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 →
Well, the recent dip in the price of Bitcoin brought out the usual assortment of naysayers.
Although I gotta tell you, that pull is shrinking.
Even with the slight pullback, listen, so many of them have so much egg on their face still,
they always come out and they always seem to aim their anger at my next guest who isn't
just a fan, but he's an evangelist.
And while he's put billions words conviction in, he's want to bring it out.
Micro-strategy is executive chairman, Michael Saler.
You know, Michael, I'm gonna start calling you last laugh Saler because you always seem
to get the last laugh.
Even with the pullback, you know, you put out a chart that's really amazing.
Micro-strategy is outperforming everything since you adopted it as a strategy.
It's crust everything.
Look at that green arrow.
It's crust everything.
So I know you feel vindicated, but there's more, right?
Look, Bitcoin is volatile, but volatility is a signal of high energy.
You know, rivers, waterfalls, fires, and windstorms are volatile.
They just contain energy that we can harness.
And so this digital asset is creating tens of billions of dollars of credit and liquidity
at all times for everybody everywhere in the world.
And it's attracting massive amounts of capital, and that's what's driving that superior performance.
Micro-strategy is just levering the most powerful ID in the world right now.
Yeah, but when you decided to go down this route, we've had many conversations.
It was really nuts.
And even now, critics, you know, I heard folks talking about it on just in the last couple,
you know, days.
It was supposed to be sort of the world's going to hell in a hand basket.
It was supposed to be a safe haven, and it's not.
What do you tell folks who still are convinced, in part, because it's not a safe haven per se?
What I say is, Bitcoin's a solution to everybody's problem.
Investors are worried about regulation taxes towards an antitrust economist are worried
about the deficit and the debt.
Individuals want to deal with inflation, and they're worried about opportunity.
Companies can't compete with mega-corpbs.
Those who understand Bitcoin buy Bitcoin, those who don't criticize Bitcoin, with Bitcoin
individuals can outrun the inflation.
Investors can beat the market.
Corporations can outgrow the competition.
And countries can revitalize their economies and boost their currencies by tapping into digital
capital.
I want to talk about what's next from Washington D's vantage point, because one of the things
I've always been afraid of is that a D.C. at some point would push back, just like all
these countries that are dependent on fiat currency.
So you've got President Trump, former President Trump, who's obviously a supporter, also
Senator Lumas.
She introduced a proposal for a strategic Bitcoin reserve.
Explain to us what it means and why it would be so important for our nation.
Some great empires are built on productive property that you can defend.
And the Lumas bill is our Louisiana moment.
You know, there was a time when everybody moved to the New World and buying the New World,
like Louisiana, or Alaska was a good idea.
What we have right now is a race to own cyberspace.
The future is digital.
Bitcoin is digital.
If you're worried about the U.S. dollar as the reserve currency, what are people going
to buy when they sell the dollar?
They're going to buy Bitcoin.
And so you should go buy the Bitcoin and wait, because hundreds of trillions of dollars
of capital from all around the world are going to flow into cyberspace to the Bitcoin network.
On the other side, you've got Senator Warren, who I just read, is building an army that
take down Bitcoin if a common hair is wins.
It looks like this time around D.C. will go to war.
Have you had a chance to speak to anyone who heard camp?
You know, I've spoken to people on both sides of the aisle.
And I think that the more progressive politicians realize that there's a digital transformation
in finance.
BlackRock, Morgan Stanley, and Fidelity are illustrating it with their actions.
Crypto and Bitcoin is going to drive outcomes in November.
And you see people on both sides of the aisle that get it.
And on Main Street, companies need this kind of digital capital, if they're going to compete
in a modern digital error.
Well, again, last laugh, Sailor, and it's just beginning.
I appreciate you spending time with us.
Every time you do, you know, forms the audience even more.
And I appreciate that.
Thank you.
Thanks, Charles.