MicroStrategy's Michael Saylor Believes CBDCs Are Destined To Fail, Here's Why

MicroStrategy’s founder and Bitcoin maximalist Michael Saylor on Monday said central bank digital currencies (CBDC) are unstable and destined to fail. He believes Bitcoin is better due to its relation to scarcity, time, and energy. In fact, Bitcoin’s inflation hedge and store of value benefits led Saylor to add it to MicroStrategy’s balance sheet.