Michael Saylor Calls BTC a Properly Engineered Monetary System

• Michael Saylor recently posted a video interview snippet on Twitter.
• The CEO called BTC the first properly engineered monetary system.
• BTC is currently trading at $19,256.22.

MicroStrategy’s founder and CEO, Michael Saylor, tweeted yesterday a video where he compares Bitcoin (BTC) to other monetary and value systems such as commodities, the fiat financial system, and stocks.

With the caption for the post reading “Bitcoin is the first properly engineered monetary system,” Saylor spoke about how leaks in a closed ecosystem can be catastrophic. To further elaborate on his point, he mentioned the thermodynamic law of the conservation of energy, which states that energy can not be created or destroyed.

With this law in mind, Saylor argued that the traditional financial system, which is supposed to be a closed ecosystem, has several leaks. He likens money in the fiat money system to energy in the thermodynamic law, and believes that the value within the closed ecosystem should remain conserved, which it is not – resulting in the inflation seen today.

This is why the CEO states that Bitcoin (BTC) is the first properly engineered monetary ecosystem since no additional BTC can be introduced to the blockchain and no coins can be burnt within the BTC ecosystem.

In related news, the price of BTC is trading at $19,256.22 as it starts the week with a slight 0.64% gain, according to the crypto market tracking website CoinMarketCap. Still ranked as the biggest crypto project by market cap, BTC’s market cap stands at $369.26 billion at press time.

The 24-hour trading volume for BTC has risen 27.15% as well, which has taken the total to $19,666,608,143.