The Bitcoin Bull Bull Bull with Michael Saylor

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“I think that Bitcoin is the best hope that people have to make the world a better place, by providing this sovereign empowerment.”
— Michael Saylor

SHOW DESCRIPTION

Location: Squadcast
Date: Thursday 8th October
Company: MicroStrategy
Role: CEO

In August, MicroStrategy made the bold move of purchasing 21,454 Bitcoin to add to their treasury, spending $250 million. In doing so, CEO Michael Saylor stated that he views Bitcoin as a "dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash".

The next month MicroStrategy announced that they had doubled down on their conviction in Bitcoin and acquired an additional 16,796 Bitcoin, taking their total spend to $425 million. This move sent a clear message to businesses everywhere that Bitcoin is a valuable asset and can be a key part of a company's treasury.

Following in the footsteps of Microstrategy, last week Square announced that they too had added Bitcoin to their treasury with the purchase of 4,709 Bitcoin for ~$50 million.

In the second part of my interview with Michael Saylor, the CEO of Microstrategy, we discuss his Bitcoin value proposition, his view on maximalism and alts, privacy, decentralisation and the Bitcoin circular economy.

TIMESTAMPS

03:51: BTC value proposition
10:43: BTC: “Digital Gold”
14:20: Transaction efficiency and security: BTC vs. Gold
19:21: The Mobile Wave: dematerialisation of assets
24:43: The billionaire investing mindset
27:00: Asset volatility
30:00: BTC’s dominance in crypto segment
36:00: Crypto application, assets, and currencies
37:51: Strengths and use cases for decentralized networks
44:35: BTC endowment: http://Saylor.org
46:52: BTC vs the “crypto industry”
51:10: BTC vs digital wallet: personal wealth allocation
55:00: Balancing privacy, security, convenience
59:36: How wealth generates greater wealth
1:03:39: Wealth preservation, accessibility
1:06:00: Sponsored Messages
1:08:19: Corporate impact on BTC ecosystem
1:11:45: Tax incentivizes to HODL
1:16:53: Limitations on BTC as currency
1:22:00: Building wealth without income
1:28:20: Role of government
1:37:00: Michael’s final word
1:04:00: Contact information

 

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SHOW NOTES

PodcastPeter McCormack