Michael Saylor is the CEO of MicroStrategy and a prominent holder and proponent of Bitcoin. Please support this podcast by checking out our sponsors: – Scale: https://scale.com/lex – Coinbase: https://coinbase.com/lex to get $10 in free Bitcoin – Audible: https://audible.com/lex to get $9.95 a month for 6 months – NetSuite: http://netsuite.com/lex to get free product tour – SimpliSafe: https://simplisafe.com/lex and use code LEX EPISODE LINKS: Michael’s Twitter: https://twitter.com/saylor MicroStrategy: https://microstrategy.com/ Michael’s Book: https://amzn.to/37J2iA0 Book mentioned: https://amzn.to/3jwsIaP PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: – Check out the sponsors above, it’s the best way to support this podcast – Support on Patreon: https://www.patreon.com/lexfridman – Twitter: https://twitter.com/lexfridman – Instagram: https://www.instagram.com/lexfridman – LinkedIn: https://www.linkedin.com/in/lexfridman – Facebook: https://www.facebook.com/lexfridman – Medium: https://medium.com/@lexfridman OUTLINE: Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) – Introduction (07:09) – Grading our understanding (19:27) – Inflation (39:03) – Government (1:00:13) – War and power (1:11:23) – Dematerializing information (1:42:45) – Digital energy and assets (1:54:23) – Oil barrel vs Bitcoin (2:03:43) – Layers of Bitcoin (2:20:53) – Bitcoin’s role during wartime (2:25:37) – Jack Dorsey (2:41:58) – Bitcoin conflict of interest (2:48:39) – Satoshi Nakamoto (2:54:04) – Volatility (3:06:30) – Bitcoin price (3:18:46) – Twitter verification (3:27:42) – Second best crypto (3:33:24) – Dogecoin (3:37:57) – Elon Musk (3:43:26) – Advice for young people (3:54:54) – Mortality (3:57:59) – Meaning of life

Michael Saylor, the executive chairman of MicroStrategy, is a Bitcoin advocate known for predicting its rise. He argues that Bitcoin is the antidote to inflation and the key to generational wealth. He explains why 2024 will be pivotal for institutional adoption and outlines his vision of Bitcoin reaching $13 million per coin. Saylor discusses the erosion of cash's value due to inflation, the dynamics of capital flow towards Bitcoin, and the importance of educating the masses about its potential. This conversation blends economics, finance, and the future of currency.

IN THIS EPISODE, YOU’LL LEARN: 01:48 - Why does Michael believe that if the money isn't scarce, every desirable good on the planet will become scarce? 09:25 - What is irrational urgency and why does it exist with a fiat system? 21:07 - Is it possible to not inject energy into money and keep it sound? 30:41 - Why do so many people miscalculate how much energy Bitcoin will use in the future? 38:19 - Why is it so hard for people to wrap their head around Bitcoin mining in general? 44:53 - Is the environmental and energy issues currently playing out in the world connected to what Bitcoin is solving for? 58:51 - Where should we start when we think about the energy and environmental impact that's currently plaguing the world? 01:13:36 - Why is it important to keep the monetary constants unchanged? 01:26:42 - What is Bitcoin really solving for, versus every other crypto asset? 02:14:40 - Is Bitcoin the best ESG incentive in the world right now? 02:27:47 - Michael's overall thoughts on why Bitcoin is so important to get right. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The article from Baseload BTC: Green-Shaming No More. Michael's Twitter. Michael's resources on Bitcoin: Hope.com. Related Episode: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery - BTC098. Related Episode: Masterclass In Economic Calculation w/ Michael Saylor - BTC005. SPONSORSSupport our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this engaging discussion, Michael Saylor, executive chairman of MicroStrategy and a leading Bitcoin advocate, unpacks Bitcoin’s transformative potential beyond a simple currency. He highlights how inflation erodes wealth and predicts Bitcoin could soar to $13 million. Saylor addresses the threats posed by quantum computing and emphasizes Bitcoin's adaptability. He shares insights on its role in combating economic crises and the U.S.'s chance to lead a crypto renaissance. Additionally, he stresses the paradigm shift from gold to Bitcoin as the future of capital investment.

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build an intellectual foundation for grasping the significance of Bitcoin in the grand arc of history.00:00:00 - Episode Trailer00:01:03 - Robert's Intro00:07:43 - Stone Age Technology00:07:50 - The Digital Transformation of 2020: Currency & Covid Wars00:13:08 - The rise of man against the brutality of nature00:17:23 - Requirements for Survival in a Hostile Universe00:19:12 - Significance of Fire: channeling chemical energy to evolve00:21:28 - Foolishness of Heroics & Need to Channel Energy00:23:48 - Modern arrogance & Paleolithic wisdom00:25:48 - Energy efficient strategy critical for survival00:26:44 - “Playing with Fire” is unique to humanity00:27:17 - Spiritual significance of fire to civilization00:28:59 - Significance of Missiles – channeling kinetic energy for survival00:30:06 - Effectiveness of Slings & Arrows in the Ancient World00:33:38 - Roman Slingers vs. Gaulic Tribes (Second Punic War)00:34:31 - “Death from Above” : On the Romantic ineffectiveness of close quarters weapons like swords & spears00:37:10 - Survival Strategy with Missiles00:38:54 - Dominant Technologies deliver force harder, faster, stronger, smarter Superiority of Digital Gold vs. Physical Gold00:40:36 - Significance of Hydraulics- channeling gravitational energy via water00:41:51 - MIT’s Mascot – The Beaver “Nature’s Engineer” channeling water00:44:05 - Significance of Water to Humanity – Water is Wealth00:44:46 - Challenges of Life in the Desert – Water is Elemental to Life00:47:26 - Hunter/Gatherer Myths – a better survival strategy based on channeling water00:49:54 - Water for food, drink, protection, farming lobsters00:52:36 - “Nature tends to pursue the most energy efficient strategy”00:53:15 - Building the pyramids by channeling gravitational energy00:55:06 - Water for Sanitation – Critical to Civilization - Santorini Epiphany00:57:40 - Limits of Animal Power – Design of Ancient Cities00:58:57 - Significance of the Roman Equestrian Class – Ancient Clean Energy00:59:59 - Mediterranean as the Cradle of Civilization, Ancient Empires01:03:22 - Agriculture – Orchards & Ponds01:04:36 - Human Adaptation to Natural Requirements to Survive01:06:28 - “3 minutes without air, 3 days without water, 3 months without food”01:08:20 - Roman Superiority in the Ancient World –“Most Organized Society in Ancient World”01:08:43 - Roman Politics & Natural Life Cycle “The Ides of March” Elections, Religion, Celebration, Taxation, Training, Campaigning01:12:02 - Roman Roles, Consensus Rules & Balance of Power, Antifragility01:13:26 - Annual Patterns, Natural Life Cycles, Replenishment & Revitalization01:14:26 - Virtues of Equity & Opportunity, Perils of Centralized Power, Corruption Romans are Antifragile01:16:01 - Benefits of Term Limits & Wisdom of Military Career System (Darwinian Progression)01:18:08 - Nuclear Aircraft Carrier Management Wisdom01:21:04 - “Everyone needs their turn” - inspiring hope and devotion01:22:19 - Benefits of Decentralization & equal opportunity “Graveyards are full of tombstones of indispensable men”01:24:09 - Roman Dignity, Pride, & Honor -Citizenship & Submission to Nature01:24:45 - Romans suffered no Kings – Accountability Roman System bred Harder, Stronger, Faster, Smarter Individuals01:27:43 - Roman Army “There was never such thing as a fair fight” Standard tools, techniques – the most organized ancient army01:30:33 - Roman Military Industrial Complex – Creation of the Roman Navy01:32:42 - War has a way of quickening innovation & activity – Stealing good ideas01:33:44 - Roman Roads & Standardized Logistics01:37:27 - Darwinian & Competitive Advantages of Standardized Protocols01:39:26 - Roman Aqueducts & Roman Engineering Credo of the Engineer “Construct a better world”01:41:21 - The Bridge at Alcantara “This bridge will stand for all time”01:42:49 - Breakdown of the Political & Monetary Protocols & Decline of Rome01:44:42 - The importance of weights, measures, & truth (Taleb) Importance of respect for natural law to societal health01:45:29 - Consequences of breaking the laws of nature01:46:57 - Perils of growth in the political & legal apparatus01:47:42 - The virtues of pain, dangers of attempting to suppress signal (Taleb) Law of Gravity cannot be Suspended01:49:42 - Robert's outro02:20:57 - The EndSupport me via: SubscribeStar: https://www.subscribestar.com/breedlo... Bitcoin Address: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Follow me on Twitter: https://twitter.com/Breedlove22

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) answer your Twitter questions about how they found success.-----Links:* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.* Want more insights like MFM? Check out Shaan's newsletter.-----Show Notes:(04:40) - Question #1 - Starting again from zero(16:15) - Question #2 - What do look for in business partners(22:45) - Question #3 - How to get Twitter famous(30:45) - Question #4 - Buying a business vs starting one(39:15) - Question #5 - Biggest regrets-----Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.-----Additional episodes you might enjoy:• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits• #209 Gary Vaynerchuk - Why NFTS Are the Future• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto*#169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.00:00:00 - Episode Trailer00:01:06 - Swan Bitcoin00:03:23 - Robert's Intro00:06:08 - Channeling Monetary Energy thru Time & Space00:09:08 - Shipping Energy via Rubber Raft vs. Wooden Ship vs. Steel Tanker00:11:34 - Vacuum sealing food energy & encrypting monetary energy00:13:01 - Creating a wall encrypted energy00:14:07 - “Money is Power” Monetary Energy is a highest form of power. How much power can flow into Bitcoin? Price is Voltage.00:16:12 - Thoughts on S2F model.00:17:12 - Bitcoin Power= function of Adoption, Utility, Productivity, & Inflation00:17:48 - Adoption -Measuring & defining (Hodlers, Treasury Reserves) Mercenary Traders vs. Citizen Owners – Degree of Commitment00:24:39 - Bitcoin is a closed thermodynamic system00:26:02 - Degrees of Commitment to Adoption of Bitcoin (True Adoption Rate)00:26:49 - Perils of leveraging with insurance vs. BTC treasury reserves00:39:54 - Perils of leveraging with debt vs. BTC treasury reserves00:33:59 - Inflation drives debt drives fragility00:35:04 - Currency wars make cash toxic -inflation vs. hyperinflation (chemotherapy, diabetes, metabolic disease, organ death)00:39:03 - Calculating overall adoption of monetary network & progression00:41:54 - Comparison to (and limits of) Facebook, Apple networks00:43:49 - Adoption by NGOs, Governments, Institutions, Investors, Companies00:45:39 - Teamwork, Syndicated Energy, & Historic Examples00:46:49 - Bitcoin adoption organizes & channels energy participants00:47:55 - Perils of Trading Bitcoin & Benefits of Hodling Bitcoin High Frequency SoV, Low Frequency MoE00:59:49 - “Nothing wrong with living forever”00:51:49 - Benefits of Never Selling an Asset & Using it for Debt00:55:04 - The ideal holding period of an asset is forever00:55:59 - Avoiding fragility from leverage, risk models01:01:59 - Impact of Interest Rates on Financing01:02:19 - Increasing the Utility of the Bitcoin Network01:06:13 - Impact of Productivity Growth on the Bitcoin Network Sweeping cash flows into the network01:09:17 - Creating the first cyber economy via Bitcoin01:10:34 - Comparison to American economy01:12:49 - “A swarm of military assets behind a wall of water”01:14:39 - Crucibles of Innovation require an Insulator to preserve Energy01:15:20 - Impact of Inflation on Power of the Bitcoin Network Translating energy into fiat frame of reference01:18:31 - Value of Bitcoin varies by Domain, Inflation Rate drive rate of Adoption01:19:49 - Final Thoughts of Bitcoin Network Power Equation & Adoption01:23:04 - Bitcoin is the first conservative monetary energy system Energy is truth…can be neither created nor destroyed01:24:09 - Final Thoughts on Bitcoin Energy is the ultimate scarce asset in the university Laws of Thermodynamics. You can’t cheat. There is no such thing as a free lunch. Newtons Laws are the basis of all mechanics. Bitcoin is the first time Technology crashed into Economics01:30:14 - Robert's Outro02:10:27 - End--See My Work: https://linktr.ee/breedlove22Contribute Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22

Entrepreneur Michael Saylor discusses why Bitcoin is fail-proof, responsible wealth management strategies, expectations for Bitcoin halving, and Bitcoin's role as a store of value and digital capital. The conversation also explores Bitcoin evolution, financial strategies, comparisons to traditional stocks, insights on Bitcoin halving, and the future of Bitcoin as a dominant global currency.

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build the intellectual foundation necessary to truly grasp the historic significance of Bitcoin.00:00:00 - Episode Trailer00:01:04 - Swan Bitcoin00:03:23 - Robert's Intro00:05:45 - Bitcoin - The first digital monetary energy network00:19:58 - Channeling energy – money as the highest form of energy00:12:47 - The most efficient way to channel energy thru time & space Challenges of channeling & storing energy on power grids Gold money as an energy network00:17:26 - Copper energy networks vs. Gold energy networks00:21:54 - Challenges of channeling energy thru time & space with Gold00:23:27 - Gold & counterparty risk. “Over a long enough timeline, the mortality rate is 100%”00:24:45 - Gold & commodity risk “Gold miners are the enemy of gold owners”00:30:37 - Gold Standard & stabilizing energy in solid state00:32:07 - Businesses always strive to avoid being commoditized00:33:07 - Facebook, Apple, Google networks vs Electricity & Water networks.00:34:09 - Challenges of using Big Tech as a Store of Value00:33:17 - Regulating Standard Oil, Electricity as utilities00:36:23 - Summary of Gold Defects over time- Mining, Banks, Centralization, Politics00:37:24 - Gold not fast enough (Bitcoin vs. Gold)00:41:32 - Bitcoin is 1000x faster than Gold, 50,000x cheaper to move00:42:22 - Bitcoin like Mass Transit system00:43:17 - Bitcoin as a superconducting energy network00:44:34 - Encrypted monetary energy has achieved escape velocity from the gravity well00:45:54 - The most efficient system for channeling energy thru time & space00:47:37 - Monetary Systems – Fiat vs. Gold vs. Bitcoin00:50:37 - Finding more Gold & fracking more Oil00:53:19 - Being a tech cynic is a losing trade “Malthusian Falacy”00:54:55 - “Technology Fails until it Succeeds”00:55:52 - Intellectual Mistake to run Money on Commodities rather than Math00:57:02 - Bitcoin channels human ingenuity constructively00:57:56 - Fiat (-99%) Gold (-95%) Bitcoin is lossless over time w/healthy friction thru space00:59:13 - Transaction fees are healthy and essential00:59:43 - Bitcoin energy network vs. Real Estate energy network Energy loss, transaction speed, fees in property network01:02:52 - Challenges of using Property as Store of Value01:03:39 - Future Bitcoin Transaction fees Comparison to bond market, credit cards01:04:37 - Cities are built at the central nodes of transaction networks Free ports, customs fees & shipping through history Real world considerations for transaction fees Bitcoin transactions fees are competitive01:08:10 - Bitcoin mining is a commodity business with risks Mining fees are consensual, competitive, & constructive01:10:35 - Robert’s Outro01:47:21 - EndContribute Bitcoin:3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22See All my Work: https://linktr.ee/breedlove22

Michael Saylor joins me to discuss anthropology, energy, and technology from first principles as we build an intellectual foundation for grasping the historic significance of Bitcoin.00:00:00 - Robert's Intro00:04:19 - Humanity’s missteps – 1000 years wasted00:06:19 - Struggles inventing the Printing Press00:07:35 - Trajan’s Column & forgetting that the world is round00:10:03 - Native Americans & Failure to Grasp the Wheel00:12:19 - Starting a Fire in Cyberspace with the Bitcoin Network00:13:39 - Guns, Germs & Steel – Stressors makes us Harder & Stronger00:15:19 - Formation of Great Cities at the Center of Empires00:17:19 - The Logic of Empire – Economics, Customs, Taxation00:19:03 - Carthago Delenda Est00:19:50 - The Battle of Lepanto00:20:36 - Venetian Catholics00:21:40 - Channeling & capturing energy via Religion00:22:40 - Manhattan – Nexus of the Bond Market00:24:05 - Amsterdam – Nautical Distribution Center00:24:48 - Martin Luther & the Economic Impetus for the Reformation“It’s useful to have God on your side”00:26:53 - Failed Cities are at the center of Failed Empires00:27:10 - Paris & Cathedral of Notre DameLiving Off the Vestiges of an Empire Long Passed00:28:10 - The Steel Age. “Technology reshapes business, politics, life, & the human condition”00:28:41 - Constructing an energy efficient shipping network00:30:49 - Empires produce security Mongolian Security00:32:05 - Bitcoin primary value proposition is security in the virtual domain00:33:20 - Money is power, control of virtual money can provide physical security00:33:30 - Plight of the German Jews in the 30s – Economic Refugees00:35:30 - Rail Networks – Impact on Economics, Politics, & War00:36:40 - The River War – Winston Churchill00:38:40 - Railroads in the United States (Manifest Destiny)Railroads are 1000x faster, stronger00:39:37 - Standard Oil (Storing & Channeling Energy via Petroleum)00:41:14 - Importance of creating scarcity in oil & standardizing components & quality00:42:49 - 1000x more energy. “Some people can’t do a nickel worth of work”00:44:22 - Food Energy Networks00:44:53 - Stabilizing Food Energy at Room Temperature00:45:45 - Origin of CPG Branding00:46:17 - Marjorie Merriweather Post00:47:20 - Challenges of moving energy thru time & space00:48:10 - Manufacturing Food Products as a Store of Value00:48:30 - Hershey PA Factory as Clean Room Facility00:50:54 - Bitcoin as “The best branded asset in the history of the world”00:51:12 - Great growth companies are powered by technology00:53:00 - Non-technology strategies to grow a business00:54:18 - John D. Rockefeller success00:54:51 - Steel & Aluminum – Elemental Forces00:55:20 - Steel – Elemental to all Civil Engineering & Modern Architecture00:56:25 - Challenges of refining steel00:57:33 - Challenges of explosives00:58:10 - Attributes of Steel that make it ideal for Civil Engineering00:59:06 - Aluminum – Elemental to the Aerospace Industry01:01:20 - Energy Networks – Rail, Air, Food, Oil01:02:08 - Impact of Technology on Life Expectancy (1900 to 1950)01:03:13 - Antibiotics & Conquest of Infectious Disease01:06:30 - Innovation thru trial and error01:07:00 - “The future is already with us, it’s just not evenly distributed”01:07:07 - Robert's Outro01:42:40 - The EndContribute:SubscribeStar: https://www.subscribestar.com/breedlo...Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Stack sats: https://www.swanbitcoin.com/breedlove/Twitter: https://twitter.com/Breedlove22