

Michael Saylor, Executive Chairman, MicroStrategy – The Bitcoin Buy-in: Embracing a New Paradigm of Digital Capital
14 snips Dec 18, 2024
Michael Saylor, Executive Chairman and co-founder of MicroStrategy, shares his evolution from Bitcoin skeptic to advocate. He discusses Bitcoin's position as a digital capital asset and its potential to disrupt traditional finance. Saylor highlights clues that indicate Bitcoin's permanence and dispels myths held by USD maximalists. He elaborates on the regulatory landscape, suggesting a future where Bitcoin could complement the U.S. dollar's dominance. Engaging in essential discussions, he emphasizes the importance of embracing innovation and understanding new valuation methodologies.
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Due Diligence on Bitcoin
- Thoroughly research Bitcoin by reading books like "The Bitcoin Standard" and various research papers.
- Explore online resources such as debates and speeches to gain a deeper understanding.
Skepticism and New Technologies
- Skepticism towards new technologies like Bitcoin is common and often stems from fear and lack of understanding.
- Senior, successful people often resist new paradigms, illustrated by historical resistance to groundbreaking ideas.
Rock and Roll Analogy
- The older generation's resistance to rock and roll mirrors the current skepticism towards new technologies.
- Like fire, new technologies can be transformative despite initial fear and rejection.