97. Bitcoin Strategy with Michael Saylor, CEO of Microstrategy

This seminar welcomes Michael Saylor, CEO of Microstrategy and Bitcoin mega-bull, to discuss appropriate strategies for buying, holding and promoting Bitcoin. Michael explains what he sees as increasing regulatory clarity around bitcoin and increasing risk around altcoins, which, increasingly clearly, 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 this presents Bitcoin as currency rather than property, and what the global ramifications of this decision are. Michael then explains the correct strategy and execution for acquiring bitcoin with debt without breaking the bank; it also explains the right 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 currency, or digital energy. We're also trying to convince Michael to write a book with his ideas!

Don't miss this fantastic, extremely informative and wide-ranging discussion!

00:00 Welcome from Michael Saylor
1:30 What happened with Bitcoin in the last 6 months?
2:30 Bitcoin is too good – it could be banned
3:50 Bitcoin vs. Altcoins Regulation
6:20 Nobody is going to ban Bitcoin
7:30 a.m. Trading and market leverage
9:20 a.m. Bitcoin is property – Altcoins are securities
11:12 Many Altcoins will disappear
12:22 The world wants digital dollars
18:11 The Immaculate Conception
8:50 p.m. A digital transformation of the economy
25:50 Missing Tips in the Crypto Industry
29:00 Bitcoin does not need lobbying
31:30 Government attacks on Bitcoin
33:10 Why Bitcoiners should adopt Bitcoin as digital property
36:40 Going to war against other currencies
39:30 Demonetize all foreign exchange derivatives
43:30 How Michael Saylor would take Erdogan's orange pill
46h00 The political implications of Bitcoin
47:40 Gold is demonetized
51:00 What does the future of central bank digital currencies look like?
56h30 NFT wash trading
01:00:50 The Saylor strategy and volcanic bonds
01:05:50 Presentation of a currency backed by Bitcoin
01:14:00 Demonetizing traditional assets
01:21:00 Political reactions to Bitcoin and the bond market
01:26:00 Nation states are buying Bitcoin
01:30:00 Betting on the winning strategy
01:32:10 Bitcoin is a winner
01:34:00 Increase debt and buy Bitcoin
01:40:51 Borrow against your Bitcoin
01:44:00 Financing your cash flow as an entrepreneur
01:53:00 Investing in an inflationary environment
01:55:50 Inflation is rising
02:02:30 The system is collapsing in developing countries
02:05:00 The war of assets against currencies
02:06:55 Bitcoin fights any store of value
02:08:11 Saylor's Small Business Strategy
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 or Buying Bitcoin
02:47:40 Ships and yachts
02:50:00 Investment strategy vs business strategy
02:54:21 Wrap-up with Michael Saylor

Congress Memorandum “Digital Assets and the Future of Finance”:
https://www.congress.gov/117/meeting/house/114305/documents/HHRG-117-BA00-20211208-SD002.pdf

Blockstream article on El Salvador's volcanic bond:
https://blog.blockstream.com/el-salvador-to-issue-1b-in-tokenized-bonds-on-the-liquid-network/

CNBC article “Disney says its 'primary focus' in entertainment is streaming”:
https://www.cnbc.com/2020/10/12/disney-reorganizes-to-focus-on-streaming-direct-to-consumer.html

Michael Saylor presents the “Saylor Strategy” (buying Bitcoin with debt):
https://youtu.be/gxqmgIqt1xg

Michael Saylor tweets about Tahini's restaurant:
https://twitter.com/saylor/status/1462504860633473049?s20

Michael's book, The Mobile Wave:
https://www.amazon.com/Mobile-Wave-Intelligence-Change-Everything/dp/1593157207

Michael's Poll on the Nature of Bitcoin:
https://twitter.com/saylor/status/1467607000825708545?s20

Saifedean's first book, The Bitcoin Standard:
http://saifedean.com/thebitcoinstandard

Saifedean's second book, The Fiat Standard:
http://saifedean.com/thefiatstandard

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https://saifedean.com/membership/

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