Michael Saylor

Bitcoin is digital energy, just like you had electrical energy, just like you had. It's just like... You know, if we took away crude oil right now, 95% of the people on Earth would starve to death or freeze to death. The world comes to a grinding halt. So when people actually attack oil or they attack nuclear power or they attack electricity, you think, like, you just must hate humanity.

And when you attack Bitcoin, you're attacking digital energy, right? And you must just hate humanity.

And when you attack Bitcoin, you're attacking digital energy, right? And you must just hate humanity.

So where are you going with this? Are you going to Gary Gensler? Is that who you're going to? Like individuals that are getting in the way? Is that like when you said, if you think like, who do you think you are to prevent us from having access to all this stuff? Who's doing that? Individuals like Gary are getting in the way? Regulators?

So where are you going with this? Are you going to Gary Gensler? Is that who you're going to? Like individuals that are getting in the way? Is that like when you said, if you think like, who do you think you are to prevent us from having access to all this stuff? Who's doing that? Individuals like Gary are getting in the way? Regulators?

I think it's the just tradition. There's traditionalists that just are clinging to the 20th century. And then I think there are just people that are distracted or close-minded, anti-technology. Actually, there's another group. The traditionalists, they want to cling to the 20th century systems. Like this is the way the stock market works.

I think it's the just tradition. There's traditionalists that just are clinging to the 20th century. And then I think there are just people that are distracted or close-minded, anti-technology. Actually, there's another group. The traditionalists, they want to cling to the 20th century systems. Like this is the way the stock market works.

You put Buffett in that category.

You put Buffett in that category.

Buffett's in that category. Charlie Munger's in that. They just grew up in that. Sure.

Buffett's in that category. Charlie Munger's in that. They just grew up in that. Sure.

Nothing wrong with that. That's just the way they've been.

Nothing wrong with that. That's just the way they've been.

And there's another set of collectivists or authoritarians that just don't want you to have freedom.

And there's another set of collectivists or authoritarians that just don't want you to have freedom.

Is that a Gary Gensler type?

Is that a Gary Gensler type?

I wouldn't characterize what... I would say probably Gensler falls more in the camp of an enthusiastic traditionalist. Like he has a reverence for the 33 Act and the 40 Act and what Franklin Delano Roosevelt did and the way the capital markets work. Yeah, you know, like it's okay for the stock market to trade 930 to 4, okay? There's another view, which is why can't I actually trade 24-7, 365?

I wouldn't characterize what... I would say probably Gensler falls more in the camp of an enthusiastic traditionalist. Like he has a reverence for the 33 Act and the 40 Act and what Franklin Delano Roosevelt did and the way the capital markets work. Yeah, you know, like it's okay for the stock market to trade 930 to 4, okay? There's another view, which is why can't I actually trade 24-7, 365?

That's a great question. And why can't I trade Apple stock on my iPhone and take self-custody of it and send it to a dude in China on Saturday afternoon, right? Why can't? There's nothing unethical about it. It's the future. But I think there's three dimensions to this.