Bitcoin Is Property, Michael Saylor Says, Weighing in on Legal Debate About Government Seizure of Cash

Michael Saylor, the head of MicroStrategy and a vocal Bitcoin (BTC) advocate, recently shared a bold thought on X, offering his take on a legal debate

MicroStrategy head and vocal Bitcoin (BTC) proponent Michael Saylor recently shared a thought on X, a legal debate that has garnered attention.

The debate pertains to a case titled C.S. Lawn & Landscape, Inc. v. U.S. Department of Labor, in which the U.S. Department of Justice (DOJ) stated that money is not necessarily private property.

This case was used by the government to justify seizing $50,000 from a small business, arguing that cash is not truly property, which raises questions on financial autonomy and property rights.

Saylor’s response was concise, driving home his point without needing further elaboration. He reiterated that Bitcoin, unlike fiat currencies, is a representation of real property.

For Saylor and many in the crypto community, BTC serves as a tool for preserving financial sovereignty, independent of government control or the legal complexities that often accompany traditional money.

Bitcoin Is Property https://t.co/oBh6yx8K3X

This ties into a broader discussion that has been ongoing for years, particularly regarding how digital assets like Bitcoin are classified by governments and courts. Some jurisdictions have provided greater clarity on the legality of BTC.

For instance, in China, Bitcoin and other cryptocurrencies are recognized as legal property, allowing individuals to hold them within the country’s legal framework.

Saylor's comments align with the common belief among Bitcoin enthusiasts that having digital assets not controlled by a single government is crucial for protecting individuals against government overreach.

His company, MicroStrategy, is a strong advocate for this concept, having allocated a significant portion of its funds to Bitcoin as a superior value store compared to government-controlled fiat currencies.