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Bitcoin Evangelist Saylor Tells Economists Why They’re Wrong

  • MicroStrategy CEO compares Bitcoin to New York real estate
  • Software CEO addresses the Economic Club of New York
Michael Saylor
Michael SaylorPhotographer: Eva Marie Uzcategui/Bloomberg

Michael Saylor, chief executive of enterprise software maker MicroStrategy Inc. and noted Bitcoin proselytizer, spoke to dozens of members of the Economic Club of New York on Monday about the merits of the world’s largest digital asset, especially in the face of sharply rising inflation.

Most mainstream economists have been slow to embrace Bitcoin, questioning the claims of advocates that the cryptocurrency serves as a store of value as well as an inflation hedge.