Bitcoin's Big Hurdles: Why Big Banks and Old Rules Are Holding It Back

Michael Saylor, the big boss at Strategy, recently talked about the tough challenges Bitcoin and companies like his are facing. He thinks the main problem is that old-school banks and credit rating agencies don't see Bitcoin as real money. This is a big deal because it makes it hard for companies to use Bitcoin as collateral for loans or other financial stuff. Saylor believes that if banks started treating Bitcoin like any other asset, it would be a game-changer. He wants banks to start buying, selling, and holding Bitcoin, and even offer loans using it as security. But he doesn't think we need new laws to make this happen. Instead, he thinks banks and insurance companies just need a little push in the right direction. Another big issue is that not enough people understand Bitcoin. Saylor thinks we need to educate regular investors, retirees, and even big company treasurers about why Bitcoin is a good investment. He believes that once people get it, they'll see how valuable it can be. Strategy, the company Saylor runs, just released its latest financial results. They made less money than expected, but they did bring in more revenue than predicted. The company is sitting on a massive pile of Bitcoin, worth over $70 billion, which makes them the biggest Bitcoin holder in the world. Despite all these challenges, Saylor is still super bullish on Bitcoin. He thinks that with a little education and some lobbying, we can overcome these hurdles and make Bitcoin a mainstream part of the financial world.