Michael Saylor, Executive Chairman of MicroStrategy, has weighed in on the U.S. tariffs on imported gold, underscoring the unique strengths of Bitcoin in a world where trade barriers are reshaping global markets.
Speaking to Bloomberg on August 8, Saylor said, “Bitcoin lives in cyberspace; no tariffs in cyberspace. It doesn’t have weight. You can settle anywhere with anybody in a few minutes. Gold has always been too heavy, too slow.”
A Catalyst for Institutional Shifts
Saylor suggested that the new gold tariffs could accelerate institutional capital flows into Bitcoin. By removing the logistical and geopolitical frictions tied to physical commodities, Bitcoin offers a borderless, instantly transferable store of value.
Gold vs. Bitcoin: The Strategic Divide
While gold has served as a safe-haven asset for centuries, its physical nature means it is vulnerable to tariffs, transport delays and storage costs. Bitcoin, by contrast, exists entirely in the digital realm, immune to such trade measures and capable of moving across borders at the speed of the internet.
Market Implications
If Saylor’s prediction holds, U.S. trade policy could indirectly strengthen Bitcoin’s position as a reserve asset of choice for both corporations and sovereign wealth funds. This dynamic could add fresh momentum to its adoption in the coming years.
Source: Bloomberg, Benzinga
