Is It Too Late to Buy Bitcoin? Michael Saylor Offers Perspective on Long-Term Value
Michael Saylor, Executive Chairman of Strategy, recently addressed whether buying Bitcoin today still presents long-term value.
Using historical and economic analogies, he compared the cryptocurrency’s growth to major financial hubs like New York City, drawing parallels to how smart capital consolidates around dominant networks. His argument centers on Bitcoin’s evolving position as the central economic infrastructure of cyberspace.
Saylor explained that throughout history, economic empires have consolidated around specific cities, Carthage, Rome, Venice, London, and New York, each serving as central hubs for financial and trade activities. In the digital age, he claimed that Bitcoin holds a similar position in cyberspace. According to Saylor, Bitcoin is becoming the main network for digital applications and money transfers across global jurisdictions, including Singapore, Paris, and China.
He emphasized that the value of Bitcoin lies not in its price, but in the strength of the network it supports. With a fixed supply of 21 million coins and a structure backed by over 400 exahashes of computational power, Bitcoin is now considered the most secure and resilient computer network.
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Saylor then noted that approximately $950 trillion in global assets, including real estate, bonds, equities, and gold, carry a large monetary premium. He argued that much of this capital is stored in inefficient assets that store value.
Gold, for instance, has underperformed relative to Bitcoin over the past two years. From his view, as investors recognize this underperformance, a shift away from these traditional assets may accelerate Bitcoin adoption.
Citing historical trends, he observed that investment in New York real estate would have been valuable even a century after the city’s economic rise. Applying that same logic, he suggested that Bitcoin remains a viable long-term acquisition, even for new participants entering the market today.
Saylor also compared Bitcoin to physical real estate, arguing that just as investors prefer premium property in major cities, Bitcoin represents digital real estate in the most established and secure part of cyberspace.
Related: A heated debate is underway in crypto: Is Bitcoin destined to remain king, or will altcoins prevail?
In this context, he likened most speculative altcoins to penny stocks—appealing perhaps for their low cost but, in his assessment, lacking in long-term value and fundamental network integrity when compared to Bitcoin.
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Leadership Under Fire Ethereum’s Answer To Critics
At Consensus 2025 in Toronto, Ethereum broke its silence. Facing criticisms about its governance, technical roadmap, and talent drain, Paul Brody (EY) and Josh Stark (Ethereum Foundation) defended a clear vision: that of a complex but fundamentally robust network. While the ETH price stagnates and competition intensifies, Ethereum’s leaders bet on the long term and remind that markets will eventually catch up with the technology, not the other way around.
While recent Ethereum news is dominated by a prolonged drop in the ETH price and a visible decline in developer engagement, criticisms focus on a sensitive point: the governance of the Ethereum Foundation.
Josh Stark, panelist at Consensus 2025 from May 14 to 16, openly acknowledged the community’s expectations :
The ecosystem needs stronger leadership […] on the roadmap, its execution, and the coordination of efforts to address major challenges.
This partial self-criticism, however, did not prevent the speakers from defending the work already accomplished.
Paul Brody, president of the Enterprise Ethereum Alliance and a key figure at EY, took the opportunity to praise Aya Miyaguchi’s work, former executive director of the Foundation: “Looking objectively at the results of her term, I give her an A+“, he stated.
Here are the main points raised regarding the governance of the Ethereum network :
This institutional clarification aims to stabilize a sprawling project often seen as lacking clarity since its transition to proof-of-stake.
While the effects of this reorganization on the ETH price or community dynamics remain to be proven, it nonetheless signals a stated intent to regain narrative and strategic control within a sometimes divided ecosystem.
Beyond organizational aspects, representatives of Ethereum defended the network’s technological direction, particularly the deliberate choice of a “rollup-centric” model.
Paul Brody reminded that Ethereum is now a proof-of-stake blockchain supporting more than 120 layer 2 solutions, with a daily capacity between “300 and 450 million transactions“.
He emphasized that on these L2s, transaction fees have been below one cent for three months. Facing criticisms denouncing excessive fragmentation or loss of network coherence, Brody did not back down: “I am delighted“, he asserted regarding the current roadmap.
Josh Stark defended this modularity as a visionary choice, stating that “no ecosystem will be able to avoid this type of structure long term“.
This technical positioning is not without consequence. While it allows a drastic reduction of usage costs and unprecedented scalability, it also introduces new vulnerabilities.
Rollups raise complex questions about security, cross-chain trust, and user experience, sometimes creating counterproductive silo effects.
However, for Stark, these obstacles are normal in a deep innovation process: “We are the ones who have advanced furthest on this path, and we face the turns and challenges“, he explained.
The implications of this debate go far beyond Ethereum. They touch on a fundamental question: is technical complexity a barrier or an asset in building a long-term infrastructure network? While Bitcoin benefits from a simplified narrative around being a store of value, Ethereum claims a more sophisticated vision, less readable for short-term markets but potentially more fertile. Josh Stark is convinced: “markets always end up reflecting value. And Ethereum is the most important project in crypto history“.
Apple blocks the Fortnite video game on iOS worldwide
Apple rejected Fortnite’s latest submission for the App Store in the U.S. and blocked distribution via Epic’s store in the EU. Epic Games, backed by Tencent(TECHY), revealed today that the move stopped all access to the game on iPhones worldwide, yet Apple has not commented publicly.
The latest block resulted after Epic Games reportedly won a case against Apple earlier this month. This is the second time Apple has blocked Epic Games’ Fortnite due to an ongoing legal dispute between Apple and Epic Games since 2020. The initial block of Fortnite by Apple in 2020 was due to Epic Games’ attempt to evade Apple’s payment system.
According to Epic Games, access to Fortnite via the App Store and iOS will be unavailable globally until Apple lifts the ban. Epic Games sued Apple, accusing it of charging up to 30% commission on in-app purchases, violating the U.S antitrust regulations. Apple has already appealed the decision, and the case is in progress.
After the initial block in 2020, Apple reinstated Epic Games, creator of Fortnite and backed by China’s Tencent(TECHY), last year after receiving much pressure from the European Union(EU). EU authorities enforced the Digital Markets Act (DMA), and later, Apple approved Epic Games’ marketplace app for iPhones and iPads in the EU region.
Epic Games has relied mostly on the EU-based developer account to try to relaunch Fortnite under the region’s new DMA, which requires Apple to allow third-party app stores on iOS. Epic Games briefly went live in the EU region via other marketplaces, such as the Epic Games Store and AltStore PAL.
Epic Games later revealed that the game was blocked on those sites, too, though it’s unclear whether Apple directly removed it or Epic themselves did in anticipation of being rejected. Epic Games Founder and CEO Tim Sweeney wrote that Apple’s App Review team should be free to review all submitted apps on time and accept or reject them according to the plain language of their guidelines. He added that senior management shouldn’t weaponize app review to delay or block competition, due process, or free speech.
Last month, the European Union found Apple guilty of the DMA obligation to give consumers the choice of a service that uses less of their data and fined €500 million. According to the EU, Apple imposed restrictions on app developers, limiting their ability to fully benefit from the advantages of alternative distribution channels outside the App Store.
Similarly, consumers were denied the benefit of alternative and cheaper offers as Apple prevented app developers from directly informing consumers of such offers. Apple failed to demonstrate that those restrictions were objectively necessary and proportionate
Amid the surprise block, Apple’s stock was triggered, jumping by 0.18% on Friday’s premarket session and then falling later. Tencent’s China stock fell by 2.53% today. Apple’s stock has decreased by 15% this year and 12% over the past 12 months. Tencent Stock jumped 24% this year and 28% over the last 12 months.
The European Union’s regulatory body has also accused Microsoft of violating the Digital Markets Act. Recently, Microsoft found itself in the battle after being charged with bundling the Teams video conferencing app with Office 365 and Microsoft 365, giving Teams an unfair advantage over rivals. The investigation emerged after Slack filed a lawsuit claiming Microsoft’s behavior was anti-competitive.
To settle the dispute, Microsoft proposed selling Teams separately from the competitor products, ensuring better interoperability. Microsoft stock remained flat in the premarket session. The stock is up 16% this year and has gained more than 8% in the past 12 months.
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Nasdaq-listed Heritage Distilling accepts Bitcoin and Dogecoin in new treasury strategy
Heritage Distilling Holding Company has finalized its Cryptocurrency Treasury Reserve Policy.
This makes it one of the first craft spirits companies to accept and hold Bitcoin ( BTC ) and Dogecoin ( DOGE ) formally, according to the company.
The policy allows the company to accept both cryptocurrencies as payment via its direct-to-consumer e-commerce platform and to treat them as long-term strategic assets.
The company’s board approved the move as part of a broader sales and treasury diversification plan. The initiative was led by the board’s Technology and Cryptocurrency Committee, chaired by digital payments expert Matt Swann.
Heritage believes Bitcoin serves as a viable long-term store of value, while Dogecoin is gaining traction as a transactional currency.
“Heritage has always been an innovator,” said CEO Justin Stiefel. “Unlike traditional investors who buy crypto with cash, we produce goods with built-in margins that help offset volatility.” Stiefel added that accepting cryptocurrencies offers new financial flexibility and helps the company reach a broader customer base.
The company cited data suggesting up to 86 million Americans hold Bitcoin and 83 million wallets hold Dogecoin. Heritage plans to leverage this growing user base, especially as updated accounting standards simplify crypto asset reporting for businesses.
The policy includes detailed governance, reporting, and auditing protocols to manage cryptocurrency operations.
Heritage joins other firms like Genius Group in exploring crypto-based treasury strategies.