Everyone Is Against Bitcoin Before They Are For Bitcoin

All right, so let's call it the $4.5 billion bet on Bitcoin.

And I'm not your next guest.

They're still stacking up that bet.

Michael Sailor is now the executive chairman at MicroStrategy.

Michael, you know, a year ago you stepped down as a CEO of the company.

The haters were dancing on your grave, my man.

I mean, Bitcoin was going down.

Your stock was going down.

Here we are now.

Bitcoin's about $7,000 higher.

Your stock's up 175%.

Anything you want to say to the haters?

You know, everybody's against Bitcoin before they're for Bitcoin.

We welcome you all back with open arms.

And everybody gets Bitcoin at the price they deserve.

That's a good one.

I guess you had a lot of time to really work on that, but I dig it.

That was a great, great comeback.

But some go through the earning support from MicroStrategy, and I see $4.5 billion in buying

more.

And now listen, again, it's one thing to say.

I like Bitcoin.

I bought some Bitcoin.

I still don't think I know anyone who's put more the money, the money where the mouth

is more than you have.

You know, we believe Bitcoin's the apex property of the human race.

It's up 145% in the past three years versus the S&P 37%.

You know, and it's engineered to be better, gold and gold.

And it's a big tech monopoly, but without the company attached.

So I believe that there's massive institutional demand for Bitcoin exposure.

MicroStrategy is building its balance sheet.

So we can accommodate institutions that want to get on board.

Speaking of that, a lot of the same institutions that hated Bitcoin, many of them, not only

just getting on board, they're becoming advocates.

I mean, now I hear people say negative things about Bitcoin and some of these institutions

chime in and say, no, it's a good investment.

Well, it's the first digital commodity that's been invented in 5,000 years.

And so it's understandable that until you understand it, an intelligent person will be and

should be skeptical.

But once people understand Bitcoin, they think, oh, my God, I just have to be part of this

movement.

So we're an actor, a relatively famous actor, just wrote a book, a negative book about Bitcoin.

Santa Holtane is a scam.

I feel like it should have been focused more on the Sam Bankman frees of the world, who

really had nothing to do with Bitcoin per se.

You know, it was a scamster from the very beginning.

But he lumped in all of Bitcoin and cryptocurrency.

What do you think he's missing?

So part of the story, he seems like an intelligent guy.

Do you think he's missing?

I think he's missing the fact that Bitcoin, the protocol is an open protocol like the

English language or like mathematics that's available to the entire human race.

It's also like fire or like electricity.

And when we point to people that burn themselves or shock themselves because they misused fire

or they misused electricity, that doesn't mean that electricity and fire aren't useful.

Bitcoin is an empowerment for the entire human race, but people will from time to time misuse

it.

And when they do, their companies will suffer.

Right.

So this sort of the inverse of what they were trying to get across with the Greek myths,

you know, prometheus and all those.

They wanted to keep people locked in, right?

They didn't want people to go out there.

They didn't want people to be adventurous.

They wanted them to stay locked in and afraid.

You want to free them.

It sounds like.

So on the messaging part, I want to stick with this for a moment because I saw a video,

I guess some of the actresses, the ladies from the Barbie movie, downplaying Bitcoin.

And of course, you clap back saying that Bitcoin had that big,

Ken energy has some of the bloom faded off the rose because a few years ago,

all young people were talking Bitcoin.

Bitcoin's going to be more exciting than ever in the coming 12 months.

We went through a difficult year in 2022, but the mode shows back in 2023 and 2024 is going to be fabulous.

I'm going to ask you a question about your company for a moment, the micro strategy,

because I'm going through the earning support AI, everyone's talking AI,

the role of AI for your company.

And there's some sort of a role with respect to maybe the mining or evolution of Bitcoin.

Well, we're really excited about AI.

We partnered with Microsoft Open AI to bring a new product called MicroStrategy AI to market.

In the third quarter, we're going to sell that to our existing customers.

And generally what AI means is that all of our products work better.

All of our customers are more efficient.

We should be able to run our operation more effectively.

So it's just all around great for micro strategy, the enterprise.

Well, I got to say congratulations.

I like how you're doing the sort of humble brag.

It looks good on you.

Keep it going.

We appreciate the message, Michael.

Talk to you again soon.

Thank you, Charles.

Alrighty.