Billionaire Michael Saylor Believes in Bitcoin More Than Ever
Despite bitcoin's steep slide, the CEO of MicroStrategy is bullish on its mass adoption.
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When it comes to publicly traded companies that own bitcoin, one firm totally dominates—and it's not Tesla or Square or Coinbase.
It's MicroStrategy, a Virginia-based firm that provides business intelligence, mobile software, and cloud computing. It owns about two-and-a-half times as much bitcoin as Tesla, the second-largest holder of the cryptocurrency.
MicroStrategy is so long on bitcoin because its 57-year-old billionaire CEO, Michael Saylor, had an epiphany during the summer of 2020 when COVID-19 shutdowns caused economic turmoil across the country. Bitcoin, he tells Reason, "is an approximation of a perfect monetary system because it is correct. It has no inflation in it. It's not corruptible because it's decentralized."
As the economy tanked due to external factors, Saylor directed MicroStrategy to keep buying bitcoin regardless of the price. And he's remained bullish despite the recent steep price slide—while joking on Twitter that his next job might be working at a McDonald's.
He believes that more people will catch on over time that bitcoin is the last, best hope of creating an economy that is independent of the machinations of politicians, central bankers, and connected investors who rig the system to benefit themselves at the expense of regular people.
Reason sat down with Saylor at the Bitcoin 2022 conference in Miami in April to talk about why he's all in on bitcoin, how his training as an engineer informs his worldview, and his belief that the one thing holding back the mass adoption of a non-state-backed currency is a lack of clarity on how the U.S. government will regulate it.
Photos; Kris Tripplaar/Sipa USA/Newscom
Narrated by Nick Gillespie; edited by Adam Czarnecki
< Lately the Btc market has caused a lot of confusion among investors, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. The good thing about the space is that you can buy the dips and put them into active trades, while confidently waiting for a pump in price because it is inevitable. Most people do not understand how the space works. Your advantage is understanding , Charts won’t guarantee what an asset is going to do. Prices will go up or down. Nevertheless, the market has been so profitable despite price ups and down. I've always played safe implementing trades with insights and signals from a renowned trader, Mr Alex Gomez. I made 8.5 BTC from the recent crash in the market last week.
His a genius i am currently on my 7th Trade with Alex Gomez my portfolio has grown tremendously
That’s Impressive I’ve seen that name a couple of times and also top comments on YouTube but I didn’t really pay attention, is he really that reliable?.. I will Contact him right now thank you for the information
Easiest trader I’ve ever worked with, thank you for sharing so others can benefit from his good service.
A lot of people thinks crypto is luck, if you don’t know what you are doing and you don’t have guidance. you will loose your money to crypto.
@Marko Dan Appreciate the insight will check him out.
This guy is beyond brilliant. BTW there seem to be certain threads that host obviously fake accounts having conversations about their lack of knowledge trading and then some other fake accounts come in to coincide perfectly about the identity of the person to solve their financial problems. Be on the lookout always, there are a bunch of scams here and in just about every social media platform.
This
Peter Weyland
He speaks EXACTLY what’s in my head. He is the foundation for what is going to FINALLY solve the major problem of the Human Race and finally allow us to become a Multi-planetary species.
~**Thanks for comment ?
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Listening to Saylor gives me hope someone in the world actually has a clue to lead us forward.
ChappyP about to be liquidated.
@Radiant Jumper have you done the math to understand what price bitcoin can go to before Saylor has issues? It’s not the 20k quoted my MSM, or the 10k floating around it’s less then 4K… and at that price he has to post some more collateral… if we start getting down in the 15k range his CFO will act as a fiduciary and raise the necessary capital in preparation, and also be buying more bitcoin. Mike has been pumping out interviews for a long time
Yea he shouldn’t have taken leverage. Bitcoin can go higher then we ever thought and lower. If he gets liquidated the sell off after that will put the bottom in.
Oh yeah, Saylor believes in BTC even more right now while hosting his podcasts everyday with the comments closed since his loan position of thousands of BTC can be liquidated if the price of BTC drops to 21K, so now he is encouraging everyone like an influencer to buy BTC to protect his investment.
Incredible! Kudos Michael for your ability to always reason-think outside the box and for the greater good. ??
golden showers! hahahaa its not gold,, BTC is backed by nothing… its dying booohoo
This is a great interview, I think the questioning and conversation is well balanced. I have not given Saylor enough credit for expressing his thoughts very well.
Great interview! I’m thankful for your content and the education you bring your audience!
It’s a great vehicle for speculation, and certainly billionaires have the disposable income to “gamble”, but if you think sovereign nations, including the US, who are willing to subjugate power to an organization to the WHO, will accept a currency that they neither control or manipulate, you’re out of your minds. Of course this guy wants the “average man” to invest in BC, he’s got millions invested, if you don’t jump in, he loses. Yes, digital currency is the future, but it won’t be anything that the NWO isn’t controlling. If they can wipe out the supply chain, cause the entire world to shut down from a LIE, then what makes you think they won’t wipe out everything else?
They can’t wipe out use of math. But they can try to convince you that they can. The question remains whether you’ll believe them.
Saylor is one of the most profound thinkers of our times. He predicted the MobilePhone wave and now digital money.
Yea? And his stock went up in a bubble and it burst and Bitcon is going back to near zero.
BTC’s price has been fluctuating lately, buying the capitulation isn’t a tough call, but it is a very tough call to figure out what to do aside holding.
The good thing about the space is that you can buy the dips and put them into active trades, while confidently waiting for a pump in price because it is inevitable.
Most people do not understand how the space works. Your advantage is understanding , Charts won’t guarantee what an asset is going to do.
Prices will go up or down. Nevertheless, the market has been so profitable despite price ups and down.
I’ve always played safe implementing trades with insights and signals from a renowned trader, Mr Ryan Donald. I made 8.5 BTC from the recent crash in the market last week.
All content in here is scam
Hello bots! Scammers gonna scam, huh?
You are going to get rekt.
@Maryalice Nakatsu Looking forward to the next opportunity in the market as Elon Musk is thinking of merging Bitcoin and Ethereum. Mr Ryan explained how vital this will be to me.
it is always good to be one step ahead.
@Sabor Donald I sent him a text and he responded to me, am satisfied already with the amount of work he puts out there.
BTC’s price has been fluctuating lately, buying the capitulation isn’t a tough call, but it is a very tough call to figure out what to do aside holding.
The good thing about the space is that you can buy the dips and put them into active trade, while confidently waiting for a pump in price because it is inevitable.
Most people do not understand how the space works. Your advantage is understanding , Charts won’t guarantee what an asset is going to do.
Prices will go up or down. Nevertheless, the market has been so profitable despite price ups and down.
I’ve always played safe implementing trades with insights and signals from a renowned trader, Mr Ryan Donald. I made 8.5 BTC from the recent crash in the market last week.
All content in here is scam
After all of the optimism is washed out, where will the buying come from?
bitcoin scam bot. Oh crypto.?
BOT SCAM!
Knowledge is pure power & MS talks exceptionally well… awesome content, thank you!
Home ownership: almost no one “owns” their house if its mostly debt.
I bought a house 6 yrs ago and sold it a month ago for double what I paid. A house is just a house ,a home is where you make it.
Great point
you’re renting your house from the government (property tax)
Even if you own your home, you’re perpetually paying taxes on it.
If the “worth” of your home increases as time goes by, and you’re now retired, and you pay increased taxes on your fixed income, you’re being bled dry.
I’ve been obsessively listening to Michael Saylor interviews for more than a year now and I still got an incredible new lesson from here. That thing about degrees of freedom and restraint relative to the object is an absolutely useful information applicable to most things if not everything in life.
Tell Anna ⬆️⬆️I referred you for some profitable orientation… Telegramlink above☝️….
There are only so many superlatives one can use for Michael Saylor. I tend to post only one comment on any podcast he appears on: Genius. Check out the Saylor Series with Robert Breedlove.
100% agree!!
I found this guy on the lex Friedman podcast and i was fascinated by the things he had to say. following him since.
If you enjoyed the Fridman x Saylor interview, you must, *must* follow it up with the recent Fridman interview with Dr. Saifedean Ammous. It is exceptional.
@Expensive Pizza haters gonna hate ?
@Bullette Thebulldiva The definition of “shill” is : A person who praises or promotes something because they secretly have a personal stake in it.
Clearly Saylor does have a large stake in Bitcoin, but it’s definitely no secret.
Every interview is like a full college economy and finance course
@Bullette Thebulldiva Just like you can’t shill buying gold or real estate or s&p index
Sometimes I really wondered how people make this huge profits investing on the stock market online, I agreed with you investing and earning is a legitimate way to gain financial freedom, but how is it done?
you can add him up on face book name⬆️
Just believe in him, you will never regret it
Amazing, it’s always good to be faithful and true in dealing with people, this man have really brought a good name to himself.
I promise myself I will never invest in online again, course I have be scam but after I see a lot of people thanking him on face book I gave him a try on face book and never regretted it is 100%
Mr Jeff O’Reilly has helped a lot of traders / newbies out there, with her program I was able to recover my losses from the crash so quickly.
The one thing that’s holding back adoption of a non state currency is how the US will regulate it. Then therefore it’s never going to be a non state currency if one has to regulate it.
After 12 years of everything possible being thrown at Bitcoin it’s still at $30,000. In that time nothing has compromised or undermined the fundamentals. Any price drop has come from outside factors (exchanges, inflation, war, pandemic, fear, etc.) It’s not going anywhere
@Joseph Gill look into Bitcoin Roth IRAs.
@Joseph Gill Don’t do it. She stole my grandmothers money
Margin call Incoming at $21k michael. Micro strategy investors gonna sue you out of existence bro
It lost half of it’s value in the last month, you can’t explain this away.
It’s so fun to watch Nick get dunked on. I love how he thinks people that borrow money on stuff “own” it.