well folks we know big coin is that has faced tough sledding in the past but so
certainly an enbrisa months in fact that chart is saying that this the first
time since twenty twenty three that's negative on a year and that's worrisen
for for holders who may not have been in that long enough to know that they're
usually some booms and busts with this thing now it's though it does have the
mean writers working overtime i thought this is a fun one taking shots at the
crypto bros of course nobody takes more shots than michael sailor who posted
just a few hours ago and x quote believe so let's bring him in now strategy
founder executive chairman michael sailor michael some would say that
believes like hope it's not a strategy so what what's has anything changed
with the value proposition
you know bitcoins better around for fifteen years it's had fifteen major draw
downs they've always come back to a new all-time high if you zoom out this is
just par for the course this is normal in the life cycle of an emergent
transformational asset class and and it's a healthy thing it clears out the
tourist the leverage and and the week holders and sets the bases for the next
rally upward a lot of folks are saying when wall street was kicking
tires and when wall street involved we'd have less volatility
uh... and and is that you know do you feel it's it's the wall street connection
has that helped a hurt
you know i think we are getting less volatility when i got into this space
in twenty twenty bitcoin was an eighty-volal asset growing about eighty percent
a year
and it's ground down to seventy seventy sixty sixty and now it's fifty
volass at growing about fifty percent a year
i think every few years you're gonna get another five points of all taken off
it as it matures and it's kind of grinding toward being about
uh... one and a half times as volatile as the s and p index and one and a half
times better performing
could it be to a degree of victim of its own success in a sense that it feels
like other cryptos this year and another you know uh... other uh...
other stories in this in a sort of in this area
have gotten a lot of attention also of course gold
that does gold take away some potential uh... bitcoin buyers
well you know there's a lot of exciting things going on in the economy there's
digital intelligence and a i there's digital assets digital currency digital
finance and
uh... you know and you can't dismiss any of them but bitcoin still remains the
ultimate digital opportunity for a sound money enthusiast
so if if you simply want to save your money forever and avoid counterparty
risk bitcoin is stronger than ever
uh... these other opportunities are going to continue to be shiny things and
and you can leave them to the tech investors that are experts in those areas
so let's talk about your company for moments strategy that the shares are
going to put it on the screen here
getting hammered pretty good
uh... and many talk about the financing uh... or you know that the the the
your financing approach
explain to the audience once again the approach that you use the raised money
so that you can buy bitcoin
and why and and why maybe it's you know the the summer saying that that's going
to collapse
you know the companies up about seventy percent a year for the past five years
bitcoins up about fifty percent a year for the past five years so
it's actually one of the top performing companies maybe it plus and video in
the entire s and p index
uh... we're also the best capitalized company in the crypto economy we've got
more than fifty billion dollars of equity and we're a financial powerhouse we
have billions of dollars of liquidity in the equity every day
and our credit instruments are a hundred times more liquid than the average
preferred equity
so our approaches is to raise capital by selling digital credit or by selling
equity
uh... to invest in bitcoin which is digital capital
uh... bitcoins appreciating about fifty percent a year for the past five years
we expected appreciate about thirty percent a year for the next twenty years
and we offer these credit instruments to pay about ten percent dividend
yield and in the form of a return on capital dividends so it's tax deferred
you know and so it's a pretty strong business model
if you want to work out the math as long as bitcoin goes up one point two five
percent a year
the company can pay the dividend forever and create more shareholder value
if bitcoin stops going up zero percent forever
we got about eighty years to figure out what we're going to do about that
would a bitcoin goes down more though is there a point on the downside
that triggers some sort of uh...
a domino effect
the companies engineer to take an eighty to ninety percent drawdown and keep on
ticking
so i think i think we're pretty indestructible or our leverage is
you know in the level of uh... ten to fifteen percent going towards zero right
now which is
extremely extremely robust
well you know what they love about you man
it's when when when the pressure is on
and it comes you know almost annually right but certainly when it comes it
comes
you never shy away you always stands all in people who have followed you
to thickened then
are so much wealthier for it so thanks a lot my colleagues appreciate you
yeah thanks for having a
rc soon
if folks now would bring in coin storage podcast so it's not a little bit
because you've been there to not only
uh... you know through through the sort of thick and thin but
when it when it's under pressure like this you get a lot of heat what are
you telling people right now
well i let people know that i've been in the space since twenty seventeen
and since then we've seen about a dozen drawdowns of twenty five percent or more
six that were fifty percent or more and three that were seventy five percent
or more
i'm still seventy five percent right
you know i was buying up as much as i possibly could i was hoping it would
dip under ten k and but you know what if you're nervous you actually don't
understand it enough because if you understand bitcoin
then you actually celebrate these opportunities to buy on the dip so if you
don't know enough get get my new book okay we're going to talk about your book
in one second but what is it though what is it that you
i mean this it you can't in the financial world you just it's you i can't say
the word guarantee
but it sounds like you feel like the return the ultimate the ultimate story the
ultimate value proposition is guaranteed in your mind
that's right i think that bitcoin has the superior properties that make for a
great form of money a great asset that we can invest in over the long term you
know i know you talk about companies in the s and p five hundred all the time
the average lifespan is about twenty to thirty years this is the hundred year
investment
and i think for the average person which is really my target audience for the
average person it's been so hard to accumulate capital to have a seat at the
table
we have such an incredible wealth divide and bitcoin allows us to catch up it has
for me it has for all these people that i've met it has for michael sailor
who found new purpose
through bitcoin and i think it will do so for billions of people around the world
you've always spent bitcoin bitcoin
other digital currencies digital assets are getting some shine right now
the done you know it there's a the news cases out there for a theorem
uh... you know you've got a government that's backing back in crypto
are you looking elsewhere you still it's it's all still about for you
bitcoin
i'm all about bitcoin i see a little bit too much risk elsewhere and
i think today the average person doesn't want to be a day trader doing
tens of dozens of hours of homework into all of these digital equities
i think bitcoin actually simplifies savings and i think it's here to stay forever
so when you have a winner
it sometimes hurts to diversify
central bank it's a bank bought to bitcoin recently
a central bank yes the check republic which has always been at the forefront
they've been hosting a bitcoin conference there
and they're moving into this as a test experiment i i talked about it a little
bit on the news block this week and i think it's only the first that's going
to start to dabble and eventually we will see central banks around the world
wanting to hold this neutral reserve asset that no one can control
and no one can debate
all right let's talk to book bitcoin is for everyone so i had a guy in my house
the other day
uh...
i think he's where was he from where's he from i forgot the old from Israel
and uh... young guy came to clean the chimney
and he's you know it's we're talking about investing he says i want to get into
bitcoin and i showed him your book
he was so excited i think he's going to be one of the first buyers today
bitcoin is for everyone what is it what is it why is it for everyone
well it's really the best way for people to save for the future we exchange our
time in our energy for money
and that money can be printed out of thin air by people we do not elect
and i want people to be able to save in something that no one can ever inflate
no one can confiscate no one can manipulate and it's something that they can
use to plan for their families for their futures
i think bitcoin is truly for everyone is the most accessible form of capital
available to eight billion people around the world and it's really changing
lives everywhere there's no data changing lies i started though with uh... one
of the memes with the crypto bros apparently they sent McDonald's applications
went through the roof here recently so and it is i bring it up you know and
michael talked about the weaker hands to
less i have trouble sometimes getting people to hold on to companies that will be
around after we're dead right you know
google will be here and video will be here
how do you convince folks who are new to it in their first dip you know you
mention all the best but they're very first dip how do you keep them hanging on
or even considering to buy more i say just start small and it's one of the
reasons i wrote this book i think so many people think it's too volatile it's
too technical they really have been sitting on the sidelines missing out on all
of this price action and we are a two trillion dollar asset class heading to
what i believe would be a hundred trillion dollar asset class so this is the
greatest asymmetric opportunity that the average person has to secure their
future we're still talking bitcoin a million at least some point i think
eventually yes i i don't have the bullish price prediction maybe for twenty
thirty i think it'll happen in the next decade or so but i do believe we will
get there on the good news that we're both young enough to do that right
bitcoin is for everyone that'll be fantastic thanks so much for having me there
is no second best anchor and there is no second best crypto asset thanks a lot
appreciate you