Michael Saylor

And yeah, it would be a good product.

Will it be as important as electricity or oil?

I don't know, but to my mind, it's worth devoting one's life to if you have even a small chance

of success.

And so that's why we're monomaniacally focused on this because, you know, fix the money, fix the world.

We have a chance, in my opinion, to fix the money for a billion people.

It's not complicated, just requires that one not get distracted.

Yeah, thank you for the opportunity.

Always enjoy our conversations.

You know, the market's still working to digest a new business model.

The Bitcoin treasury company is an idea that's only come to the forefront in the past year or so.

For 300 years or so, the world revolved around gold-backed credit instruments.

People issued bonds and credit based on gold.

We've discovered the killer app in the Bitcoin world is Bitcoin-backed credit.

I'll call it digital credit.

In the 20th century, we had bank credit, we had mortgage credit, we've got commercial corporate credit, you've got sovereign credit.

Well, digital credit is a new creature and Bitcoin treasury companies exist to issue digital credit.

So the reason there's a premium in the equity is because we can create digital credit instruments.

If we were just an ETF, we wouldn't be able to create credit instruments.

The credit itself is an extraordinary new asset class.