"I didn't sell a single sat." Michael Saylor (@saylor) is executive chairman of Strategy, the largest corporate holder of Bitcoin on the planet. While crypto Twitter was blaming him for the correction because of a sale of 32 coins, he sat down with me in Prague and explained why Bitcoin is actually lagging behind and why that has almost nothing to do with Bitcoin. "We bought 175,000 Bitcoin this year, which amounts to 20% of all the Bitcoin ever bought. We sold 32. 32 equals two basis points." We covered: - Why Bitcoin is lagging behind while the S&P posts all-time highs, the "massive AI black hole" pulling capital out of the crypto market - Why he thinks money rotates back into this market by Q4 - The 32-BTC sale, the scapegoat dynamic, and why he didn't sell a single one of his sats - Why a 50% drop is normal, and 2022's was 75% - The adoption curve of Apple and Amazon, and the "Warren Buffett moment" that, according to him, is still yet to come - What really happens to Strategy if Bitcoin stays flat for 40 years - Why he believes being irrelevant is the only thing worse than being hated Thanks to Michael for joining @new_era_finance. Highlights: 00:00 - Introduction 00:25 - Bitcoin is now digital capital 03:30 - Digital credit, invented in 12 months 07:40 - Why Bitcoin is lagging behind the market 12:15 - The comparison with Apple and Amazon 18:30 - Did Saylor sell his Bitcoin? 21:00 - We bought 175,000. We sold 32. 25:00 - Defending credit and equity 29:30 - What if Bitcoin stays flat for 40 years? 33:00 - The Warren Buffett moment is coming 37:00 - Being hated vs. being irrelevant
"I haven't sold a single sat." Michael Saylor (@saylor) is Executive Chairman of Strategy, the largest corporate holder of Bitcoin on earth. While crypto twitter blamed him for the correction over a 32-coin sale, he sat down with me in Prague and explained why Bitcoin is really lagging and why it has almost nothing to do with Bitcoin. "We bought 175,000 Bitcoin this year, which is like 20% of all the Bitcoin ever bought. We sold 32. 32 works out to be two basis points." We cover: - Why Bitcoin is lagging while the S&P prints all-time highs, the "massive AI black hole" pulling capital out of crypto - Why he thinks the money rotates back by Q4 - The 32-BTC sale, the scapegoat dynamic, and why he hasn't sold a sat of his own - Why a 50% drawdown is normal, the 2022 one was 75% - The Apple and Amazon adoption curve, and the "Warren Buffett moment" he says is still coming - What actually happens to Strategy if Bitcoin stalls for 40 years - Why he believes being irrelevant is the only thing worse than being hated Thanks to Michael for coming on @new_era_finance. Highlights: 00:00 - Intro 00:25 - Bitcoin Is Now Digital Capital 03:30 - Digital Credit, Invented In 12 Months 07:40 - Why Bitcoin Is Lagging The Market 12:15 - The Apple & Amazon Comparison 18:30 - Did Saylor Sell His Bitcoin? 21:00 - We Bought 175,000. We Sold 32. 25:00 - Defending The Credit & The Equity 29:30 - What If Bitcoin Stalls For 40 Years? 33:00 - The Warren Buffett Moment Is Coming 37:00 - Being Hated vs Being Irrelevant
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