Michael Saylor

speaker

2,284 appearances 6 recordings 5 series first heard Nov 2024 last heard 14 Jun

Michael Saylor’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.

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I think the big idea is Bitcoin is digital capital and the S&P index is equity capital.

You know, if you expect the equity capital to appreciate 10 to 12% a year, digital capital will be better by 50%.

If you were expecting 12% from the S&P, you'd probably get 18% from Bitcoin 20 years out when it's mature, when it's $100 trillion plus.

Right now, it's a small asset, and so it's going to grow faster.

And the reason it's going to outperform equity capital is because it's global.

I mean, the S&P is mainly U.S.-based.

And because it's digital, you can buy and sell Bitcoin 100 times an hour on a weekend.

But you cannot buy and sell the S&P stocks at all.

So it's actually more useful.

You can lever it.

You can short sell Bitcoin 20 to 1 levered in Singapore on Saturday morning.

You're not doing that with the S&P index.

And you're not doing it with like New York City real estate either.

So there are a lot of capital assets, you know, old masters paintings, good real estate, beachfront property, good companies, equity.

But-

Bitcoin is the advantage of you can't make any more of it.

Everybody in the world, the Chinese recognize it, the Russians recognize it.

You know, your enemies like it, your friends like it, the Europeans like it, the Americans like it.

It is truly global.

Everywhere in the world, you'll find people that would take it from you, buy it from you or trade it with you.

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