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MicroStrategy's Michael Saylor on gold, Ordinals and Bitcoin ETFs

The Scoop
The Scoop
Episode • Jun 30, 2023 • 59m

Michael Saylor is the Executive Chairman of MicroStrategy.

Since 2020, MicroStrategy has amassed an eye-catching bitcoin reserve, making it one of the largest corporate holders of bitcoin in the world. Critics have been vocal, but Saylor and his company have stood firm in their belief and commitment.

In this episode, Saylor explains why bitcoin's performance over the last two years relative to other asset classes is indicative of relative strength, and gives his opinion on recent bitcoin developments including the flurry of ETF applications as well as the Ordinals/BRC-20 debate. 


Outline:

1:59 - Inflation & Bitcoin

8:29 - MicroStrategy's leverage

9:12 - Bitcoin's volatility regime

13:48 - Technocrats

15:19 - Bitcoin legitimization

19:34 - Bitcoin Maximalism

25:31 - Saylor on Ordinals

28:39 - Unregistered securities

30:20 - Crypto crackdown conspiracies

34:38 - Spot Bitcoin ETF

39:54 - Bitcoin dominance

51:50 - Work/life balance

53:30 - MicroStrategy's miscalculation

55:09 - Thermodynamically sound economic energy


This episode is brought to you by our sponsors PayPal and CleanSpark.

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CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.