Michael Saylor Declares Bitcoin as Money, Labels Other Assets as Credit
MicroStrategy co-founder emphasizes Bitcoin's monetary role, distinguishing it from all other forms of credit.
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Terms & Concepts
- Bitcoin: A decentralized digital currency that enables peer-to-peer transactions without the need for a central authority.
- Credit: In financial terms, an arrangement where a borrower receives value now with the obligation to repay in the future, often with interest.