Michael Saylor

And a lot of people are afraid of a fire and they're afraid of radioactivity, but you can't have nuclear power without radioactivity and you can't have an internal combustion engine without a fire. And so MicroStrategy has put this crypto reactor in the middle of the company. And because we have that high volatility, high energy reactor, and people are like, aren't you going to diversify it?

That's like taking this water and pouring it on the fire. Of course, I'm not going to diversify it. Like I give you fire, you're freezing to death. And the first thing you could think to do is throw water on it, right? So we're actually running the reactor. And that is really our unique value proposition to all those investors.

That's like taking this water and pouring it on the fire. Of course, I'm not going to diversify it. Like I give you fire, you're freezing to death. And the first thing you could think to do is throw water on it, right? So we're actually running the reactor. And that is really our unique value proposition to all those investors.

And they can't get it except from a public company that's 100% committed to Bitcoin. Right.

And they can't get it except from a public company that's 100% committed to Bitcoin. Right.

Let me ask, there's rumors going on that the CEO of XRP met with Trump, right? A ripple. I think there's a rumor. Rob, if you want to pull it up, if there's something like that, I thought I saw something. Did Ripple CEO meet with Trump? Critics remark, fuel XRP surge in speculation. CEO Brad Garland-Cowse remarks amid XRP surge in a fuel speculation. Trump's talk. So if Musk is in there,

Let me ask, there's rumors going on that the CEO of XRP met with Trump, right? A ripple. I think there's a rumor. Rob, if you want to pull it up, if there's something like that, I thought I saw something. Did Ripple CEO meet with Trump? Critics remark, fuel XRP surge in speculation. CEO Brad Garland-Cowse remarks amid XRP surge in a fuel speculation. Trump's talk. So if Musk is in there,

Musk, you know, my view, I may be wrong. Musk is meme coins. Musk is Doge. Musk is crypto. Musk is Bitcoin. For the most part, he's open to the idea. He's not specific to one thing. The community with XRP right now and Ripple, has anything with your position with Ripple changed since the last time you and I were together?

Musk, you know, my view, I may be wrong. Musk is meme coins. Musk is Doge. Musk is crypto. Musk is Bitcoin. For the most part, he's open to the idea. He's not specific to one thing. The community with XRP right now and Ripple, has anything with your position with Ripple changed since the last time you and I were together?

Yeah, what I say today is it's clear we have a pro-crypto president. They're all in on crypto. They're all in on Bitcoin. They're progressive. They're all about freedom. And freedom means the 20th century security regime was you got to spend $40 million on compliance to bring a company public. But what if I only want to raise $4 million in capital?

Yeah, what I say today is it's clear we have a pro-crypto president. They're all in on crypto. They're all in on Bitcoin. They're progressive. They're all about freedom. And freedom means the 20th century security regime was you got to spend $40 million on compliance to bring a company public. But what if I only want to raise $4 million in capital?

How does it make sense that I got to spend $40 million on insurance in order to take a $4 million risk? So I think actually when we come January, depending upon who runs the SEC, I think you'll have a pro-digital assets SEC, a pro-digital assets Treasury, a pro-digital assets White House, a pro-digital House and Senate. Now, if you want the crypto industry to grow and prosper in the United States,

How does it make sense that I got to spend $40 million on insurance in order to take a $4 million risk? So I think actually when we come January, depending upon who runs the SEC, I think you'll have a pro-digital assets SEC, a pro-digital assets Treasury, a pro-digital assets White House, a pro-digital House and Senate. Now, if you want the crypto industry to grow and prosper in the United States,

You need a digital assets framework that is ethically sound, technically sound, economically sound. And that means this is a digital commodity. This is a digital security. This is a digital token. This is a digital currency. This is a digital NFT. This is a digital ABT, asset-backed token.

You need a digital assets framework that is ethically sound, technically sound, economically sound. And that means this is a digital commodity. This is a digital security. This is a digital token. This is a digital currency. This is a digital NFT. This is a digital ABT, asset-backed token.

If you define all those, and I did, by the way, in my keynote at Cantor Fitzgerald last Thursday, which has gone viral, I said, here is your digital asset classes. Now we need the regulators to give us that framework. Tell us how I issue, how I operate, how I own, how I trade. And if they do that well, I think actually we're going to see a massive explosion in digital assets in this country.

If you define all those, and I did, by the way, in my keynote at Cantor Fitzgerald last Thursday, which has gone viral, I said, here is your digital asset classes. Now we need the regulators to give us that framework. Tell us how I issue, how I operate, how I own, how I trade. And if they do that well, I think actually we're going to see a massive explosion in digital assets in this country.

There's no reason why half the equity on the NASDAQ can't start trading digitally. Why not Apple stock trade digitally 24-7, 365? Why not, you know, why not Katy Perry issue a Katy Perry token if she wants? It's not an, it's not an, or how about Joe, or how about your company? PBD, why can't you actually go public and issue your own digital security or digital token token?

There's no reason why half the equity on the NASDAQ can't start trading digitally. Why not Apple stock trade digitally 24-7, 365? Why not, you know, why not Katy Perry issue a Katy Perry token if she wants? It's not an, it's not an, or how about Joe, or how about your company? PBD, why can't you actually go public and issue your own digital security or digital token token?

There ought to be an ethical way to do it. I think that the law ought to be simpler. It ought to be just don't lie, cheat, and steal, right? If we go back to this, right, if you believe in free markets, the free market view would be I'm going to give people a way to do these things and just remind them don't lie, cheat, and steal. I'm going to give them a practical legal framework.