4min chapter

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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money

Lex Fridman Podcast

CHAPTER

Digital Energy Isn't the Highest Form of Property

I think that there's 350 trillion to 500 trillion dollar is worth of currency, currency derivatives in the world. And when I say that, I mean things that are valued based upon fiat cash flows. When it becomes a dematerialized hotel, I can rent it by the room hour. And as soon as I do that, I can run it with robots. So I get on Moore's law and I'm operating in cyberspace. You're not going to be able to get a mortgage on a Turkish building from someone in South Africa. The beauty of DeFi flash loans, money moving at high velocity.

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