Bitcoin is better than physical property for citizens, says Michael Saylor

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MicroStrategy CEO and Bitcoin ( BTC ) advocate Michael Saylor reaffirmed his support for Bitcoin as he explained the issues surrounding transferring the value of physical property such as gold , stocks, or company equity and real estate during the Australian Crypto Convention.

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

He went on to point out that traditional assets, such as gold (in large quantities) and land, are almost impossible to transport across geographical borders, adding.

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