Michael Saylor: The irony of working 40,000 hours and refusing to spend 100 hours to learn how to best save your money.
Michael Saylor: The irony of working 40,000 hours and refusing to spend 100 hours to learn how to best save your money.
My guest today is Michael Saylor, an American entrepreneur and the executive chairman and co-founder of MicroStrategy, a public software and services company that recently announced it is also a bitcoin development company. MicroStrategy is undoubtedly the pioneer in holding the company’s reserves in bitcoin. Till recently, Saylor was MicroStrategy's CEO for 33 years. He’s considered to be one of Bitcoin’s biggest advocates, helping many people on their journey into Bitcoin.
This episode revolves around the complexities of power, technology, and the role of Bitcoin in today’s world.
We discussed the trend of centralizing power in the hands of a few, the benefits and drawbacks of big tech systems, the role of governments, and the need for decentralization. Michael explored the nature of Bitcoin as a digital asset or property, highlighting its global appeal and advantages over physical property. He touched on the role of ETFs, on MicroStrategy’s Bitcoin standard strategy, and concluded with the observation that the road to bitcoin adoption is paved with love and patience.
Insights from this episode:
- Bitcoin's role in the global economy is like a mycelium network, a virtuous network, connecting and benefiting everyone.
- ETFs play a crucial role in Bitcoin's reality by adding value, solving various problems.
- The spread of ETFs globally will continue, with each country likely to have its own ETF.
- MicroStrategy's strategy for raising capital to buy Bitcoin serves as an important case study.
- Spreading Bitcoin with love and patience is essential for adoption.
To be honest, I had a gazillion questions for Michael, but finally I had to choose only a few, and I wish I had 3 more hours to interview him... Perhaps next time!
-- CHAPTERS –
00:00 - Coming Up...
01:35 - Introduction of Michael Saylor
02:45 - Centralization of Power - The Good, The Bad & The Ugly
09:20 - Ad Break (Trezor, Bitcoin Nashville)
10:35 - The "Twitter-cane"
21:10 - Bitcoin: A Digital Asset & Property. Or Currency?
34:00 - ETFs Role in the Game of Bitcoin
42:25 - MicroStrategy's Capital-Raising Strategy for Bitcoin
48:15 - Saylor Approached by Other CEOs?
50:35 - Spreading Bitcoin with Love
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-- LINKS –
Michael’s Twitter: https://x.com/saylor
MicroStrategy’s Website: https://www.microstrategy.com/
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