The CEO of publicly traded MicroStrategy (MSTR) shares why he started to feel like he was “sitting on a 500-lb block of ice” and how he came to bitcoin as a solution.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Subscribe to Blockchain Bites, our daily update with the latest stories.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
MicroStrategy made waves when it announced in early August it was moving $500,000,000 in treasury reserves out of cash. At least $250 million were to be moved into bitcoin.
Earlier this week, the company announced its final bitcoin purchases totaled $425 million.
In this conversation with NLW, MicroStrategy CEO Michael Saylor explains:
- Why he’s always treated the company with a long time horizon
- Why the asset inflation rate is the real inflation rate
- How he became convinced that bitcoin is the best treasury asset in the world
- Why Michael believes some other companies will follow suit, but better do so quick
- Why the intensity of maximalists is actually part of the reason he grew conviction around the asset
- Why he would buy every bitcoin if he could
See also: The Great Monetary Inflation: Paul Tudor Jones’ Complete Case for Bitcoin
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
