*****
Summary of Transcript:
In this YouTube video, Michael Saylor discusses the financial landscape and the impact of COVID-19 on the economy. He explains that the traditional models are broken, and the world is going through an unprecedented financial crisis. He attributes the crash of crypto and other financial assets to the fact that interest rates got pegged to zero in March of 2020, causing bonds to no longer act as a hedge to stocks. As a result, the Federal Reserve printed a lot of money, causing all risk assets to explode, creating a K-shaped recovery. Saylor explains that Microstrategy’s strategy is to buy as much Bitcoin as possible and buy it with equity and debt. The company borrowed $2.2 billion and bought nearly $4 billion of Bitcoin since August 2020, resulting in Microstrategy’s stock being up 94% and Bitcoin being up 77%.
*****
Summary of Description:
Entrepreneur and business executive Michael Saylor stressed the importance of understanding money, protecting balance sheets, and property rights in the current economic crisis. He suggests considering storing assets through cryptocurrencies like bitcoin, which cannot be seized or controlled by governments like other traditional assets such as real estate and gold. Saylor, who recently stepped down as CEO of MicroStrategy, also shared his unique perspective on surviving the global crisis and government intervention in the free market. He offers free education and certification courses through Saylor.org.
*****
Why Michael Saylor is Urging People to Consider Bitcoin During Economic Crisis
In a recent interview, Michael Saylor urged people to reconsider their investment strategies and store value in Bitcoin. Saylor is the executive chairman and co-founder of MicroStrategy, which is the biggest publicly traded corporate owner of bitcoin with close to 130,000 BTC.
Understanding the Current Economic Crisis
Saylor believes that the current global economic crisis is a sign of something broken with our traditional models of government and economics. He’s not shy about calling out the unprecedented levels of public intervention we’re currently experiencing. According to him, it’s necessary for us to understand money, protect our balance sheet, and property rights.
Choosing Where to Place Assets and Store Value
For Saylor, the most important decision one could make during this time is where to place assets and store value. He asks people to consider whether they want to store their assets and build value in things like real estate and gold that can be seized, taxed and controlled by the government or bitcoin.
Michael Saylor’s Perspective
As someone who has been in the business for over thirty years, Saylor’s unique perspective on our current predicament is something that can benefit investors. Saylor recently stepped down from his role as CEO of MicroStrategy, and his experience in building and growing a successful company provides a wealth of knowledge for investors seeking to navigate the market.
Free Education from Michael Saylor
Saylor has generously offered free courses and certifications for people who want to understand more about the current economic climate. Interested parties can check out his Free Education program at Saylor.org.
Important Quotes from the Interview
During the interview, Saylor shared several important insights on money, government intervention, and Bitcoin. One of his key points is that when everyone else understands something is good, it’s typically bad. Additionally, he believes that war is a suppression of the free market to the benefit of the public organization. Finally, he argued that once people understand money, they’ll see that Bitcoin is engineered money without defects.
Following Michael Saylor
For those who want to keep updated with Michael Saylor, he can be found on various social media platforms such as Twitter, Facebook, and Instagram. He regularly posts valuable insights on Bitcoin and the economic climate.
Conclusion
With the current economic crisis showing no signs of abating, it’s important to consider different investment strategies. As Michael Saylor argues, understanding money, protecting balance sheets, and property rights are crucial. By choosing to invest in Bitcoin, investors can benefit from its potential as engineered money. With MicroStrategy holding close to 130,000 BTC, it’s clear that Saylor has faith in what Bitcoin can offer.
*****
See Original Source
Source Description
Build IRONCLAD discipline in this FREE workshop: https://bit.ly/3SgtTuA
On Today’s Episode:
Given the current global economic crisis we’re all living through, it’s safe to say that something is broken with our traditional models of government and economics. Today’s guest is not shy about calling it out for what it is as we experience unprecedented times with unprecedented levels of public intervention.
Michael Saylor is an entrepreneur and business executive. He’s the executive chairman and co-founder of MicroStrategy. After recently stepping down from his role as the CEO of MicroStrategy after 30 plus years, he’s sharing his unique perspective of what it means to survive our current global crisis. MicroStrategy is the biggest publicly traded corporate owner of bitcoin with close to 130,000 BTC.
There’s a necessity for you to understand money, understand how to protect your balance sheet, and understand your property rights. For some of us, it is riskier to stay where you are when considering to what extent governments are suppressing the free market, controlling your assets, and manufacturing metrics that don’t reveal the true picture
The most important decision for you to make at this point is where to place your assets and store value. Will you choose to store your assets and build value in things like real estate and gold that can be seized, taxed and controlled by the government, or will you consider what you can achieve by storing your assets through bitcoin?
Check out Michael Saylor’s Free Education (Courses and certifications): https://www.saylor.org/
SHOW NOTES:
0:00 | Introduction to Michael Saylor
0:38 | MicroStrategy’s Winning Strategy
10:29 | Policy Wars Do This To Inflation
19:55 | Suppressing the Free Market
31:03 | FIAT Money & Government Intervention
45:30 | What is ESG Policy?
56:26 | Top Down Central Government
1:07:51 | Keep Your Assets Out of Reach
1:22:08 | Watch Out for These Rules of Thumb
1:40:47 | Irreversible Transactions in Cyberspace
QUOTES:
“When you buy something that everybody else understands to be good at the same time they all agree with you, it’s normally bad.” [7:37]
“When a government declares a war, they basically put public policy and initiatives ahead of the free market.” [11:21]
“The road to hell is paved in good intents.” [15:29]
“Anybody you know that’s a billionaire, […] the Jeff Besos, the Elon Musks of the world, they didn’t get there without holding an asset that had technical potential for a decade or longer, there is no get rich quick schemes.” [18:53]
“War is a suppression of the free market to the benefit of the public organization.” [20:56]
“We have a set of metrics that are manufactured metrics, and then we focus on them and then we talk about them, but ultimately what you have is an economy that has been distorted…” [26:10]
“The U.S. primary expert is inflation, and it’s a good situation, […] we get products or services in return for exporting the dollar.” [50:45]
“A terrifying thing becomes an excuse for the government to encroach more on freedom.” [1:00:10]
“The big idea of the last two years is, every individual needs to become macroeconomically sophisticated and politically sophisticated.” [1:19:42]
“Once you understand money, you understand bitcoin is engineered money and it’s engineered without defects.” [1:34:46]
“Cyberspace is a political construct and it is not a physical construct. Money in cyberspace is political money.” [1:48:08]
Follow Michael Saylor:
Website: https://www.michael.com/
Twitter: https://twitter.com/saylor
Facebook: https://www.facebook.com/msaylor
Instagram: https://www.instagram.com/michael_saylor/
Comments are closed