34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
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The Dynamic That Matters, Isn't It?
The actors, the actions that get taken place, obsolescence, and they overwhelm any statistical models. I really think for institutional investors, the having, it just doesn't matter anymore. The decisions of individuals, Ray Dalio is giving a speech, a consensus. If he decides the Bitcoin is 25% as good as gold, won't they buy like $10 billion of it? There's probably 10,000 people in the world that have the ability to put a billion dollars on that network. But what happened when PayPal gives 340 million people a loan at 4% interest against Bitcoin? What happens to Bitcoin? Well, time horizon stretch out. Now I can own it for 30 years
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