#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope

You want to fix any company? Sweep all the cash flows into Bitcoin, convert the treasury into Bitcoin, borrow against your future cash flows and dollars [and] convert that into Bitcoin, finance all your fixed assets in dollars [and] convert that into Bitcoin, and issue equity... at the highest valuation you can now in dollars and invest in Bitcoin.

And then you have a technology, the most disruptive technology of our life—more disruptive than Google, than Facebook, more disruptive than YouTube, more disruptive than Zoom, more disruptive than the iPhone. It took Google 22 years to get to a trillion; it took Amazon 24 years to get to a trillion; it took Apple 42 years to get to a trillion; it took Microsoft 44 years to get to a trillion; it took Bitcoin 12.

I think a lot of people live in fear of volatility, but a lot of people live in fear of a lot of things. If you have enough fear, you won't leave your house; you won't do anything ... You have to have a bit of courage and conviction. I can give you a thousand reasons why I think it makes sense to invest in Bitcoin. I can't give you any reason why I should be afraid to do a rational thing.

The single most important thing for you to have in your life is a forecast for the money supply expansion in your country for the next eight years ... Before you invest the next decade of your life doing whatever, stop and study up on macroeconomics and form an opinion about the rate at which your currency is going to lose economic energy.

The single most important thing in the world for everyone—for everyone: 7.8 billion people, for 100 million companies, for everyone with money on Earth or everyone that earns a salary on Earth—this is the big idea of the podcast: You have to estimate the rate at which the currency is going to expand.

Bitcoin is an exploding asset class ... It's the greatest treasury reserve asset of our lifetimes, and it's the solution to every company's treasury problem.

If you're in business long enough, you're going to have setbacks, and you can't let the setbacks crush your spirit or cause you to stop thinking and stop innovating and stop growing.

I think people are crazy for spending hundreds of millions of dollars on ad campaigns to market a brand that's a misspelling of a normal word.

Nobody wants to invest in a company that makes a lot of money growing at 5% a year.