Michael Saylor

Everybody wants to do business there. There's a limited amount of land. It's a perfect rock, limited amount of land. So there's never a bad time to buy Manhattan.

Everybody wants to do business there. There's a limited amount of land. It's a perfect rock, limited amount of land. So there's never a bad time to buy Manhattan.

But even if you look at this, though, Louisiana, we bought it for $15 million. APR, $6.3 million. Payoff, $12 trillion. California, 1848, for $18 million. $7.78 trillion. Alaska for $7.2 million in 1867. Yeah. It's a trillion, 7.8. You're saying Bitcoin is going to be 240 trillion in 21 years.

But even if you look at this, though, Louisiana, we bought it for $15 million. APR, $6.3 million. Payoff, $12 trillion. California, 1848, for $18 million. $7.78 trillion. Alaska for $7.2 million in 1867. Yeah. It's a trillion, 7.8. You're saying Bitcoin is going to be 240 trillion in 21 years.

Yeah.

Yeah.

Yeah. Just very easily the way you say it. It's not a big deal to you.

Yeah. Just very easily the way you say it. It's not a big deal to you.

I mean, the takeaway from that slide is... The key to getting rich is by scarce desirable property. Pay for it with fiat. I mean, how much does a Gilda worth today? Like pay for it with money you printed, borrow the money. We borrowed the money to pay for Alaska. I mean, the country was broke in 1867. We just fought the civil war, but what did we do?

I mean, the takeaway from that slide is... The key to getting rich is by scarce desirable property. Pay for it with fiat. I mean, how much does a Gilda worth today? Like pay for it with money you printed, borrow the money. We borrowed the money to pay for Alaska. I mean, the country was broke in 1867. We just fought the civil war, but what did we do?

This guy Seward had the vision to print a $7.2 million check. Pay off the Russians. And so number one thing, buy the property. Number two thing, hold it for a long time, right? I mean, because it might not feel like much, but when you're compounding over 100 years or 200 years, and so what do all those four have in common? Well, they're all something you would want to hold for more than 100 years.

This guy Seward had the vision to print a $7.2 million check. Pay off the Russians. And so number one thing, buy the property. Number two thing, hold it for a long time, right? I mean, because it might not feel like much, but when you're compounding over 100 years or 200 years, and so what do all those four have in common? Well, they're all something you would want to hold for more than 100 years.

And so what is Bitcoin? Bitcoin is the next frontier. We've already gone as far west as we can go. Now we have to go to cyberspace. I mean, eventually we'll go to outer space, but we're waiting for upgrades and propulsion to go to Mars and the asteroids. But between now and then...

And so what is Bitcoin? Bitcoin is the next frontier. We've already gone as far west as we can go. Now we have to go to cyberspace. I mean, eventually we'll go to outer space, but we're waiting for upgrades and propulsion to go to Mars and the asteroids. But between now and then...

You go to cyberspace, and the real point is Chinese billionaires, Russian billionaires, African billionaires, South American billionaires, every company on the planet would rather have their money in the U.S., but they can't get it to the U.S. So where else can I put it? I can put it into the city of Bitcoin.

You go to cyberspace, and the real point is Chinese billionaires, Russian billionaires, African billionaires, South American billionaires, every company on the planet would rather have their money in the U.S., but they can't get it to the U.S. So where else can I put it? I can put it into the city of Bitcoin.

I buy Bitcoin, I sell Africa, I sell Venezuela, I sell Russia, I sell Siberia, I sell China, I buy Bitcoin. Bitcoin is digital capital. Everybody wants it. Everybody knows about it. No one can steal it from you. And what's the use case? Well, the use case is to get rich or stay rich, which is like half of everything. The great irony is people can't figure out what it's good for. It's like...

I buy Bitcoin, I sell Africa, I sell Venezuela, I sell Russia, I sell Siberia, I sell China, I buy Bitcoin. Bitcoin is digital capital. Everybody wants it. Everybody knows about it. No one can steal it from you. And what's the use case? Well, the use case is to get rich or stay rich, which is like half of everything. The great irony is people can't figure out what it's good for. It's like...

For the last 10,000 years, people have been trying to figure out how to get money and keep it. What it's good for is the wealth that allows you to power your family, your country, your company.

For the last 10,000 years, people have been trying to figure out how to get money and keep it. What it's good for is the wealth that allows you to power your family, your country, your company.