people had flown in a passenger jet or passenger airline by 1920?”

Saylor argued that “profound innovations” take time but are ultimately embraced by society. He added that all technolgies follow a natural cycle, involving introduction, commercialization and then having “enough track record” to appeal to the general public.

“I think we’re in that process of commercialization now,” Saylor said with regard to Bitcoin.

Strategy Maintains BTC Buying Spree

Saylor remains a staunch supporter of Bitcoin, and his company, Strategy, is completing its 100th BTC acquisition since adopting a crypto treasury strategy.

The firm’s total holdings stood at 717,722 BTC acquired for $54.56 billion at an average price of $76,020 per coin. With Bitcoin trading below $64,000, the firm’s position has turned red, amounting to unrealized losses of roughly $9 billion.

Despite the drawdown, Saylor remains optimistic about the future of Bitcoin. Last week, he said that the ongoing "crypto winter" feels milder than past ones and will soon give way to a spring followed by a "glorious summer."

Price Action: At the time of writing, BTC was exchanging hands at $63,679.82, down 1.63% over the last 24 hours, according to data from Benzinga Pro.

MSTR shares rose 0.39% in after-hours trading after closing 5.60% lower at $123.71 during Monday’s regular trading session.

The stock shows weak price momentum across the short-, medium-, and long-term, earning a very low Momentum score in Benzinga's Edge Stock Rankings.

Michael Saylor Says Bitcoin's Newness Is The 'Strongest Argument' Against It, But Notes It Took People 30 Years To Embrace Electricity image 0

Photo: Memory Stockphoto / Shutterstock

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Dell executive: "Agent AI" is different this time, key components (mainly memory and HDD) shortages may last for more than 5 years

Dell Technologies Chief Operating Officer Jeff Clarke stated that proxy AI, by taking on more tasks, continues to drive up computing and storage demands, making this AI infrastructure cycle distinct from traditional hardware upgrade cycles. By 2030, data center computing power is expected to increase by 200 GW, inference token generation will grow 87-fold, and infrastructure demand is likely to continue expanding.

华尔街见闻•2026/09/25 04:01

Morgan Stanley Backs Meta (META.US): Muse Ecosystem Continues to Expand, VR Glasses Expected to Become a New Growth Point in 2027

Morgan Stanley maintains an "Overweight" rating on Meta with a target price of $775, and continues to list it as a top pick.

智通财经•2026/09/25 04:01

Meta (META.US) surged 36% in September: Muse validates AI strategy, market cap targets $2 trillion

Meta's stock is on track to achieve its best monthly performance since July 2013, and is only about a 1% increase away from joining the $2 trillion market cap club.

智通财经•2026/09/25 02:36