Michael Saylor says “there are no tariffs on Bitcoin.”

Michael Saylor, a well-known Bitcoin advocate and the executive chairman of MicroStrategy, is likely making a point about the decentralized and borderless nature of Bitcoin. When he says “there are no tariffs on Bitcoin,” he’s emphasizing that Bitcoin, as a digital currency, isn’t subject to traditional trade barriers like tariffs, which are taxes imposed by governments on goods crossing international borders. Unlike physical commodities or products, Bitcoin operates on a global blockchain network, moving value without the need for intermediaries or customs regulations.

This aligns with the broader crypto philosophy: it’s a system designed to bypass many of the controls and costs tied to centralized financial and trade systems

Leave a Comment

Your email address will not be published. Required fields are marked *