What's the Reserve Backing a Cryptocurrency?

Vian: I think the big lesson is that all o these cryptos, other than bitcoin, are securities. And ah, if there's securities, that means that there are management teams and there are policies. No one in the world knows what the the reserves are for a tether. You can't have a vague idea, but you don't really know. When you're dealing with that much money, you have to actually disclose everything.

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Michael Saylor is an American entrepreneur, executive, inventor, author, and philanthropist. He is the Chairman and CEO of MicroStrategy (MSTR), a publicly traded business intelligence firm he founded in 1989. Michael is an advocate for the Bitcoin Standard www.hope.com and is the first CEO of a publicly listed company to make a long-term investment in Bitcoin. He founded and serves as the trustee for the Saylor Academy www.saylor.org a non-profit organization that provides free education to nearly one million students. REFERRAL LINKS:

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#bitcoin #cryptocurrency #inflation

Timecodes:

00:00 Promo codes

01:59 Reaction to markets

11:25 Inflationary environment

17:24 Supply of currency will continue to expand

24:20 Biggest surprise over last 2 years

24:55 MicroStrategy's Bitcoin strategy

27:26 Debt vs. leverage buying BTC

40:21 Betting against MicroStrategy

45:07 Luna and Terra meltdown

49:00 SEC regulation, spot ETF