PBD Podcast Patron Saint of Bitcoin: Michael Saylor | PBD Podcast | EP 128 |
Mar 1, 2022
Michael Saylor, co-founder and CEO of MicroStrategy and a vocal advocate for Bitcoin, joins the discussion to delve into the complexities of cryptocurrency and macroeconomics. He explains his bold investment in Bitcoin and critiques traditional assets, claiming they can't safeguard wealth like Bitcoin can. Saylor warns of potential dollar collapse and shares insights on Bitcoin's role as 'digital energy.' He also emphasizes the need for crypto advocates to enter politics and debates Bitcoin's value against traditional investments like gold.
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Saylor's Bitcoin Investment
- Michael Saylor, CEO of MicroStrategy, invested in Bitcoin in 2020.
- This was driven by the 2020 pandemic and the realization that holding cash was a losing strategy.
Money as Energy
- Money is economic energy, and currencies are just a medium for it.
- Traditional stores of value like gold and real estate have limitations for long-term wealth preservation.
Bitcoin as Digital Property
- Bitcoin is digital property that can be teleported anywhere instantly with minimal maintenance.
- It's a scarce asset, capped at 21 million, unlike gold or real estate.
