What a year it has been in the cryptosphere, the fallout from the market downturn has been brutal to say the least, but many would argue a natural trajectory for any nascent industry. One man who has been very much front and centre in all discussions, and certainly the go-to guy when it comes to Bitcoin, is Michael Saylor.
Michael Saylor is an American entrepreneur, technologist, author, and Bitcoin evangelist. The last time he joined me on the show, he described Bitcoin as the “apex property of the human race” and the scarcest asset in the world. As you’d expect from the most well known maximalist of them all, Michael’s views remain very much the same despite Bitcoin dropping below the $20,000 mark.
I think it was Warren Buffet who once said “the stock market is a device to transfer money from the impatient to the patient”, and that philosophy might just sum things up. Patience and a long term outlook are things that Michael believes in and it is one of the reasons why he’s stepped down as CEO of Microstrategy to focus on their Bitcoin acquisition plan in his new role as Executive Chairman.
Michael was the first CEO of a publicly listed company to trade part of his company’s cash reserves into Bitcoin. That turned into a whopping $3.9 billion investment that has resulted in a huge portfolio of 129,699 Bitcoin.
Michael co-founded Microstrategy at the age of 24 back in 1989, and has spent the last 33 years spearheading the company to become a global leader in business intelligence, mobile software, and cloud-based services.
He graduated from MIT (Massachusetts Institute of Technology) with a double major in aeronautics and astronautics, and was commissioned as a Second Lieutenant in the United States Air Force. He is also the named inventor on more than 40 patents. In addition to being credited as the inventor of relational analytics, he led MicroStrategy into the fields of web, distributed and mobile analytics, cloud computing, mobile identity, and the IoT.
In his spare time, he penned the New York Times bestseller The Mobile Wave: How Mobile Intelligence Will Change Everything back in 2012, which correctly predicted the dramatic rise of technology giants Amazon, Apple, Facebook and Google while highlighting the impact of mobile and social networks on global economic development.
When Michael speaks, people listen, and for good reason. He is a sharply intelligent individual, with a knowledge and understanding of technology and business that make him acutely aware of the finest details of everything we’ve seen unfolding over the past 12 months.
This breadth of understanding led him into the world of cryptocurrency and a huge investment in Bitcoin, which he believes most adamantly is “the best performing asset of the last decade”.
“Bitcoin is a lifeboat, tossed on a stormy sea, offering hope to anyone in the world that needs to get off their sinking ship. We are witnessing the birth of a new industry during the worst financial crisis of our lifetime.”
Michael feels we’ve been going through a cleansing process of sorts as the market gets educated. As we’ll likely see an acceleration in regulatory clarity, people will start to have a better understanding of what they’re dealing with, ultimately leading to mass adoption.
Michael is at times exasperated at the failure of many to realise the opportunity that lies in our midst. We are experiencing a huge shift in how we conduct business, and manage our day-to-day lives. Big things are happening and cryptocurrency and decentralised finance are very much at the forefront as the most significant technology of this time.
I’m really looking forward to this one. Michael is a fascinating individual and exceptionally knowledgeable. Whether you’re a Bitcoin bull or an avid altcoiner, this is an interview you won’t want to miss.
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- Bitcoin represents a profound paradigm shift
- Bitcoin outperformed all asset classes
- The old ideas just don’t work anymore
- Holding $500 million in cash was not an option
- Investing $4 billion in Bitcoin
- Would I buy more Bitcoin?
- Satoshi was the first monetary engineer
- Bitcoin as digital energy
- Digital matter and digital energy
- Building structures of energy with Bitcoin
- The future of Stablecoins
- The digital dollar will skyrocket
- Why does Bitcoin has low aspirations?
- Satoshi never touched his coins
- Bitcoin was a gift to the world
- Why I don’t diversity
- Digital energy is the next best idea