Should Tesla Convert It's Cash To Bitcoin? w/ Michael Saylor

Should Tesla Convert It's Cash To Bitcoin? w/ Michael Saylor

Interview with Michael Saylor, CEO of MicroStrategy. His company has an $800M Bitcoin position and is buying more. As Bitcoin becomes better understood as a store of value (digital gold 2.0), should more companies adopt MicroStrategy’s approach and keep Bitcoin instead of cash/treasuries on the balance sheet?! My vote is yes. As a Bitcoin investor and enthusiast since 2013, it’s fascinating to see this news develop. What are your thoughts on Tesla holding some BTC on it’s balance sheet instead of cash? Will Apple and Amazon be forced to do this, after Square & Paypal have moved? Let me know your thoughts in the comments below!!

Michael Saylor Twitter: https://twitter.com/michael_saylor
MicroStrategy/Hope Bitcoin explainer: https://www.microstrategy.com/en/bitcoin

0:00 Intro, What is MicroStrategy, why put your cash into Bitcoin?
4:58 Inflation & The Increasing M2 Money Supply
9:01 Everybody Is Looking For a Store of Value
10:47 Why MicroStrategy Switched From Treasuries to Bitcoin
16:13 Cash App, Square, Jack Dorsey & Bitcoin
18:09 Bitcoin FOMO Apocalypse Theory
22:16 First Engineered Monetary Network In The World
26:23 Should Tesla Keep Some Cash In Bitcoin?
31:35 When will it be against Fiduciary duty to not own bitcoin?
34:12 Three Drivers of Bitcoin Price
35:56 Who is the first Big Tech company to integrate Bitcoin? Apple, Amazon, Tesla?

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Music by Gali: https://soundcloud.com/galimusic/floati-v2

Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 12/15/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock.

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