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While many are not convinced with certainty about Bitcoin’s future, BTC advocates continue to propagate that BTC is the future of the internet.
Those who are not convinced about the reasons – there are exhaustive explanations from Michael Saylor in his long and short interviews with different curious interviewers. It helps to explore those interviews.
Several investors look at Bitcoin, Altcoins, Meme Coins and Dog coins and everything about the cryptocurrency as a same sport. It is not like that everything is different. BTC is surely different from the rest.
Michael Saylor, Bitcoin enthusiast, Mega believer: “Bitcoin is the future of the Internet.”
It is really amazing that even during these volatile periods Michael’s faith has not been shaken – despite BTC having had a steep sell off.
CNBC Question: So, what is MicroStrategy’s long-term crypto plan?
Michael Saylor: No in my entire career, I have never seen a thing as compelling and unstoppable as Bitcoin. It is extraordinary and enthusiastic. There are 8 billion people in the planet that need digital property. And Bitcoin is the dominant digital property network. So, if you zoom out and you ask the question, how you are going to provide economic prosperity to billions of people at the speed of light over a computer network. There is no better idea than Bitcoin.
When Bitcoin is not going up and when you are seeing big losses there on the Balance sheet? Microstrategy stocks are up by a factor of 4. Our customers are delighted. Our shareholders have made billions of dollars. Our employees are all shareholders in the company.
Our attrition rates are at an all time low. It is actually great for our brand and great for our customers and great for the enterprise. No complaints at all.
CNBC Question: So, it is a long-term strategy, just to keep this business as is and continue to add Bitcoin? Answer: Our long-term strategy is kind of like the Harvard University. We are running a university, but we have an endowment. Microstrategy is selling enterprise software. We generate 100 million dollars in cash flow over a year. And we are reinvesting that cash in our endowment. Our endowment is 100% Bitcoin. So, the balance sheet strategy is required to hold Bitcoin. The operating strategy is to sell Enterprise software to everywhere else in the world.
Those who want to know more should watch the full video.
Community Response: Instead of pumping your bags by onboarding people to BTC. Take a 100m and buy and stake HEX and watch what happens.
HEX? You may not follow him, but he has explained that a few times already. Watch his interviews.
I have a desire to work harder at separating and correcting Bitcoin away from “crypto” especially on these normie mainstream avenues. This is driving me crazy more and more. There is Bitcoin then there are Altcoins. They aren’t in the same ballpark. Not even the same sport.
He publicly recognized he was wrong, and it’s admirable someone doing that.
I love the MSM saying 6% inflation. CPI is a made-up basket of goods from the FED. Calculate meat, oil, gasoline, it’s in the upper 20-30% increases on these commodities.
I love how she clings to the 6% CPI number. I wonder how many progressive cantillonaires realize they are accreting the value energy of those they claim to defend.
Love the pushback questions; leaves a perfect opportunity to educate.
She was trying to burn you say dog with some pointed questions but you kept it real if you know what I’m saying.
But there are a finite number of bitcoins, so I think the price of Bitcoin has unlimited upside in the future. Even though I know Bitcoin could go up to $1 million in the next 10 years.
That’s not the whole truth, there are some other blue-chip cryptos like Elrond, ADA, Luna, and so on. With better protocols, faster, and also decentralized.
Its’ not decentralized if we know the creator, and think, like for global trading we can’t have 10 coins for change material, we need one currency that rules all, and end this manipulative government money value over debts, bitcoin its energy money, asset, so the king will live and as chosen.
Not only for the internet but for trades to spend everything. It unites all world under 1 umbrella. No need to convert your money when you move to another country. Few.
The anchor corrects Michael to say USD only devalued 6% like that’s something to be positive about.
This is only temporary, the dollar will depreciate even more in the future, what do you think?
Great interview Michael, you delivered your argument brilliantly, as usual. The interviewer tried to mumble that inflation was only 6% last year, but she’s using the government-influenced BS metrics like CPI. Real inflation hasn’t been recorded in the US since the 1980s.
Huge! Nice job. It’s not that hard when you truly believe in BTC. Thank you for what you are doing for this space.
The only future of bitcoin is going to be 0 when XRP and XLM become the World coins keep trying to push the price up with the scam so you can sell high.
Lol Michael Saylor says “USD inflation is 20%” and then the reporter says “6%” under her breath. Lady the Dollar Store is now the Dollar and 25 Cents store, not the Dollar and 6 Cents store.
Bitcoin hash rate has recovered from the 2021 China mining ban! And it happened quickly. 50% of mining in China was a major criticism. Naysayers would say BTC is not decentralized. Also, the majority of mining now uses renewable energy. BTC price will reflect these realities in 2022.
What is Bitcoin used for I still don’t understand Bitcoin? I currently use Ethereum and it does everything I expect of a cryptocurrency I can buy things. What does Bitcoin do? Some explain to me.
Bitcoin is a cryptocurrency based on a decentralized peer-to-peer network and consensus initiative, open-source code, and blockchain as the underlying technology.
