$425M in Bitcoin can Future-proof Your Public Company
The founder and principal shareholder of MicroStrategy, Michael Saylor, and his team have improved the MicroStrategy 2.0 product to offer a range of business intelligence tools for reporting, analytical processing, and information distribution.
Michael not only delves into his story of entering the Bitcoin market, the essence of HODL, and uncovers ways of calculating the inflation rate. He opens up about how the enterprise platform has purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.
Hear more of it by watching the video, and remember to subscribe!
If you want the interview in the podcast format, please visit the link below, Enjoy!
TIMESTAMPS
1:20 – How did Michael Saylor get into the bitcoin rabbit hole
3:43 – Alternative to holding cash that’s subject to inflation
4:20 – Trading large amounts of bitcoin without affecting the volatility
11:36 – Buying bitcoin with conviction
22:10 – The nice thing about Bitcoin
23:50 – Understanding network businesses that are monopolies
26:12 – Bitcoin is the most efficient system for channeling energy
32:10 – The right way to calculate inflation rate
35:20 – Choosing quality educational content over entertainment
38:25 – Resources recommended by Michael Saylor
46:01 – The reason to treat bitcoin as treasury not as payment means
53:50 – Why you should just HODL
57:02 – The US federal debt
1:07:40 – Why FAANG are as valuable as they are today
1:14:39 – What Michael Saylor thinks about the crypto community
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