Michael Saylor
π€ SpeakerAppearances Over Time
Podcast Appearances
The people with a strong corporate view and a healthy company and a strong conviction in their company, they don't have an open mind to a profound paradigm shift. They don't want to embrace that idea.
Maybe the call to Buffett could be seen as a public service and you want to be a public servant. So if you were to make that public service phone call and you guys sat down and spoke and you went to Omaha and all of a sudden he comes out and says, you know, we've made a decision to buy $100 billion of Bitcoin after my conversation with Michael Saylor. I think that's a public service.
Maybe the call to Buffett could be seen as a public service and you want to be a public servant. So if you were to make that public service phone call and you guys sat down and spoke and you went to Omaha and all of a sudden he comes out and says, you know, we've made a decision to buy $100 billion of Bitcoin after my conversation with Michael Saylor. I think that's a public service.
I will say for the record, I'm happy to go visit anybody that has $100 billion of cash that's sitting and burning $10 billion of shareholder value a year. I will go visit you and I will provide you with all of the information you need in order to be convinced that you should flip to the Bitcoin standard.
I will say for the record, I'm happy to go visit anybody that has $100 billion of cash that's sitting and burning $10 billion of shareholder value a year. I will go visit you and I will provide you with all of the information you need in order to be convinced that you should flip to the Bitcoin standard.
He's got $325 billion of it. But by the way, when I looked at the numbers with you guys, you got roughly what? Is it $331,000 if I'm not mistaken? Is that how many it is? 331,200 Bitcoins, right?
He's got $325 billion of it. But by the way, when I looked at the numbers with you guys, you got roughly what? Is it $331,000 if I'm not mistaken? Is that how many it is? 331,200 Bitcoins, right?
Yeah, as of this morning.
Yeah, as of this morning.
And I saw that BlackRock, their Bitcoin trust, the iBit iShare, has roughly 471,328 as of November 15, which is 2.2%. Yeah, they're ahead of us. I'm jealous. But here's the question I'm asking.
And I saw that BlackRock, their Bitcoin trust, the iBit iShare, has roughly 471,328 as of November 15, which is 2.2%. Yeah, they're ahead of us. I'm jealous. But here's the question I'm asking.
If they have 471, which is roughly 2.2% of all Bitcoin,
If they have 471, which is roughly 2.2% of all Bitcoin,
You got 331, which is roughly 1.5% of all Bitcoin, right? Neither one of you guys are selling. So 4% is gone, okay? Of the 21 million shares, many times you'll hear that 3 million of it people are not going to get access to, right? Whatever reason, 18 and a half million, give or take. So let's just say 18 million. So there's another 3 million gone there. So you have yours, they have theirs.
You got 331, which is roughly 1.5% of all Bitcoin, right? Neither one of you guys are selling. So 4% is gone, okay? Of the 21 million shares, many times you'll hear that 3 million of it people are not going to get access to, right? Whatever reason, 18 and a half million, give or take. So let's just say 18 million. So there's another 3 million gone there. So you have yours, they have theirs.
So let's just say 3, 17 million. And then you've also brought up the idea, I think the U.S. government right now, if I'm not mistaken, holds 183,000 Bitcoins at $12 billion, right? If I'm not mistaken. 183,000 Bitcoins at $12 billion. I think you've proposed the president to buy a million shares of Bitcoin, a million Bitcoins, which would be roughly $90 billion.
So let's just say 3, 17 million. And then you've also brought up the idea, I think the U.S. government right now, if I'm not mistaken, holds 183,000 Bitcoins at $12 billion, right? If I'm not mistaken. 183,000 Bitcoins at $12 billion. I think you've proposed the president to buy a million shares of Bitcoin, a million Bitcoins, which would be roughly $90 billion.
And if they wanted to go to the highest level, if they were to buy $6 million of it, which would be roughly half a trillion dollars, At that point, if that happens, and typically it's a buy and hold situation, if it gets to a point that most of it is locked up, what happens to the store value?
And if they wanted to go to the highest level, if they were to buy $6 million of it, which would be roughly half a trillion dollars, At that point, if that happens, and typically it's a buy and hold situation, if it gets to a point that most of it is locked up, what happens to the store value?
Can you put up the slide with the Bitcoin strategic reserve and the different plans there that's in that presentation? So, I mean, first of all, it's Senator Lummis, Cynthia Lummis, has put forth a proposal that the United States establish a strategic Bitcoin reserve, and it's a... It's a brilliant idea that she's presented to the Senate.