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34. Michael Saylor on The Fiat Standard

The Bitcoin Standard Podcast

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Is There a Bias in the Bitcoin Industry?

If you bought in March 2018, you would have witnessed the decline for quite a while. I think most people in the Bitcoin industry and most people in business want to draw on their experience because there's a bias that I want to make decisions based on my experience. So after March, everybody on earth needed Bitcoin, a thousand companies. All of his experience before March, all of your forecast before March irrelevant is what I said to Keith McCullough. Why are they destroyed? Because they're based upon the statistical interaction.

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