Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not so Good for Buying a Cup of Coffee

Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not so Good for Buying a Cup of Coffee
Michael Saylor, the billionaire founder of business intelligence company turned bitcoin hot stock MicroStrategy, thinks bitcoin is the best currency. Bar none. But he doesn’t think it works to buy coffee.“You don’t want to pay for your coffee with your bitcoin, you want to pay for your coffee with a currency,” the crypto OG said in an interview with CoinDesk TV on Wednesday.Saylor believes that cryptocurrency is the world reserve asset whereas the dollar is the world currency. That’s the main distinction between the two.Saylor’s MicroStrategy has doubled its bitcoin holdings in the fiscal fourth quarter this year and now…