Community Trust ScoreLikely Real
Michael Saylor expressed: An extensive Bitcoin discussion with Peter McCormack on Analog vs. Digital, Engineering vs. Arithmetic, Matter vs. Energy, Property vs. Currency, Evolution vs. Revolution, Entrepreneurs vs. Institutions, and Focus vs. Distraction.
“People joke like, ‘are you going to be 5% exposed, or 100% exposed,’ I’m 500% exposed. I’m not 5%, 50%, we started with $250 million of capital, we bought $3.5 billion of bitcoin.”
— Michael Saylor
Partial Transcript of the Discussion: “It is quite an educational 12 months. I think the first stage of my interaction with Bitcoin was it was defensive, like I was investing in Bitcoin to defend my Treasury.
And, so, first we had a problem and the focus on the problem was the focus upon the currency and the debasement of currency and the fact that treasury strategies were not working. So, with that kind of stress we found Bitcoin. I think the next stage was opportunistic. You know it was like this stock was 120 dollars a share and we thought what if we buy back the stock at 130 dollars a share and what if we will be able to buy some Bitcoin. And, so that was the defensive, very careful rotation of our shareholder base.
The second stage, which started about this time last year opportunistic and our stock doubled. And, then we realized we can actually go and raise money. And, raise money and we thought we could buy some Bitcoin with the money we are going to raise.”
Those who want to know more should check the entire discussion.
Community Response: Thanks for explaining why evolving the current systems with Bitcoin is much easier and more reasonable than replacing the current systems in a revolution. A lot of Bitcoiners don’t understand this. Listen to Saylor, he has a skin in the game of both worlds.
Great discussion, Michael. Something most don’t understand is that you usually get fewer Bitcoin when you sell and try to re-buy in. Many don’t understand how this happens.
I know right? Everyone who doesn’t understand why they bought Bitcoin is going to run to cash again. So, all those who do know why they bought it can get cheaper Sat – Can’t wait.
Laser eyes are still waiting on $100K. Listened to it three times. Everyone can use these strategies, small and big bags. Bitcoin is freedom tech and we need more folks on it.
A wise man can hear profit in the wind. It was a great show. Really constructive conversation.
I was thinking maybe you could ask the community on Twitter to buy bitcoin with 0.5% of their total portfolio every Sunday then I guess nobody could hurt this market.
Absolutely an essential discussion for those wishing to learn why bitcoin fixes everyone’s ability to save and invest without losing purchasing power. Any coin besides bitcoin is a distraction.
