The Prof G Pod with Scott Galloway State of Play: Bitcoin and Cryptocurrencies
Dec 17, 2020
Michael Saylor, co-founder and CEO of MicroStrategy, dives deep into his bold Bitcoin strategies, detailing why he sees it as a pivotal investment for companies in times of currency crisis. He discusses the risks and rewards of cryptocurrency, emphasizing its potential as a store of value amidst inflation. Saylor also shares insights on navigating a world of superabundance and the importance of innovative thinking in the volatile financial landscape, all while touching on broader topics like Disney's evolving streaming strategies.
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Bitcoin's Dual Nature
- Bitcoin is a decentralized crypto asset network, offering a solution to currency devaluation.
- It acts as a monetary network and a safe haven asset, storing and channeling monetary energy.
Bitcoin as an Asset
- Bitcoin, as a limited-supply currency, functions as an asset, immune to political manipulation.
- It's a crypto asset, a store of value in a world facing currency inflation.
Fiat vs. Scarce Assets
- Traditional assets like real estate, bonds, and stocks are fiat instruments, susceptible to inflation.
- Bitcoin's scarcity and decentralized nature offer a solution by providing a transparent and secure store of value.