97. Bitcoin Strategy with Michael Saylor CEO of Microstrategy [MDiUULhMERK]
This seminar hosts Microstrategy CEO and bitcoin mega-bull Michael Saylor to discuss the correct strategies for buying, holding, and promoting bitcoin. Michael explains what he sees as increasing regulatory clarity around bitcoin and increasing risk around altcoins, which it is becoming clear are digital securities, while bitcoin is digital property. We discuss his views on the adoption of bitcoin as legal tender in El Salvador, and whether it presents bitcoin as more of a currency than a property, and what the global ramifications of this move are. Michael then explains the correct strategy and execution for acquiring bitcoin on debt without getting ruined; he also explains the correct bitcoin strategy for small businesses, and whether individual investors are better off buying bitcoin or mining it. Michael also discusses his views on whether we should think of bitcoin as digital property, digital gold, digital money, or digital energy. We also try to convince Michael to write a book with his ideas!
Do not miss this fantastic, hugely informative, and wide-ranging discussion!
0:00 Welcoming Michael Saylor
1:30 What happened with Bitcoin the last 6 months?
2:30 Bitcoin is too good - it might be banned
3:50 Regulation Bitcoin vs. Altcoins
6:20 No one is going to ban Bitcoin
7:30 Trading and Leverage in the market
9:20 Bitcoin is Property - Altcoins are Securities
11:12 A lot of the Altcoins will disappear
12:22 The world wants digital dollars
18:11 The Immaculate Conception
20:50 A Digital Transformation of the Economy
25:50 Missing Guidance within the Crypto Industry
29:00 Bitcoin doesn’t need lobbying
31:30 Government attacks on Bitcoin
33:10 Why Bitcoiners should embrace Bitcoin as Digital Property
36:40 Going to war against other currencies
39:30 Demonetising all currency derivatives
43:30 How Michael Saylor would orange pill Erdogan
46:00 The political implications of Bitcoin
47:40 Gold is demonetised
51:00 How does the future for Central Bank Digital Currencies look like?
56:30 NFT wash trading
01:00:50 The Saylor Strategy and the Volcano Bonds
01:05:50 Introducing a Bitcoin backed currency
01:14:00 Demonetising traditional assets
01:21:00 Political Reactions to Bitcoin and the Bond Market
01:26:00 Nation States buying Bitcoin
01:30:00 Betting on the winning strategy
01:32:10 Bitcoin is a winner
01:34:00 Raising Debt and buying Bitcoin
01:40:51 Borrowing against your Bitcoin
01:44:00 Financing your cashflows as an entrepreneur
01:53:00 Investing in an Inflationary Environment
01:55:50 Inflation moving forward
02:02:30 The System is breaking down in the developing world
02:05:00 The War of Assets vs. Currencies
02:06:55 Bitcoin fighting every store of value
02:08:11 Saylor’s Strategy for small businesses
02:14:00 Speculative Attack with other currencies
02:17:13 Is Bitcoin Money?
02:22:00 Bitcoin as Digital Energy
2:35:45 Mining Bitcoin vs. Buying Bitcoin
02:47:40 Ships and Yachts
02:50:00 Investment Strategy vs. Business Strategy
02:54:21 Wrapping up with Michael Saylor
Congressional Memorandum “Digital Assets and the Future of Finance”:
Blockstream article on El Salvador’s volcano bond:
CNBC article “Disney says its 'primary focus' for entertainment is streaming”:
Michael Saylor introduces “Saylor Strategy” (buying bitcoin with debt):
Michael Saylor tweet about Tahini’s restaurant:
Michael’s book The Mobile Wave:
Michael’s poll on the nature of bitcoin:
Saifedean’s first book, The Bitcoin Standard:
Saifedean’s second book, The Fiat Standard:
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