SaylorCorpus

Volatility Is A Sign Of High Energy, And Bitcoin Is The Solution To Everyone’s Problems.

Fox Business · 2024-08-08 · 4m · View on X →

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Well, the recent dip in the price of Bitcoin brought out the usual assortment of naysayers.

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Although I gotta tell you, that pull is shrinking.

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Even with the slight pullback, listen, so many of them have so much egg on their face still,

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they always come out and they always seem to aim their anger at my next guest who isn't

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just a fan, but he's an evangelist.

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And while he's put billions words conviction in, he's want to bring it out.

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Micro-strategy is executive chairman, Michael Saler.

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You know, Michael, I'm gonna start calling you last laugh Saler because you always seem

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to get the last laugh.

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Even with the pullback, you know, you put out a chart that's really amazing.

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Micro-strategy is outperforming everything since you adopted it as a strategy.

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It's crust everything.

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Look at that green arrow.

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It's crust everything.

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So I know you feel vindicated, but there's more, right?

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Look, Bitcoin is volatile, but volatility is a signal of high energy.

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You know, rivers, waterfalls, fires, and windstorms are volatile.

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They just contain energy that we can harness.

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And so this digital asset is creating tens of billions of dollars of credit and liquidity

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at all times for everybody everywhere in the world.

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And it's attracting massive amounts of capital, and that's what's driving that superior performance.

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Micro-strategy is just levering the most powerful ID in the world right now.

1:20

Yeah, but when you decided to go down this route, we've had many conversations.

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It was really nuts.

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And even now, critics, you know, I heard folks talking about it on just in the last couple,

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you know, days.

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It was supposed to be sort of the world's going to hell in a hand basket.

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It was supposed to be a safe haven, and it's not.

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What do you tell folks who still are convinced, in part, because it's not a safe haven per se?

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What I say is, Bitcoin's a solution to everybody's problem.

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Investors are worried about regulation taxes towards an antitrust economist are worried

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about the deficit and the debt.

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Individuals want to deal with inflation, and they're worried about opportunity.

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Companies can't compete with mega-corpbs.

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Those who understand Bitcoin buy Bitcoin, those who don't criticize Bitcoin, with Bitcoin

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individuals can outrun the inflation.

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Investors can beat the market.

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Corporations can outgrow the competition.

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And countries can revitalize their economies and boost their currencies by tapping into digital

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capital.

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I want to talk about what's next from Washington D's vantage point, because one of the things

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I've always been afraid of is that a D.C. at some point would push back, just like all

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these countries that are dependent on fiat currency.

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So you've got President Trump, former President Trump, who's obviously a supporter, also

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Senator Lumas.

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She introduced a proposal for a strategic Bitcoin reserve.

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Explain to us what it means and why it would be so important for our nation.

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Some great empires are built on productive property that you can defend.

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And the Lumas bill is our Louisiana moment.

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You know, there was a time when everybody moved to the New World and buying the New World,

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like Louisiana, or Alaska was a good idea.

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What we have right now is a race to own cyberspace.

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The future is digital.

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Bitcoin is digital.

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If you're worried about the U.S. dollar as the reserve currency, what are people going

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to buy when they sell the dollar?

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They're going to buy Bitcoin.

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And so you should go buy the Bitcoin and wait, because hundreds of trillions of dollars

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of capital from all around the world are going to flow into cyberspace to the Bitcoin network.

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On the other side, you've got Senator Warren, who I just read, is building an army that

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take down Bitcoin if a common hair is wins.

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It looks like this time around D.C. will go to war.

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Have you had a chance to speak to anyone who heard camp?

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You know, I've spoken to people on both sides of the aisle.

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And I think that the more progressive politicians realize that there's a digital transformation

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in finance.

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BlackRock, Morgan Stanley, and Fidelity are illustrating it with their actions.

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Crypto and Bitcoin is going to drive outcomes in November.

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And you see people on both sides of the aisle that get it.

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And on Main Street, companies need this kind of digital capital, if they're going to compete

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in a modern digital error.

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Well, again, last laugh, Sailor, and it's just beginning.

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I appreciate you spending time with us.

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Every time you do, you know, forms the audience even more.

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And I appreciate that.

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Thank you.

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Thanks, Charles.

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