97. Bitcoin Strategy with Michael Saylor CEO of Microstrategy

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”: https://www.congress.gov/117/meeting/... Blockstream article on El Salvador’s volcano bond: https://blog.blockstream.com/el-salva... CNBC article “Disney says its 'primary focus' for entertainment is streaming”: https://www.cnbc.com/2020/10/12/disne... Michael Saylor introduces “Saylor Strategy” (buying bitcoin with debt):    • Michael Saylor on How To Use Debt in Your ...   Michael Saylor tweet about Tahini’s restaurant: https://twitter.com/saylor/status/146... Michael’s book The Mobile Wave: https://www.amazon.com/Mobile-Wave-In... Michael’s poll on the nature of bitcoin: https://twitter.com/saylor/status/146... Saifedean’s first book, The Bitcoin Standard: http://saifedean.com/thebitcoinstandard Saifedean’s second book, The Fiat Standard: http://saifedean.com/thefiatstandard Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here: https://saifedean.com/membership/ #MichaelSaylor #Bitcoin #BTC #Microstrategy