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Simply Bitcoin
Michael Saylor Just EXPOSED His End Game In New Interview | EP 1095
Oct 11, 2024
Joseph Volbo, author of "Pay Attention to Bitcoin," dives into the controversial double standards between Bitcoin enthusiasts and traditional bankers. He discusses Michael Saylor's ambitions for MicroStrategy to become a leading Bitcoin bank and the innovative strategies to enhance Bitcoin investments. The conversation also tackles the challenges of decentralized finance, the need for true accountability in financial systems, and how Bitcoin offers empowerment against the constraints of conventional banking, sparking a vital discourse on financial independence.
01:16:31
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Quick takeaways
- Michael Saylor envisions MicroStrategy evolving into a Bitcoin bank by leveraging low-interest borrowing to purchase Bitcoin instead of lending.
- By predicting Bitcoin's rise to 7% of global financial capital by 2045, Saylor emphasizes its potential as a hedge against inflation.
Deep dives
Michael Saylor's Vision for MicroStrategy
Michael Saylor, the founder of MicroStrategy, outlines his ambition for the company to become a leading Bitcoin bank, aiming for a trillion-dollar valuation. Instead of following the traditional banking model of lending, MicroStrategy intends to borrow funds at low interest rates and invest them in Bitcoin, with projected annual returns of around 29%. Currently, MicroStrategy holds approximately 252,220 Bitcoin, which is about 1.2% of the total supply, and aims to increase its assets significantly by creating capital market instruments. Saylor believes that Bitcoin is the premier asset for the 21st century and seeks to capitalize on its potential as a hedge against inflation and a reliable store of value.
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Discover
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