1301: MICHAEL SAYLOR: ‘Gold Will Fail and be Replaced by Bitcoin’

Gold will "fail" as an asset as people realize that Bitcoin offers superior properties to the yellow metal. That is according to billionaire Michael Saylor, Executive Chairman and Co-Founder of MicroStrategy, a publicly traded company which holds 140,000 BTC. "[Bitcoin] is the digital synthetic successor to gold," Saylor told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "Bitcoin is going to appreciate at a faster rate. Gold is going to fail. Eventually people will sell all their gold and buy Bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices