Cryptocurrency

Bitcoin maximalist Michael Saylor answers ‘the question of our time’



MicroStrategy Executive Chairman Michael Saylor explains the global impact of Bitcoin on ‘Making Money.’ #foxbusiness #makingmoney

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♪. CHARLES: ALL RIGHT, FOLKS DON’T LOOK NOW, BITCOIN IS ON FIRE, THIS TIME WITH FAR LESS FANFARE. PART OF THE REASON, THE BOOM, BUST CYCLE, THE HISTORY OF THIS CRYPTOCURRENCY, BUT TAKE A LOOK AT THIS, AT THE TOP OF THAT SCREEN SINCE 2011, THE ORANGE IS BITCOIN. IT HAS BEEN THE BEST-PERFORMING

ASSET 10 TIMES AND ON THE BOTTOM OF THE CHART HAS BEEN THE WORST PERFORMER THREE TIMES. ALL IN ALTHOUGH, I THINK IT HAS A HELL OF A TRACK RECORD. NOW, FOLKS ARE REALLY PILING IN. THE BITCOIN SPOT ETFs THEY STARTED REALLY STRONG. THEY FELL APART FOR A MOMENT. NOW THEY’RE PICKING UP BIG-TIME

MOMENTUM AFTER STUMBLING OUT THE GATE. I SUSPECT THE BANDWAGON WILL FILL UP QUICKLY AS BITCOIN BREAKS THROUGH PIVOTAL RESISTANCE. A WHOLE LOT OF FOLKS WHO DON’T KNOW ANYTHING ABOUT CRYPTOCURRENCY BUT WANT A PIECE OF ACTION. SOMEONE THAT KNOWS EVERYTHING ABOUT IT, MICROSTRATEGIES, PRESIDENT, MICHAEL SAYLOR. I LISTENED TO A PODCAST, YOU DO

A LOT OF THEM WHICH IS GREAT BECAUSE YOU’RE REACHING OUT TO PEOPLE, REAL FOLKS OUT THERE BUT SOMETHING YOU SAID STUCK OUT TO ME, I WANT YOU TO LISTEN TO IT BUT I WANT THE AUDIENCE TO HEAR IT AS WELL. LET’S PLAY IT. >> ROBERT ASKED ME ON HIS SHOW WHAT IS MONEY?

I HAD NEVER QUESTIONED WHAT IS MONEY AND THEN WE EXPLORED IT TOGETHER FOR MANY, MANY HOURS AND WHEN I FINISHED THAT EXPLORATION MY CONCLUSION WAS, MONEY IS ECONOMIC ENERGY. CHARLES: ECONOMIC ENERGY. WHAT DOES THAT MEAN? >> YEAH. IT IS THE QUESTION OF OUR TIME, CHARLES AND IT IS A QUESTION I

WENT MOST OF MY ADULT FE WITHOUT UNDERSTANDING. ECONOMIC ENERGY IS CAPITAL. ECONOMIC ENERGY IS WEALTH. SO IF YOU THINK ABOUT THE WEALTH IN THE WORLD MAYBE $900 TRILLION OF IT RIGHT NOW AND IT IS TIED UP IN REAL ESTATE AND STOCKS AND BONDS AND CURRENCIES, COLLECTIBLES ET CETERA. THE CHALLENGE IS, THAT CAPITAL

IS ANALOG CAPITAL FROM THE 20th CENTURY AND BITCOIN REPRESENTS THE DIGITAL TRANSFORMATION OF CAPITAL AND YOUR CHART YOU JUST SHOWED WITH THOSE ETFs, SHOWED EVERY DAY IN THE LAST FIVE DAYS $481 MILLION IS FLOWING OUT OF THE ANALOG WORLD INTO THE DIGITAL WORLD AND WHAT IS GOING TO DRIVE BITCOIN IS ESSENCE THE

CONVERSION OF ANALOG CAPITAL TO DIGITAL CAPITAL, THE KILLER USE CASE IS CAPITAL PRESERVATION AND CAPITAL APPRECIATION. YOU KNOW, THE NAME OF THE SHOW IS “MAKING MONEY,” THAT IS WHAT EVERYBODY WANTS TO DO AND MONEY IS CAPITAL. CHARLES? IN THE SAME SHOW YOU TALKED ABOUT ROCKEFELLER, MODERN ROBBER BARONS, IT IS A BAD THING

TO BE A ROBBER BARON BUT WE KNOW THEY HELPED CHANGE THE COURSE OF HUMANITY, NET-NET FOR THE POSITIVE BUT JUST THE IMPLICATIONS WHAT CAN BE DONE ONCE YOU CONVERT, THIS CONVERSION YOU’RE TALKING ABOUT, GOING FROM THE ANALOG WEALTH CONVERTING IT TO DIGITAL WEALTH, HOW MUCH MORE POSITIVE CAN IT BE FOR HUMANITY OVERALL?

>> CIVILIZATIONS RISE AND FALL BASED ON THE CREATION OF CHANNELING ENERGY. WE THINK POWER ENERGY DELIVERED IN A CERTAIN PERIOD OF TIME WITH FOCUS. ALL ABOUT FIREPOWER, AIR POWER, NUCLEAR POWER, ROCKEFELLER GAVE US LIQUID ENERGY IN THE FORM OF OIL. BITCOIN IS DIGITAL PROPERTY. IT IS CONVEYED BY DIGITAL POWER.

THOSE BITCOIN MINERS ARE DIGITAL POWER PROVIDERS. IT IS THE MOST POWERFUL COMPUTER NETWORK IN THE WORLD. WE SEE THIS AS PROFOUND BECAUSE THERE IS HUNDREDS OF TRILLIONS OF DOLLARS OF WEALTH IN THE ANALOG WORLD AND THERE IS NO DOUBT IT I DECAYING. BONDS ARE LOSING VALUE BECAUSE OF INFLATION.

REAL ESTATE IS LOSING VALUE DUE TO PHYSICAL DECAY. STOCKS LOSE VALUE BECAUSE OF COMPETITION AND PRODUCT CYCLES AND ACTS OF GOD. SO THE PEOPLE OF THE WORLD, THEY’RE LOOKING FOR A NEW IDEA AND BITCOIN IS THIS IDEA OF PUT YOUR MONEY IN CYBERSPACE WHERE IT IS NOT GOING TO BE AFFECTED

BY WEATHER AND WAR AND SUPPLY CHAINS AND ALL OF THE THINGS THAT HAVE PLAGUED US IN THE 20th CENTURY. CHARLES: TO THAT END, MICROSTRATEGY REBRANDED ITSELF, NOW CALLED BY THE COIN DEVELOPMENT COMPANY. WHAT EXACTLY DOES THAT MEAN? ARE YOU MOVING COMPLETELY AWAY FROM THE TRADITIONAL BUSINESS? >> NO, WE’VE GOT A VERY HEALTHY

SOFTWARE BUSINESS BUT WE’VE NOW GOT NEARLY $10 BILLION IN BITCOIN AND WE HAVE A VERY LARGE EQUITY MARKET CAP AND WE CAN TAP THE CAPITAL MARKETS AS OPERATE COMPANY. WE CAN LEVERAGE MARKET CAP TO ISSUE EQUITY, BUY BACK DEBT. WE CAN RESTRUCTURE OUR CAPITAL STRUCTURE SO OUR SHAREHOLDERS GET MORE BITCOIN.

YOU WANT TO DEVELOP NEW YORK CITY, YOU WILL BORROW MONEY AND BUILD A BUILDING YOU KNOW. WHAT WE’RE DOING IS WE’RE ISSUING SECURITIES IN ORDER TO BUY BITCOIN, IN ORDER TO PROMOTE THE BITCOIN NETWORK, LOCK UP THE BITCOIN FOREVER AND THEN BUILD THE ENTIRE ECOSYSTEM. CHARLES: I GOT TO TELL YOU, I

WOULDN’T BET AGAINST YOU, MICHAEL AND I THINK A WHOLE LOT OF FOLKS LEARNED THAT THE HARD WAY. CONGRATULATIONS ALWAYS APPRECIATE WHEN YOU COME ON TH

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48 Comments

  5. @John-fp1ce

    VanEck B T C ETF agrees to pay $1.75 million to settle SEC charges of failure to disclose social media stock influencers. SMCI experienced an astonishing surge of 6000% within a mere three years following its delisting due to stock fraud. Shockingly, the CEO, Charles Liang, deceived investors with false statements

  7. @tonysid3563

    I love how people invent wealth based on nothing.
    If bitcoin is based on the value of "analog" money, how can its value be any different than the analog money it is based on?
    If analog money becomes worthless, how would you spend digital bitcoins if it doesn’t equate to an "analog" value because the analog value is zero?

    If SHTF, you're starving and all you have to trade is digital bitcoin and you want to buy my fresh veggies, why should I sell them to you in exchange for digital bitcoins that I can't eat or do anything of value with? Even gold becomes worthless then.
    Bitcoin is no different than the value added to your wealth by the banking system, which is zero.

    Before "investing" in money of any type, buy land, raise animals and grow food crops that you can survive on, while the investors eat their bitcoins. 😏

  8. @peterrichards931

    I would love to find an easy way of moving from FED-diluted dollars to crypto currency….but the US government still is the most powerful economic entity on the planet, and in an absolute crisis, it still poses more stability to the average person on planet earth than crypto will. Meanwhile, gold is still 'the standard' for me…and has the longest track record of any backup currency. That said, I hope crypto investors do do-well going forward…!!

  12. @darioz5894

    So glad I bought 6 Bitcoins in 2017 for 10k. My only regret in holding this long is not buying more at that price, but I'm happy! Legit deflationary asset 👍

  14. @williammh284

    As a newbie about to invest, you must have these three things in mind
    1. Have a long term mindset.
    2. Be willing to take risk.
    3. Be careful on money usage, if you're not spending to earn back,then stop spending.
    4. Never claim to know-Ask questions

  24. @Jake-mv7yo

    All these coins are a scam and money itself shouldn't be necessary. If we can use huge amounts of computers to solve pointless math problems we can figure out a way to give everyone debit cards that allow them to trade any commodity or equity for any product and the computers will do all the necessary trades to make this happen. That way there is no more money printer and everyone actually owns something.

  25. @charkyicenhour587

    Economic Energy?? The Catch 22….. Need Work to pay for Rent… Need Rent to prepare self to work.
    Need work to pay all the bills. And barely groceries. Barely furniture. Barely TV Movies. Another 2nd job. Closer to 50 hr work weeks. To barely buy dinner buffet.

  29. @averywyatt1010

    .I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about 246k, but guess what? I put it all back and traded again and now I'm rounding up close to a million.,

  32. @monicaryden9925

    The volatility of the crypto market demonstrates how rapidly circumstances can shift. The recent spread of misinformation serves as a reminder that external influences can disrupt the market. In the world of crypto trading, being strategic and well-informed is not optional, but essential. It is important to exercise caution as well as ambition in this unpredictable environment. It is crucial to remain vigilant, diversify investments, and navigate the market together. At the center of it all is Jessica Marie Gibbs, whose extensive knowledge of both crypto and traditional trading strategies makes her an invaluable asset. Her comprehensive investment approach and ability to stay current on trends make her a trusted ally in the world of crypto trading.

  34. @GOLDBlueGR33NObeliskVsRed

    CENTRALIZED INFLATION has nothing to do with DECENTRALIZED DEFLATIONARY CRYPTO LIKE BITCOIN — BITCOIN PULLS MONEY OUT OFF INFLATIONARY MARKETS THUS LOWERS INFLATION BY CAUSING MORE RARITY OF DOLLARS IN CIRCULATION
    Only GOLDSTANDARD Functioned like Bitcoin, to pulling money out off circulation when gold was hoarded FORCING PRICES LOWER.

    (I BELIEVE ONLY BITCOIN FORCES GOLDSTANDARD TO BE REINSTATED AS IT WOULD FORCE THE DOLLAR OUT OFF BITCOIN to BUY US MINTED GOLD OR SILVER)

  46. @planetsaver

    This is one of the few people that benefits from the scam that is cryptocurrency and somehow, with their gimmicks and publicity, they convince people to buy into these, ultimately setting them up for disaster. Since I lost almost everything in the Luna crash, it became clear to me that anything Crypto is just thrash and a tool to fleece people and this has always played out to be true so far. The sooner people realize this, the better for us all.

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