In a recent conversation with Ryan Rasmussen, Michael Saylor addressed a common critique voiced by legendary investors like Warren Buffett — the idea that Bitcoin has no intrinsic value because it produces no cash flows.
Saylor believes this view fundamentally misses the point: Bitcoin represents a new form of digital capital and marks a true paradigm shift.
Fear of the Unknown Has Always Delayed Progress
Throughout history, transformative technologies have often been misunderstood. Electricity, radioactivity, radio waves, antibiotics, lasers, and computers — each of these breakthroughs was initially met with skepticism. Saylor points out that in 1890, it would have been nearly impossible to expect everyone to immediately grasp the vast potential of electricity.
Even our language reflects the human instinct to fear the unknown: we get “shocked” by electricity and “burned” by fire. Traditionalists and conventional thinkers naturally avoid what they don’t understand, preferring safety over risk.
Yet modern civilization is built on mastering these very forces. New York City thrives because of electricity. Our planes, trains, and automobiles are fueled by fire. Engineers didn’t shy away — they harnessed these powerful forces to drive human progress.
Bitcoin as a New Engine of Growth
Saylor argues that BTC follows the same pattern. It’s a volatile crypto asset, carrying ten times the energy content of traditional capital assets. But volatility shouldn’t be feared — it should be understood.
For those willing to engage, Bitcoin offers the potential to become an engine of growth for corporations and individuals alike. Rather than fearing Bitcoin’s ups and downs, forward-thinkers have an opportunity to embrace its energy, much like previous generations embraced the disruptive forces of electricity and combustion.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/why-warren-buffett-is-wrong-about-bitcoin-according-to-michael-saylor/