join in now micro strategy chairman michael sailor
michael you know i got to tell you i was struck by that common made by the
deputy a g leesa monaco
that the cesar uh... cesar of uh... shows that crypto currency is not a safe
haven for criminals
despite quote
uh... a few talitim to maintain digital uh... uh... anonymity
so here's a thing
we heard we keep hearing from politicians saying
and we don't like bitcoin because it's hailer made for criminals i guess
that they were wrong after all
i think people fear what they don't understand but as they're becoming
educated there becoming much more comfortable with this new technology
you know bitcoins have been saying for a long time that you know the blockchains
of public ledger
right and uh... because it's public it's not ideal for any kind of uh... elicit
behavior and i know i think we have a
three point six billion dollar
example yeah no uh... the perhaps the best ever so i was reading yesterday
where you said it if fast be fixed accounting
uh... at the fd i'd be at the i c update rules for banks in the s c approved
the
spot bitcoin ETF
the price with search tenfold
so how likely is that the happen in an over what time frame
you know i i think it's a uh... something that's going to happen this decade so
i look out over the next eight years
i think it's an inevitable that we will see more regulators embracing the
crypto economy and embracing bitcoin in particular
and uh...
you know at when banks can hold it on their balance sheet you'll see a lot of
a lot of uh... less expensive credit and then the selling pressure will
decrease and people won't sell their digital property
and i think uh... the the spot ETF would be an on ramp for
tens or hundreds of billions of dollars of capital to flow very easily
and uh... the the fax be changes make a lot easier for publicly traded gap
oriented company so
these are catalyst uh... that we can look forward to but
uh... as i said before
i think it's fine the way it is right now you have an opportunity to buy
bitcoin at a discount before these things get fixed
and it's highly likely they will get fixed in time
uh... another potential boost uh... apparently rush uh... i read
uh... making moves to recognize crypto as a form of currency your thoughts about
that
and they want to bring it into the public policy framework protect retail
investors and keep track of the money flows
it sounds kind of like every other government in the world
so no news in that regard except for the fact that
as the regulators provide clarity um... their view is this this uh...
makes it possible for legitimate business activity take place
i think it's a green light for investors
everywhere in the world especially in russia and is a green light for businesses
to embrace bitcoin in their operations
so so michael i ran across and an old sweet from you and i was a little bit
surprised to learn you were not always a bit coin believer
so this why you you're always so confident that the skeptics ultimately will
come around by the way you should know i mean my first purchase this week
i'm so proud of you Charles we've been expecting you
everybody's against people and you thank you
yes you did everybody's against bitcoin before they're for it
because you got to understand it you got to do the work to figure it out
on september 18th of 2013 i wasn't in favor of it i didn't understand it i
don't think i needed it and it was trading at
five hundred dollars in change and it had just traded down 20 percent in the
day it was horrific drawdown so here we are a hundred
x from there i think people understand why they need it better i think that the
uncertainty is much less yeah and we still have a very brilliant future ahead of
us yeah in my epiphany came at forty two thousand but who cares it's going to
a million michael thank you so much my friend great stuff i'm so glad you've
been vindicated on just one of many things i think you will be in the future
we'll see you soon thanks for having me Charles