Michael Saylor
👤 SpeakerAppearances Over Time
Podcast Appearances
OK, so in other words, the answer is directly or indirectly, yes, is kind of what it looks like.
OK, so in other words, the answer is directly or indirectly, yes, is kind of what it looks like.
I would say that.
I would say that.
OK, I like that. I'll take that. I mean, you know, whatever the audience, however the audience wants to process it, they can. In regards to when you see companies like BlackRock, them getting into it, yourself, you getting into it. When BlackRock got into it, it was a market shift. It was almost like a level of validation where the market's like, wait a minute, who got into it? A critic?
OK, I like that. I'll take that. I mean, you know, whatever the audience, however the audience wants to process it, they can. In regards to when you see companies like BlackRock, them getting into it, yourself, you getting into it. When BlackRock got into it, it was a market shift. It was almost like a level of validation where the market's like, wait a minute, who got into it? A critic?
Somebody that wasn't for it? They're flipping? They're not buying? Yeah, we were wrong about it and we're doing this, right? How many of these stories that are public, again, I'm not talking private stories, how many of these stories are public, Michael, that people who were fully against it are now coming around and saying, no, we have to add this to our portfolio, right?
Somebody that wasn't for it? They're flipping? They're not buying? Yeah, we were wrong about it and we're doing this, right? How many of these stories that are public, again, I'm not talking private stories, how many of these stories are public, Michael, that people who were fully against it are now coming around and saying, no, we have to add this to our portfolio, right?
I mean, I think Larry Fink of BlackRock is by far the most compelling spokesperson for the Bitcoin movement. And he kind of epitomizes the intellectual journey, which is a successful financier first hears about it and hears about all the negative things. And good financiers, they go through the checklist of what are the 100 risk factors, right?
I mean, I think Larry Fink of BlackRock is by far the most compelling spokesperson for the Bitcoin movement. And he kind of epitomizes the intellectual journey, which is a successful financier first hears about it and hears about all the negative things. And good financiers, they go through the checklist of what are the 100 risk factors, right?
Because if you're really good at finance, you can tick off all 100 risk factors. So you do the check, you think about it, and you think, well, you know, kind of scary. I'm going to hold off on it for a bit. And you're skeptical. I was skeptical in 2013. He was skeptical.
Because if you're really good at finance, you can tick off all 100 risk factors. So you do the check, you think about it, and you think, well, you know, kind of scary. I'm going to hold off on it for a bit. And you're skeptical. I was skeptical in 2013. He was skeptical.
But at some point, if you're around it enough, if there's a need, if you have a need to know, maybe you get pushed and you realize, I need to open my mind and I need to embrace a new idea, find a new idea for growth. Maybe it's defensive. Maybe it's a growth initiative.
But at some point, if you're around it enough, if there's a need, if you have a need to know, maybe you get pushed and you realize, I need to open my mind and I need to embrace a new idea, find a new idea for growth. Maybe it's defensive. Maybe it's a growth initiative.
And then sometimes when a critical mass of people that you respect begin to speak with you about it, then you open your mind and then you take the position that, This is actually a new profound revolutionary thing. It's digital capital. I misunderstood it before. I was wrong. I see a place for it in the world. We have this saying, which is everybody's against Bitcoin before they're for it.
And then sometimes when a critical mass of people that you respect begin to speak with you about it, then you open your mind and then you take the position that, This is actually a new profound revolutionary thing. It's digital capital. I misunderstood it before. I was wrong. I see a place for it in the world. We have this saying, which is everybody's against Bitcoin before they're for it.
Everybody is against Bitcoin before they're for it. And so, yeah, it's not unique. It's pretty common. It's like one hour to denier. You know, after 10 hours, you know, you're a trader. It's like, well, it's an asset. I'll buy it cheap and sell it when it's too expensive. After, you know, 100 hours, you know, you start to move to be more of an investor.
Everybody is against Bitcoin before they're for it. And so, yeah, it's not unique. It's pretty common. It's like one hour to denier. You know, after 10 hours, you know, you're a trader. It's like, well, it's an asset. I'll buy it cheap and sell it when it's too expensive. After, you know, 100 hours, you know, you start to move to be more of an investor.
Like, you know, maybe this is a good investment like Apple or Facebook. And after 1,000 hours, you're a maximalist. You're like, actually, this is an ethical good. This is freedom and economic and property rights to 8 billion people. this is a chance for 400 million companies to capitalize on an asset which isn't toxic.
Like, you know, maybe this is a good investment like Apple or Facebook. And after 1,000 hours, you're a maximalist. You're like, actually, this is an ethical good. This is freedom and economic and property rights to 8 billion people. this is a chance for 400 million companies to capitalize on an asset which isn't toxic.