Tom Bilyeu's Impact Theory "Crypto Is Crashing!" - Wealth-Building Strategies to Capitalize on the Crypto Crash | Michael Saylor (Replay)
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Aug 5, 2024 Michael Saylor, executive chairman and co-founder of MicroStrategy, discusses the profound implications of the current economic crisis and the need for financial literacy. He emphasizes the importance of navigating asset allocation amidst government interventions and advocates storing value in Bitcoin over traditional assets like real estate. Saylor explores the emotional rollercoaster of crypto investment and underscores the necessity of a long-term mindset. He also critiques government policies that distort economic realities and promotes Bitcoin as a transformative alternative to flawed fiat currencies.
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Unprecedented Financial Crisis
- The current recession is the greatest financial crisis of our lifetime, impacting all financial assets.
- Traditional investment models like the 60/40 portfolio are broken due to zero interest rates and excessive money printing.
MicroStrategy's Bitcoin Strategy
- MicroStrategy bought $4B in Bitcoin since August 2020, resulting in a 93% stock increase and a 77% Bitcoin increase.
- This outperformed gold, bonds, and even big tech, demonstrating Bitcoin's potential as a scarce, desirable asset.
Inflationary Policies
- Government intervention, through policies and regulations, disrupts the free market and contributes to inflation.
- Each policy, even with good intentions, has inflationary effects by diverting resources and increasing costs.