Saylors explanation of the natural direction of technology and organizations towards central planning is spot on. There is no hidden agenda, it is just unqualified people in positions with too much authority. Central planning is never the answer.
We’ve been using gold for about 6,000 years and in just 15 years bitcoin is already outperforming gold. If you use the internet and bank online, you’re using the same exact tech that bitcoin is based on. If you reject bitcoin you might as well stop using your smartphone, computers and banks. It’s all the same tech.
@@businesstruckor Blockbuster, Lehman, or Enron. 1) Those shares are now scarce 2) They are worth zero 3) If they go from zero to 1cent then 1/0 = infinity % gains. Simple Misesian Regression Theorem
i have listened to every single interview/podcast with michael saylor on youtube and pocket casts (my app of choice), and there are at least 5 fantastic podcasts i have heard over the past 6 months, i have to say, since moving past all that content i have consumed over the past 6 months this is the best podcast episode i have listened to with Saylor since his series with Robert Breedlove, The Raven brought out an interesting side of Micheal Saylor 🎉
Really enjoyed this two way discussion. Re debating Peter Schiff it is pointless as there won’t be a debate as nothing anyone says about Bitcoin or how it has evolved/performed etc will make a blind bit of difference to his rhetoric. It used to be entertaining now it’s just plain dull with Peter repeating the same script.
"gold miners are short gold" Has to be the craziest statement I've ever heard. Sure they're selling gold, that doesn't mean they're shorting gold. That is the craziest statement I've ever heard and now calls into doubt everything he's said (I've been casually listening to this while doing other things. Now I wish I paid more attention, maybe I might have stopped this interview. Will finish now, but still. What a crazy statement!)
@@paulkieffer1189 As far as investing goes, being short means you expect the price to go down. Selling an asset doesn’t mean you’re short the asset. Plenty of hedge funds are long a certain stock but will still sell the stock for any number of reasons, ie take some profit, adjust their portfolio allocations etc. No one is investing in gold miners expecting the price of gold to go down. Sailor misspoke, and like the original comment states, it shows that Saylor at the very minimum doesn’t understand gold. And yes, I also think that throws into question a lot of what he’s said.
Gold miners are double short gold. They sell all the gold they have and they also dilute the supply. Schiff tells rubes to buy gold while he's shorting.
Gold for the win!!!!! I had to admit my new Knick name for Michael Saylor is Bitcoin Jesus. I love how @chris ask about him selling his stock. Bitcoin will go down to $10k during the next financial crisis and Microstrategy will go bankrupt- you heard it here first. Also love the Peter schiff call out he’s all in gold miners but he should hold physical too
Congratulations Chris...You have "jumped the shark". Saylor is the biggest charlatan of the bit-con club. Dude, really disappointed to see you fall for this scam. Many smart people have.
I love when Chris pretends to “understand” bitcoin. “Number go up until government declare it illegal to move or transact with.” There. That’s the 2024 white paper, now that governments are pushing digital currency.
@@kqh123 No. They don’t have to make ownership illegal. All they have to do, and what they WILL do, is make it a federal crime to move it or transact with it. And please don’t make me laugh at another false assertion about how bitcoin’s FOREVER DIGITAL BLOCKCHAIN FOOTPRINT can’t be tracked or traced. edit: I know the bitcoin maxi nonsense flowchart, so also miss me with how bitcoin regulation is impossible because of the infinite number of countries that will just become a bitcoin utopia when it gets banned in your country. Please. EVERY country has a fiat currency that will be a cbdc. NO government is going to be the LONE standout of freedom that passes up the enormous control of a cbdc- if such a government existed THEY WOULDN’T HAVE FIAT NOW.
When those are out, the only things that matter are going to be food, water, fuel, and lead. A bet on Bitcoin is a bet on the future. Why think any other way?
So it would take the end of the world as we know it to stop bitcoin? That would also mean no banks, no grocery stores, no gas stations. What are you gonna spend your cash on when there’s nothing to buy? Stop fighting progress and buy bitcoin before you can’t afford to.
Chris I do appreciate the podcast, the fact that you've started shilling the bitcoin does not inspire a lot of confidence out of me, I understand bullion allocations and that is fine, bitcoin and all of these crypto people quite frankly I think are the biggest shysters and frauds in the market today, its sad to hear that you may have become one of these people. Microstrategy good lord I hope investors look into this company and all these fraud coins more than you did before putting any money into it, I wouldn't. When your guest started speaking I turned off the podcast.
Please don't lump bitcoiners in with the rest of the crypto market. most bitcoiners are against crypto people because the rest of the market is garbage or scams. It isn't just microstrategy, you now have fidelity and blackrock offering SEC approved bitcoin spot etfs.
You said it perfectly, you’re completely closed minded by turning off the podcast right from the start. We know what you would do at the advent of the printing press, electricity, the phone, the automobile/locomotive, airplane, internet/email.
Who does this guy think he is talking to? An audience of billionaires? None of us are looking to move a billion dollars 18 million times a day. Or buy a building a million times a day. Which of course can't happen since there is a billion pages of red tape slowing everything down. My wealth will be kept in gold and silver.
@@TheBitcoinRevolution your second sentence is correct but your first is wrong. Bitcoin is not the same as other cryptos, but it's still a cryptocurrency
Excellent interview. Michael’s last 15 seconds are about the most concise summary I’ve ever heard as to, “why bitcoin?”
Thank you both. ❤️💪🙏
Indeed, gritty stuff.
6:25
Thanks King 👑
Saylors explanation of the natural direction of technology and organizations towards central planning is spot on. There is no hidden agenda, it is just unqualified people in positions with too much authority. Central planning is never the answer.
Albert Pike disagrees.
My brain likes Michael Saylor.
your brain is tired.
Great podcast. Thanks!
We’ve been using gold for about 6,000 years and in just 15 years bitcoin is already outperforming gold. If you use the internet and bank online, you’re using the same exact tech that bitcoin is based on. If you reject bitcoin you might as well stop using your smartphone, computers and banks. It’s all the same tech.
GameStop is outperforming Bitcoin
😂 stop lying! Bitcoin is up 160% YTD. GameStop 48%. While 48% isn’t bad bitcoin has many other benefits that make it a superior asset.
@@businesstruck It was up 5658% since March of 2020. Bitcoin only 912%. Have fun staying poor.
@@businesstruckif the 2020 run repeats this year, GameStop goes to $1300 by 2025.
@@businesstruckor Blockbuster, Lehman, or Enron. 1) Those shares are now scarce 2) They are worth zero 3) If they go from zero to 1cent then 1/0 = infinity % gains. Simple Misesian Regression Theorem
Best podcast yet. Keep up the good work.
Great conversation
bloody outstanding
QTR with Saylor!?? take my money!
Well done Chris
Making Peter debate Michael would be akin to elder abuse.
What?
Peter is two years older than Michael though. Easy mistake to make since Saylor is senile.
@@michaelakerman7609good one.
i have listened to every single interview/podcast with michael saylor on youtube and pocket casts (my app of choice), and there are at least 5 fantastic podcasts i have heard over the past 6 months, i have to say, since moving past all that content i have consumed over the past 6 months this is the best podcast episode i have listened to with Saylor since his series with Robert Breedlove, The Raven brought out an interesting side of Micheal Saylor 🎉
Awesome pod raven!
God dam he spit game. Saylor is the best!!!
No hardball questions at all😂
wtf ! wow! big plays. cant wait to listen on a long car ride
I agree with Peter Schiff that BTC is the world's largest pyramid scheme.
😂😂😂 you need to get out of the way of yourself
@@TheBitcoinRevolution lol
He says he would not debate peter schiff because he hasn't moved on his position in bitcoin. Then it's not a debate Duhh?
He's being polite.
Hey man, you should try to bring Rudy Havenstein on. Love the content.
Really enjoyed this two way discussion. Re debating Peter Schiff it is pointless as there won’t be a debate as nothing anyone says about Bitcoin or how it has evolved/performed etc will make a blind bit of difference to his rhetoric. It used to be entertaining now it’s just plain dull with Peter repeating the same script.
Great interview.
I tend to agree with Sailor about Bitcoin vs gold. If Bitcoin is going to reach mass adoption I don't see a monetary use for gold
Hell yea. Two of my favourites
Here before 1 million views
Saylor 💪
"gold miners are short gold"
Has to be the craziest statement I've ever heard. Sure they're selling gold, that doesn't mean they're shorting gold. That is the craziest statement I've ever heard and now calls into doubt everything he's said (I've been casually listening to this while doing other things. Now I wish I paid more attention, maybe I might have stopped this interview. Will finish now, but still. What a crazy statement!)
Selling gold means short.
If you’re long something you buy & hold. When you’re short you sell.
Saylor is correct
@@paulkieffer1189
As far as investing goes, being short means you expect the price to go down.
Selling an asset doesn’t mean you’re short the asset. Plenty of hedge funds are long a certain stock but will still sell the stock for any number of reasons, ie take some profit, adjust their portfolio allocations etc.
No one is investing in gold miners expecting the price of gold to go down. Sailor misspoke, and like the original comment states, it shows that Saylor at the very minimum doesn’t understand gold. And yes, I also think that throws into question a lot of what he’s said.
Gold miners are double short gold. They sell all the gold they have and they also dilute the supply.
Schiff tells rubes to buy gold while he's shorting.
Is Sailor still humorously saying that gold has no value?😉
Nah he’s never said that…. just said gold is inferior to Bitcoin
You still humorously storing your wealth in gold?
@@RyanVoelkel might want to edit that
No I’m saying gold has no value.
No, just that gold is inferior to bitcoin. Even Peter will tell you gold doesn’t go up in value.
@@RyanVoelkel You are mistaken. Reference Peter Schiff's debate with cocky Saylor.
Gold for the win!!!!! I had to admit my new Knick name for Michael Saylor is Bitcoin Jesus. I love how @chris ask about him selling his stock. Bitcoin will go down to $10k during the next financial crisis and Microstrategy will go bankrupt- you heard it here first. Also love the Peter schiff call out he’s all in gold miners but he should hold physical too
Solution is gold and silver.
Nope
Congratulations Chris...You have "jumped the shark". Saylor is the biggest charlatan of the bit-con club. Dude, really disappointed to see you fall for this scam. Many smart people have.
People like goldismoney5899 will end up buying at 500k 😂😂
What’s the scam?
I love when Chris pretends to “understand” bitcoin.
“Number go up until government declare it illegal to move or transact with.”
There. That’s the 2024 white paper, now that governments are pushing digital currency.
@@Drizzly_Bearwait, are you saying the government declaring Bitcoin illegal will be the end of Bitcoin?
@@kqh123
No.
They don’t have to make ownership illegal.
All they have to do, and what they WILL do, is make it a federal crime to move it or transact with it.
And please don’t make me laugh at another false assertion about how bitcoin’s FOREVER DIGITAL BLOCKCHAIN FOOTPRINT can’t be tracked or traced.
edit:
I know the bitcoin maxi nonsense flowchart, so also miss me with how bitcoin regulation is impossible because of the infinite number of countries that will just become a bitcoin utopia when it gets banned in your country.
Please.
EVERY country has a fiat currency that will be a cbdc.
NO government is going to be the LONE standout of freedom that passes up the enormous control of a cbdc- if such a government existed THEY WOULDN’T HAVE FIAT NOW.
Word salad
I'm 3/4 the way through this podcast and it's yet to be considered that no power ,no reception or no network equals no bitcon .
True but those are present basically everywhere that transactions occur. What situations are you thinking of? I can't think of many.
When those are out, the only things that matter are going to be food, water, fuel, and lead. A bet on Bitcoin is a bet on the future. Why think any other way?
So it would take the end of the world as we know it to stop bitcoin? That would also mean no banks, no grocery stores, no gas stations. What are you gonna spend your cash on when there’s nothing to buy? Stop fighting progress and buy bitcoin before you can’t afford to.
Yawn
In this situation the only thing that is useful is food and water. Your stocks/gold/fiat are worthless in this situation also.
👏
How he assumes that bitcoin will go up 24% a year indefinitely is just absurd.
Why is it absurd?
@@RyanVoelkel Name an asset that has gone up 24% a year every year indefinitely?
@@SilverLumberjack bitcoin. Here’s the CAGR for you
10-Year CAGR: +59%
5-year CAGR: +79%
Eventually it will only "go up" at the rate of productivity. That's after it has become the universal money.
@@SilverLumberjack Bitcoin
I’m just a humble pleb and Satoshi is my saviour.
BitCON... Michael CIA-lor... nuff said!
Apology was cool 😎
Chris I do appreciate the podcast, the fact that you've started shilling the bitcoin does not inspire a lot of confidence out of me, I understand bullion allocations and that is fine, bitcoin and all of these crypto people quite frankly I think are the biggest shysters and frauds in the market today, its sad to hear that you may have become one of these people. Microstrategy good lord I hope investors look into this company and all these fraud coins more than you did before putting any money into it, I wouldn't. When your guest started speaking I turned off the podcast.
Please don't lump bitcoiners in with the rest of the crypto market. most bitcoiners are against crypto people because the rest of the market is garbage or scams. It isn't just microstrategy, you now have fidelity and blackrock offering SEC approved bitcoin spot etfs.
You said it perfectly, you’re completely closed minded by turning off the podcast right from the start. We know what you would do at the advent of the printing press, electricity, the phone, the automobile/locomotive, airplane, internet/email.
Who does this guy think he is talking to? An audience of billionaires? None of us are looking to move a billion dollars 18 million times a day. Or buy a building a million times a day. Which of course can't happen since there is a billion pages of red tape slowing everything down. My wealth will be kept in gold and silver.
😂😂😂😂😂😂
Have fun staying poor.
The building is a metaphor that you obviously didn't get.
Sad.
The fact that QTR capitulated into Crypto in the 40k-60k per Bitcoin range is sad. Credibility is dropping fast unfortunately.
Why, that he "capitulated" at all, or that he "capitulated" late?
@@kqh123 both, but averaging into Bitcoin above $50k is certainly worse.
@@rchicks22 if you're against bitcoin it doesn't really matter what price he paid, does it.
Bitcoin NOT crypto. One is money, the other technology companies and scams
@@TheBitcoinRevolution your second sentence is correct but your first is wrong. Bitcoin is not the same as other cryptos, but it's still a cryptocurrency
This guy has been badmouthing bubbly btc for 5+ years. What a joke.
New info, reassess. Takes courage.