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I’ve been diving into cryptocurrency and I do not want any of you to miss out on the opportunity to learn more about Bitcoin and crypto for yourselves. I am all in when it comes to building businesses and being the entrepreneur that I am, but when it comes to finances, I am definitely out of my comfort zone. It feels like a movement going on around Bitcoin and crypto, and it would feel so wrong to not bring you, someone, I think you should definitely spend time researching, Michael Saylor. The once-in-a-lifetime opportunity that is accessible to nearly every single person cannot be disregarded out of ignorance. Michael is an MIT graduate and the CEO of Microstrategy and a self-appointed ambassador for the Bitcoin Movement, whose explanations of what Bitcoin is and why this is so important is one of the best I’ve heard in my own pursuit to better understand cryptocurrency. Listen, research, and do what is best for you, but I urge you to make an informed decision.
SHOW NOTES:
0:00 | Intro to Microstrategy
3:53 | Michael on Growing $16M Company
7:19 | Michael on Technology Risks
11:22 | Michael on First Principles Thinking
15:25 | Michael on Engineering Innovation
21:50 | Bitcoin Engineering Impinged Economics
25:51 | Shift in Wealth & Devaluing Currency
28:50 | Inflation Myth Debunked
34:26 | Hyperinflation Problems
38:24 | Michael on Why Cash Is Trash
43:03 | Michael on Beating Devaluation Of Cash
48:48 | Converting Weak Currency To Stronger
51:20 | Why Bitcoin Is More Desirable
1:05:11 | Bitcoin Volatility Isn’t A Problem
1:15:53 | Bitcoin Solution For Rich And Poor
1:20:57 | Is Bitcoin A Fad Or Secure Asset?
1:22:49 | Michael On Sustainable Energy & Elon Musk
QUOTES:
“If you look at the design of a chambered Nautilus, what you see is nature’s solution for growth under pressure, and I think that’s how technology companies work.” [8:45]
“Bitcoin is the first point in human history where engineering impinged on economics, […] Bitcoin was the first time when we created a digital monetary asset, a pure digital token on a pure digital network..” [21:56]
“When you yourself can reason from first principles, now you can act at a moment of tremendous uncertainty.” Tom Bilyeu [23:50]
“I have to invest it in a strategy, which is going to appreciate faster than the money is devalued.” [40:07]
“So the discount rate is jumping, which means the value of the cash flows into the future is collapsing.” [48:30]
“Bitcoin is the strongest asset the human race has ever invented, it’s like gold with none of the defects of goal.” [51:22]
“The volatility is the price you pay for the performance that you get, and oftentimes, the best investment idea isn’t the most comfortable investment idea” [1:05:24]
“It’s very rare that you find it a technology that’s the solution to every rich person’s problem and every poor person’s problem simultaneously.” [1:20:28]
Guest Bio: Mr. Saylor attended the Massachusetts Institute of Technology (MIT) on a full Air Force Reserve Officer Training Corps scholarship. While at MIT, he was a member of the Theta Delta Chi fraternity, and obtained dual degrees in aeronautics and astronautics as well as science, technology and society.
Follow Michael Saylor:
Website: https://www.hope.com/
Twitter: https://twitter.com/michael_saylor
Facebook: https://www.facebook.com/msaylor
Instagram: https://www.instagram.com/michael_saylor/
1:39 | Starting MicroStrategy
3:53 | Growing $16 million with risks
7:19 | Nature of technology risks
11:22 | First Principles thinking, intellectually fearless
15:25 | First Principles engineering
21:50 | Bitcoin, engineering economics
25:51 | Shift in wealth with devaluing currency
28:50 | Inflation myth debunked, unpacking the problem
34:26 | Hyperinflation in bonds, crypto, luxury items
38:24 | Cash is trash, how its losing value, and at what rate
43:03 | Money decomposition, Beating the devaluation rate of cash
48:48 | Converting weak currency to stronger assets
51:20 | What’s bitcoin, why bitcoin is more valuable and desirable
1:05:11 | Bitcoin volatility isn’t the problem
1:15:53 | Bitcoin accessibility for and solution for rich and poor
1:20:57 | Is Bitcoin a fad or secure asset?
1:22:49 | Bitcoin, sustainable energy and Elon Musk
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