How does Bitcoin solve the transaction and transport limitations of physical cash and gold?
Replied byMichael Saylor
Founder & Chairman at MicroStrategy
Niche: Cryptocurrency
Revenue: Approx. 40 Million USD/month
Location: Tysons Corner, Virginia, United States
Started: 1989
It is incredibly difficult to transport millions of dollars in gold or physical cash across borders without state interference or massive fees. With Bitcoin, I can encrypt millions of dollars on a private key or send a text message to transfer value anywhere globally in seconds.
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