Eventually Everybody Is Going To Adopt Bitcoin

The price may be stalling right now. The critics never go away, but we have one person who's bettered all

Micro-strategy's founder and CEO Michael Sala. He's with us again. Michael's been far too long

I just want to get you to take because I know you were at the Bitcoin conference last week

I saw the pictures the photos all the cool people were there. I wasn't invited. Did it live up to the hype?

It did live up to the height Charles. I've never seen so much passion

We have politicians from all over the world getting interested. We have sports figures

We saw a capitalist from every industry showing up for the first time. We saw we saw a great intellectual leaders and corporate figures

So obviously it's twice as much energy as last year and what it's saying is that everybody in the world knows that they need a solution to their problem

And they see Bitcoin as a solution. I'd say it's so weird

Imagine like you know you're talking to it like a 20-some-year-old rapper

You know who never knew about finance per se and then you speak into a general who teaches by the way has a 99% graduation rate at the college

And they both have the same

underlying fear about our financial system. That says a lot doesn't it?

Yeah, what they're thinking they're thinking. I don't know if I trust the government

I don't trust the currency. I don't trust the banks. I don't have a savings account

I got no checking account the payment systems don't work anymore. Everything's broken and

The entire crypto economy offers a solution to that problem and so

Everybody's everybody's looking for the way to improve their life with technology

So I'm reading about the quote crypto holy war where they're saying Jack Dorsey is the Bitcoin maximalist where Mark and Dreson is the crypto

Polymores

I mean is there is there some sort of crypto play beyond Bitcoin?

I know you put it all into Bitcoin, but do the other coins out there have any sort of value or potential?

You know, I think Mark and Jack agree on more they disagree and I think they both love Bitcoin and they're both enthusiastic about crypto technology

The difference is Mark's adventure capitalist

He's willing to take more risk on protocols and tokens and of course that's his job. He takes risk for a living

Jack's focused on billions of unbanked and he's looking for the low-risk path forward, which is Bitcoin

I think ultimately they will settle their differences and come together in order to make a better world because technology is the solution to our problem

Well, maybe one day I could get all three you guys in studio and we can hash it out

Let's talk about this DeFi revolution right because it's supposed to to your point just now have these universal benefits and yet

There's a piece in the Atlantic saying it's going to recreate the 2008 financial crisis

You know, I when I read these things I'm just saying you know who even who's the who's pushing these sort of articles?

You know if you look at the millennials if you're below the age of 40 you're looking at the world saying this is hopeless

I got knows savings account. I've got no chance of catching up with inflation. I'll never be able to buy a house

Everything's broken and they see a solution in the new crypto economy. So they're enthusiastic

Of course the critics and skeptics and intellectuals will over intellectualize this and worry about every way that it can break

And I guess that's their role in the regulators worry as well

Ultimately, I think that we'll work out all of those issues and and people need a solution to their problem of

How do they save their money and how do they move their money and

That's why there's such incredible enthusiasm for Bitcoin and all of these crypto technologies

So so when you get the kind of scathing critique from a Charlie Munger or Warren Buffett can we just chalk it up to that their old?

I think eventually everybody is going to adopt this every single day another big bank adopts Bitcoin

The big investors just got the green light from the present in the United States a couple of weeks ago with that executive order

JP Morgan's come around bank of America's coming around Goldman Sachs is coming around black rock is coming

Around it is just a matter of time Michael Bitcoin has moved in perfect symmetry with the pace of the money supply

So the feds are moving the punch bowl is that going to hold back the price for a little bit?

You know my view is this is a great opportunity for the hotler

I mean Bitcoin looks like I'm risky today than it was two years ago

So if your dollar cost averaging you should be grateful for this opportunity

I do think all the assets have taken a pause and

And there's look there's a bit of tension between the fast money traders that don't really understand Bitcoin and the informed

Hottlers that are holding it for the next decade or longer to give to their grandkids

And I think over time what we're going to find is the fast the fast money traders are going to get informed and the hotler's going to get the money

All right, Michael again, I tip my hat to you your man that puts his money where his mouth is and you've convinced a lot of folks are glad you came on thank you

Yeah, thank you, trust you soon