Bitcoin Billionaire Michael Saylor Explains To Me Why Everyone Should Be In Bitcoin

we have a special guest live now people

know I've had my issues with Bitcoin

I've chased it I've sold it I've bought

it I got screwed by SPF I own 14

Bitcoins I tried to buy I'm always

chasing and whenever I'm chasing there's

one name that comes up that that is I

don't want to say mocking me but he's

like the price is the price you're

you're still early it's low he I would

say is one of the most well-known if not

the most well-known face in Bitcoin so

Michael sailor welcome to

ddg here we go in in in the studio and

Michael showed up about 20 minutes ago

and I want to wait look at the setup we

got here I want what we talked about

because we have the video of the Winkle

boss is telling me Eli uh Eli mus is

going outer space and raining gold down

confused me I sold it you just buy buy

buy buy 400 something thousand Bitcoins

with your company and you so I I if I

want to know where what I got wrong

about Bitcoin or explain it so I

understand it finally yeah I I think

let's talk about it in sports metaphors

is like first of all there's some games

that you can't play you gotta watch and

if you're just watching the game and the

team wins that means your season tickets

are going to get more expensive of next

year but there are other games you can

play you go into a casino and you play

the game but you know the game's rigged

against you there are some games where

the house wins you're not winning and

Satoshi created a game that's rigged in

favor of the individual is he a real

person Satoshi is a real

person G gone but not forgotten do you

are you aware do you know who that

person is we're all Satoshi we're all

Satoshi Now Dave okay right the most

important thing to know is that like

Prometheus gave us fire to warm up

Satoshi gave us a game we can all win

right and big Bitcoin is is that game

it's you know that there are certain

things where like you don't want to be

on a network where they can sensor what

you say and they can freeze your account

Bitcoin is a monetary Network where it

won't censor where you send your money

it won't freeze your account and it's

engineered in such a way that on the

market Marin uh you're winning the game

over time so think think of it like

wouldn't it be great if you had had a

basketball team you had you know you had

LeBron James you had Michael Jordan and

you had the digital version of them and

they played forever and you could get on

the court and play with them and when

and they're scoring 100 points and

you're scoring two points but you're all

getting rich together and you're all

winning together that's what Bitcoin is

like it's like everybody gets to play

everywhere in the world I go there's

like a fan club there's hundreds of

millions of people that are on team

Bitcoin you should join team Bitcoin you

the hundred million fans would would be

rooting for you and the great thing

about it is you don't just win the game

you get wealthy while you're winning the

game so that description is something

and we talked about a little bit outside

I've always said I've heard Bitcoin fans

also say they buy it because they think

it's good for Humanity it's not even

about making money necessarily it's

about good for society I've been very

clear I'm on the make money side of

things and by the way I I believe

eventually I got to a point I think

thought Bitcoin got too big too big to

fail too many people with money involved

in it and that's why it's interesting to

me so when you when you're this heavy

and you I think you said uh you just

about outside of Black Rock own the most

Bitcoin in the world yeah is that I

don't know if you can put percentage on

as a good investment financially vers

trying to save mankind if that makes any

sense what what what how do you break

that did you do it this is what I think

the best way to put my money is or like

I said it's a moral decision I think

it's both um I think we got to play the

game of life and half The Game of Life

is economics and so you have to play the

economic game whether you like it or not

so you can put your money in a Lebanese

bank and use Lebanese currency the

government inflates the currency the

bank freezes your assets and you fail at

The Game of Life you can put your money

in any asset in

Africa or you can put your money into

Bitcoin so the real appeal of Bitcoin is

everybody in the world I mean they don't

want to put their money in a bank in the

middle of Africa in an African currency

you've never heard of right but Bitcoin

gives you control of your money right

and is that egalitarian yeah is that

humanitarian sure it is uh is it uh

economically smart yeah right so they're

they're connected right you have to have

economic empowerment if you're going to

achieve whatever you want in life and to

be economically empowered you have to

you have to be on a network that won't

freeze you or censor you and you got to

have an asset that nobody else can

debase no no Corporation can screw up no

country can screw up you know and that's

what Bitcoin represents so it when we're

out talking and he Michael Michael was

red pilling before we go on the air

which is always a problem you have when

you meet somebody and we were just

talking for 25 minutes and you you gave

an analogy that I never really heard or

thought of which I think is worth

reaying and you're talking about cyber

New York essentially or cyber buying

property as though you know if you could

buy property in New York in the 1600s

and then you sell it and what I thought

was interesting is anybody not everyone

can buy cyber New York you get United

States but you're talking in terms terms

of Bitcoin if you want to re explain

that analogy I thought that made a lot

of sense yeah I mean look there's

certain places where the land values go

through the roof if like the land we're

standing on right now in Miami it used

to go for $10,000 an acre and now it

goes for 10 million 20 million dollars

an acre it's up by a factor of a

thousand in less than a hundred years uh

same in the Hamptons same in Manhattan I

grew up in farbor Ohio the land in

farbor Ohio did not go up by a factor of

a thousand the land in the middle of the

swamps or or the land in the in the

Rocky Mountains doesn't go up so if I if

I gave you the chance to buy up all of

Palm Beach or the Hamptons or

Manhattan anytime in the past hundred

years it would have been a good deal in

fact in 1650 you could have bought

Manhattan 1700 you could buy land in

Manhattan every decade for the past 300

years at a price higher than the person

that sold it to you bought it for and it

still would be a good investment the

only thing that slightly close you down

as a property tax but assume there's no

property tax you would buy it and hold

it forever now if I if you're an African

or South americ or Russian or China

Chinese you can't buy land in the United

States easily you don't want to own the

land in Africa any more than you want to

own the land you know in the middle of

the Rocky Mountains it's not going to

appreciate so Bitcoin represents cyber

Manhattan it's 21 million blocks

everybody with money in the world is

going to want to put some of their money

there right how much of their money well

if you lived in Lebanon or Iraq or Syria

right now the money you have in Bitcoin

you still have and the money you have in

the local bank you don't have anymore

right if you need to leave a country or

Flee for Your Life you know and that

happens a lot the money you have in

Bitcoin you get to keep the money you

have in land or buildings or local

currencies or local bank you lose so

Bitcoin really represents that strongest

greatest City in cyberspace and it's

going to be the center of the digital

economy like the really nice thing about

it is when you're buying a block or or

10 blocks of Manhattan in the year like

1900 you don't know what people are

going to do with it but you kind of

figure that all the smart people will

move to New York and they'll want that

land to build a building on it you're

going to get wealthy because you're

holding it the same is true with Bitcoin

if you're if you're living in Africa or

China or Russia or Argentina and you buy

Bitcoin you you don't really know what

you're going to do with it but guess

what micro strategy just bought $2

billion dollar of it this week I know

what I'm going to do with it and I

bought it at 100,000 so if you bought

you know Bitcoin at 5,000 living you're

the Michael Jordan you're you're the

Michael Jordan Jordan of the analogy in

which if you're buying Bitcoin micro

strategy you you're just buying forever

you're never gonna stop buying yeah I'm

GNA keep buying I I joke like you said

well it's 100,000 too much and I said I

said look Dave I'll be buying it at a

million dollars a coin and I'll probably

be buying it at the rate of a billion

dollars a day at a million dollars a

coin because that's what I do just like

you're like you know crap Manhattan real

estate's really expensive in 1930 it's a

lot more expensive than 1830 I'm like

well you know a hundred years later

we'll still be buying it and we'll be

paying a lot more the only issue is can

you hold it for that time period because

people are going to want to buy it

during the course of this since you you

you really got involved 2020 Co we

talked about a little bit early you know

you're a smart guy MIT guy have you had

any doubts at any point like oh I picked

the wrong horse or you've been you just

steadfast or were you willing to be like

you know what if I'm wrong I'm wrong and

and I go bust you know in March of 2020

we all get punched in the face and for

six months you're like well do I leave

to do I move to Miami do I get in the

stock market do I buy Bitcoin what do I

do so for about six months I spent

trying figure out what I'm I'm going to

do and we discovered Bitcoin I thought

well you know it's not without risk but

everything else is worse everything else

is a fast death or a slow death so I'm

going to do something new over the next

four years the risk got taken off you

know the administration embraced it as a

commodity and that was one risk factor

taken off and then we got the ETFs that

was the second risk factor and then you

got uh you got the Trump Administration

embracing it in the red sweep that's a

third risk factor and then micro

strategy we bought 250 million we bought

250 million at like 11,800 coin and then

it crashed 20% Dave yeah and we lost $40

million in the next week and a half like

and that was what are you doing when

that happens are you are you like I'm

I'm figuring out how to buy the next 250

million because like I'm in you're in

once you're committed you're in you know

and I'm like like I'm going to ride it

to zero or we're going to win but I've

decided I want to win and knew that if I

didn't play the game I was certainly

going to lose so you know that was the

difficult time but then Bitcoin rallied

went and went back to the all-time high

and from August of 2020 to about a month

ago we raised 10 billion dollars because

everybody got behind us and we had a

strategy and we committed to it and then

uh there was the red sweep and big

November and we raised $5 billion dollar

in four and a half weeks and you just

take that and you buy more Bitcoin so

now we put 25 billion into the network

but it's like you know decide what

you're going to do with your life Focus

commit and yeah you're gonna get punched

you're gonna get beat in the face a

little bit you'll take a few you know so

all right let's take let's let's here's

the million-dollar question let's put on

and you're my financial advisor hat yeah

let's say my net worth 100 million what

percentage should my net worth should I

have and I own 14 is it's a small

portion of what I have I've been beaten

lost chasing if you're my financial

adviser I said I don't need this money

for 10

years yeah I would say you take your

money and you divide it between scarce

desirable real estate you want to live

in that you you like this place and then

I I say you take some and you put it in

like a you know a big Tech stock

portfolio maybe magnificent s or things

you like and you take another portion

maybe it's 10% maybe it's 20% maybe it's

30% somewhere in that range and you buy

digital property you buy Bitcoin with it

so 2% probably that's an insurance

policy yeah right 2% is an insurance

you're not going to get rich buying

flood insurance for your house you know

10% you're a player 20 30% you probably

make a lot of money and if you're of

course if you're a maximalist you go to

50% or 75% but at that point you know

you're really focused upon that and then

the last thing before I I let you go

yeah a lot of people ask in this world

and I ask already you are and I've a lot

of people are Bitcoin Bitcoin Bitcoin I

asked are you only Bitcoin do you other

crypto what are your thoughts on the

crypto space out we know how you feel

about Bitcoin but all the other coins

and everything going on like what what

are your thoughts that so my my view is

Bitcoin is like a protocol like a it's

it's an asset without an issuer when I'm

promoting Bitcoin it's like I'm saying

electricity fire English math and

Bitcoin Dave like teach your kids those

things and then you say what do I think

about other Investments I'm like well

that building might be good to buy that

Picasso might be at a good price maybe

you should buy some Nvidia maybe that's

good price those are 100,000 Investments

you have to be the expert if you're an

expert and you can play that game then

you should I have nothing negative to

say about it but what I'm saying is if

you just want to take some amount of

your money hold it for 100 years and not

worry about it you want the world's

Global dominant econom

protocol the capital protocol and that's

Bitcoin so I say s Bitcoin is like a

savings decision I just want to save my

money without someone effing with it and

taking it everything else is is you're

an investor and you're playing a game

and you got to make your own decision so

micro strategies Bitcoin

company you guys just sit around watch a

chart on bitcoin go up what is what is

Like A Day in the Life at micr dri walks

in they got the Bitcoin shirt they what

so so there's a lot of investors in the

world that aren't allowed to buy Bitcoin

like in the UK they won't let you buy

Bitcoin in your retirement account so

they need to buy a a company a security

so sometimes people buy our stock

because they they have to buy a company

and they're not allowed there's hundreds

of trillions of dollars of money some of

it with professional money managers

they're not allowed to buy Bitcoin

they're allowed to buy Bitcoin company

so so some people buy our equity for

that some people are Bond investors they

want the upside they don't want any

downside how do I get the upside of

Bitcoin but downside protection I need a

bond sold by a company that's all

Bitcoin and if Bitcoin crashes 90%

tomorrow the bonds pay off right but if

you buy a 100 million of Bitcoin and it

crashes not you lose $90 million so some

people want downside protection and they

want the upside so what micro strategy

does is we offer the bonds we offer the

equity uh also our equity twice as

volatile and twice as performant as

Bitcoin there are a lot of like hot

money gamblers the options Traders they

want 10x leverage right they don't you

know or they want to sell the call

option if you actually hold a share of

micro strategy and sell the call option

30 days out pays 200% interest Dave so

there are a lot of Traders and they all

have their own strategy and and they

can't do that strategy without a

publicly traded company in America on

regulated Exchange on the CME on the

NASDAQ that has has uh you know

Financial filing so micro strategy is a

bridge between the capital markets that

are traditional that have hundreds of

trillions of dollars and the crypto

economy yeah which is global offshore

and we're taking this scary high

performance volatile thing and then

we're we're giving it to people either

as 2X or half X or 10x and and that's

it's a fun business last question will

Elon Musk ever get to outer space and

mine gold from outer space and it rains

plentiful on Earth or is that just

cockamamy he will get to outer space but

by the time he gets there he won't mind

gold because the goal won't be worth

that much there'll be a lot more

valuable things to find in outer space

than gold all right there he is I

appreciate we the first I think Live

guest we've ever had on this and look

the the chat's filled but we need I am

I'm going to make some decisions on the

red bill when you the I keep saying last

question you said a 100 years is 10

years long enough of a waight to buy it

10 years you know if you're gonna hold

your Capital hold your investment for 10

years then bitcoin's a great idea I'd

say the minimum is four years bitcoin's

100,000 right now Dave no one's ever

lost money buying Bitcoin no one's ever

made money if they're short Bitcoin

right now yeah so you if you're looking

for four months or four weeks or four

days you have anxiety if you got four

four years you're okay if you have 10

years you're G to look like a genius

okay so hey my pitch to you is join team

Bitcoin man playing hundreds of millions

of fans everybody in the world will love

you and then when Bitcoin goes up you're

all winning together so join the team

Dave all right I appreciate you coming

by neighbor Michael sailor ddg we're

just crammed in my little office but I

appreciate thank you very much thank you

that was great thank you I'll walk you

out I'll be right back to to recap that

I first every guest that was great I

appreciate you coming by best

Bitcoins

400,000

Bitcoins I think he read me a little bit

I think he redpilled me a little

bit see I've never had anybody and by

the way it was a little bit complicated

because I told Michael to get here at

9:10 he got here at 8:45 so we're

sitting here for 25 minutes 30 minutes

just talking Bitcoin he's already said

everything we're looking out the water

where he lives here's the I like I like

the Cyber real estate analogy a lot like

you can buy real estate always goes up

not everybody can buy real estate in

these Prime areas everybody can buy

Bitcoin I like that that resonated with

me that made sense but the sports team

just rooting for a team that's kind of

what I've said about Bitcoin that's what

I that has been

like Bitcoin it's too big to fail you've

heard me say that I believe in Bitcoin

not because I believe necessarily in

like all the different uh eag uh what is

the word for like high high moral Vision

or like egalitarian or whatever I don't

believe in that I believe people want to

get rich and that's kind of what he's

saying it's like it's a team that's

getting too big to fail root for your

team you have guys like Michael sailor

who's always gonna be buying Bitcoin

nonstop Jordan LeBron they don't get old

all these people pouring money in be on

that team now there's other stocks he

said he's like yeah the S&P same thing

to a degree like if you buy stocks

always go up rule number one a daav day

trader so

I never thought I'd have Michael sailor

sit in this little office though like I

I got peaches like poop on the carpet

he's walking in

um so he's

saying about 20

30% is a good number so for me I don't

know 10 TW 20 million in

Bitcoin let it sit for 10 years