SaylorCorpus

If Bitcoin Is Not Going To Zero It's Going To A Million

CNBC · 2022-06-08 · 2m · View on X →

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You've made a significant bet on Bitcoin.

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So if all of this maturity occurs,

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and if you see all of this flush cash getting wiped out

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of the system in a sense leveraged money,

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could that then be that you see Bitcoin coming down considerably

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and just not ever reaching any kind of particular lofty height?

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And then you stand to lose quite significantly.

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We don't see it that way.

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We actually see it the opposite, which is...

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The big question forever has been...

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Is this real and if it's real, is it going to be banned?

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The deniers said this wasn't real and of course they're being discredited

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as the administration and Congress and regulators in Brace Bitcoin.

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And the skeptics have always said,

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well, it's real, it's better than gold,

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but it's so good, it's too good to be true,

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and the government's going to ban it.

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So if the deniers are wrong and if the skeptics are wrong,

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and it's pretty obvious, they're both wrong at this point,

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it's not going to zero, and if it's not going to zero,

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it's going to a million because it's obviously better than gold

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that everything that gold wants to be.

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And if it was just worth what gold's worth,

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it'd be 500,000 of coin.

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So I really think we've crossed the chasm there

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with the bill that was put on the Capitol floor today by two senators,

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a Democrat and Republican.

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And with Janet Yellen speech at American University April 7th,

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where she recited the legend of Satoshi Nakamoto

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and explained why digital assets are critical

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to the future of the United States.

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I think now that that's happened,

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people are realizing that this is a real thing that's going to be with us.

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And Bitcoin is like it or not, it's unique.

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There really is no network in the world that has,

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it's at level of adoption or it's level of security.

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And if I put 500 billion dollars on the table and gave it to you

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and said, create another one, you couldn't create another Bitcoin

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for 500 billion dollars right now.

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So I'm very bullish about where we're headed from here.

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