Michael Saylor

And that week we bought five Bitcoin for every Bitcoin mined or something, some insane amount.

If we sell $10 billion of stretch in a year, we're going to buy the entire supply mined by the miners.

When we sell $20 billion, we'll buy 2x the supply.

So the formation of those digital credit networks will facilitate a huge amount of capital flowing into the system as well.

So I would be looking at all those things.

And I mean, the last thing is just volatility in general.

Because as the volatility in the asset comes off, the credit worthiness of it increases and then the willingness of conventional trad fi banks to extend credit against it increases.

And, you know, if you want a simple analogy, it's like you live in a city and on one side of the street, it's kind of scary and dangerous and you have to buy the houses for cash.

And there's a lot of crime.

And the other side of the street, it's totally safe.

There is no crime.

And you can get conforming loan from Fannie Mae or Freddie Mac with a 20% or 10% deposit and the government insures the loan.

And then you ask the question, what's the difference in the price of the houses on one side of the street versus the other side of the street?

You know, so when people feel safe and the conventional banking system finances the asset, you know, the price of the house is skyrockets.

So it's not good for the first time buyer, but it's really good for the owner, right?

And so that's the pro and con of these sort of things.

That's like equity.

That was the equity stage when you had a lot of public equities, you know, backed by Bitcoin.

And now we're in the credit stage.

Well, actually, there was a middle stage.