😐️ Michael Saylor Interview on Bloomberg (2x)
Key points:
✦ Crypto winter is not coming back – Bitcoin has passed its riskiest period.
✦ Bitcoin will either go to zero or rise to $1,000,000 .
✦ BTC receives support from the US government, including President Trump and his administration.
✦ Miners only sell 450 BTC ($50m) per day.
✦ Public companies with a BTC strategy buy the entire natural supply volume.
✦ A significant portion of BTC purchases comes from Bitcoin ETF issuers.
✦ The race for BTC reserves among states has begun – countries have already started or are planning to include Bitcoin in their national reserves.
✦ Strategy is the world's largest issuer of BTC-backed credit instruments.
✦ The company issues three types of preferred shares: STRIKE, STRIDE and STRIF. There is no liquidation risk, interest rate risk or maturity risk.
✦ The company has 582,000 BTC worth over $60b.
✦ The company earned $8.4b in BTC equivalent in the first two quarters of this year. The goal for the year = $15b in profit.
✦ Investors don't need to worry about the quantum threat.
✦ Microsoft and Google will not sell quantum computers capable of breaking cryptography. All digital systems will be upgraded to quantum-resistant protocols.
✦ AI technologies will become the driver of BTC growth.