In Saylor’s world, the government’s stamp of approval is a stepping-stone towards bitcoin being embraced as a “treasury reserve asset” for “politicians, agencies, governments and institutions” the world over. Because bitcoin is capped at 21 million coins, and cannot be debased as it acts as a buoy against the “melting ice cube” that is an inflating fiat economy.
Source: https://www.coindesk.com/layer2/2022/06/28/secs-gensler-reiterates-bitcoin-alone-is-a-commodity-is-he-right/?utm_medium=referral&utm_source=rss&utm_campaign=headlines