Why Michael Saylor is bullish on Bitcoin

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Bitcoin is a good investment because it is like digital gold, and it is better than physical property for commoners, says Michael Saylor.

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Saylor is the CEO of software company MicroStrategy, which has invested heavily in Bitcoin.

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In an interview with Bloomberg, Saylor said that Bitcoin was a better store of value than physical property because it was more portable, divisible, and scarce.

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"It's way more portable, it's way more divisible, it's way more scarce," said Saylor. 

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"And so if you want to own a piece of property, you have to go through all kinds of intermediaries."

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He added that Bitcoin was also a better store of value than gold, because it was more durable and more difficult to steal.

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"Gold is very hard to transport, it's very hard to divide, and if you have a lot of gold, somebody could come and just take it from you," said Saylor.

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Saylor's comments come as Bitcoin's price has surged to new all-time highs. 

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The cryptocurrency is currently trading at around $34,000, up from around $20,000 at the start of the year.

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Bitcoin's price has been boosted by increasing institutional interest in cryptocurrency. 

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