The Bitcoin Standard Podcast 239. Michael Saylor's 4 years of bitcoin
21 snips
Sep 17, 2024 Michael Saylor, CEO of MicroStrategy, reflects on his four-year journey with Bitcoin and how it reshaped his company's fortunes, soaring from $1.2 billion to $25 billion. He discusses Bitcoin's potential to redefine corporate finance, emphasizing its advantages over traditional assets. The conversation also touches on the evolving perception of real estate, challenges of Bitcoin banking, and the importance of responsible investing as Bitcoin gains traction as a stable store of value. Saylor optimistically forecasts Bitcoin's long-term significance in the financial landscape.
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MicroStrategy's Bitcoin Bet
- Michael Saylor's MicroStrategy investment has yielded a 20x return since August 2020, outperforming the S&P 500.
- This success was unintentional, as their benchmark was Bitcoin, not traditional market indices.
Bitcoin as the Risk-Free Rate
- Saylor's primary investment strategy is leveraging Bitcoin's consistent annualized return.
- He views Bitcoin's growth as a risk-free rate, making other ventures less appealing.
Leveraging for Bitcoin
- Borrow money at low interest rates (e.g., long-term mortgages) to invest in Bitcoin.
- Avoid high-leverage trading on platforms like Binance or FTX.
