Bitcoin Is The Most Certain Thing In A Very Uncertain World

Well, one of the biggest investors at Bitcoin is called Michael Sailer.

We talked to him before.

He's co-founded and now still runs micro strategy.

Michael Sailer joins us tonight with an update on how he's feeling about Bitcoin markets.

Michael, thanks so much for coming on.

So you're the voice that people who are interested in this topic,

listen to I think most carefully.

How are you feeling about Bitcoin?

Bitcoin is the most certain thing in a very uncertain world.

You know, and in a market full of chaos and sound and fury,

people need a safe place to stand apart from the intervention of a government

and agency or a corporation.

So Bitcoin represents a fair, open, equitable network with a very simple promise

to anyone that wants to join, which is what you own as yours

and no one's going to take it away from you.

Do you think that one of the ideas by Bitcoin was that it wouldn't be directly correlated

to the equity market?

So if the, you know, the S&P dropped Bitcoin wouldn't, are we going to see that?

Well, you know, in these markets right now, there's no way,

there's no simple place to hide.

All the indexes are in bear market territory.

Bonds don't represent a safe refuse because their currency derivatives.

Stocks have to grow their cash flows faster than the inflation rate.

But if you zoom out two years since the beginning of the COVID crisis,

you notice the US money supplies expanded 36%.

Gold is up 7%.

The S&P index is up 29%.

The NASDAQ's only up 19%.

Bitcoin's up 229%.

So if you can stomach the volatility and you take the long view,

you've got a safe haven there.

So I mean, I guess the, the simplest measure of how you feel is what you're doing.

What are you doing with Bitcoin right now?

Are you buying or selling?

Whenever I have some spare cash, we buy more Bitcoin.

Yeah, we're taking a very, very long view toward this.

The network's only getting better.

Adoption is improving.

Very constructive regulation is coming out of DC.

And the lightning network is moving us closer to Satoshi's promise of

letting everybody in the world trade with each other at the speed of light

in a fair and equitable fashion.

So you're buying?

Yeah, I'll be buying at the top forever.

Right, the maximalist, we've Bitcoin's an instrument of economic empowerment.

I'm not trying to time in the market.

Right.

I just want to be honest.

That tell, I always want to know what people are doing, not what they're saying.

So that really tells the story.

Michael Silla, great to see you tonight.

Thank you very much.

Yeah, thanks for having me, Tucker.