These are the lies that these people are telling,
that they hear someone on their show
that's a vocal figure that's making incredible points about what Bitcoin offers that other places do not offer,
and they just skip over. You know why?
Because they don't want to highlight their death.
This is the death of traditional finance.
That's why they skip over all the good points.
They try to make everything sound negative.
They make him try to sound crazy.
Elon Musk, all these people that are putting treasury, you know, parts of their treasury as Bitcoin,
they try to make them sound crazy.
this is I think there's a lot of companies now that are thinking about buying into Bitcoin
and yet their employees and/or board members who either own Bitcoin already or are buying in
knowing perhaps that their company is going to buy Bitcoin.
How do you think about that from a legal perspective?
Insider trading!
Oh, God! People know people are going to buy Bitcoin, so they buy it.
Guess what, the whole world is starting to buy Bitcoin.
Once again, it just lined up the traditional way of seeing things that--
Do you know what regulation is?
It's how to keep the haves the haves and the have-nots the have-nots.
That's what it's all about.
Because, historically, if one company was going to effectively buy another company,
it would actually be considered either illegal insider trading or just a breach of the fiduciary duty
because effectively you'd be taking advantage of corporate information.
Okay. Well, the first thing to note is that Bitcoin is property. It's not a security.
And that's a very critical idea.
A property means you can own a house, or you can own land, and your company can also buy land.
With regard to public companies, the key is to make sure that you have adequate disclosure of all your holdings
that might be viewed as a conflict of interest,
and so you can be sure that I went to great lengths to adequately disclose to every member of the board
the exact extent of my Bitcoin holdings--
You know what's interesting looking at the MicroStrategy stock?
I mean, I--
I don't have my finger on the pulse of the traditional stock market the same way I do with crypto,
but it looks like, you know, it took a pretty big dip when Bitcoin took a dip, so, you know.
It's something pretty interesting.
I'll be interested to see the whole Nasdaq and New York Stock Exchange,
what those numbers look like, but I'm just looking at the chart here,
and that's what I'm thinking about because, I mean, obviously it's in the red.
before we even started to deliberate this.
You see, Bitcoin is--
Bitcoin is the most widely held investment asset in the world right now.
We have congressmen. We have senators. We have members of government. We have CEOs.
We have hundred plus million dol-- hundred plus-- 100 million individuals out there that have it.
You're going to find that lots and lots of people have this property.
Pretty interesting. That's exactly what I said just a minute ago. Like, guess what.
Everybody's buying it.
And I do love this point about calling it, you know,
earlier, we're talking about it being an asset class, not a stock.
It's also different from a regular investment because you own it.
It's not a representation of something.
That's what the stock market is and, you know,
once again, all the derivatives and IOUs we talk about all the time.
I think that whenever you're running an institution,
be it a charity, an endowment, a government institution, a corporation,
the key is to make sure that you're very transparent in your holdings
before you enter into deliberation that might impact that company.
Right. It's at trillion dollars, so, I mean, there's stocks that are at trillion dollars.
- I'm trying to figure out what type of-- ~ Not the same thing.
of total market cap you'd need until you wouldn't--
Look at Michael Saylor's eyes.
Is this guy tweaked out or what?
Watch this guy.
Right. It's at trillion dollars, so, I mean, there's stocks that are at trillion dollars.
I'm trying to figure out what type of--
- of total market-- ~ He's like, "What?!"
You see his eyebrows? He's like, he's like,
"Huh? A trillion dollars? Huh? Stocks?"
I already told you it's not the same thing!
cap you'd need until you wouldn't ask that question anymore, Michael.
I mean, people with gold, if a company decides it wants to put its treasuries in gold,
I don't think they'd ask the CEO, "Oh, did you buy some--" you know.
You're going to move the entire gold market, but it's a much bigger mark,
but I'm wondering if there's a-- if there's a number where you don't ask that question,
- where it becomes actually, you know. - Look. look. Bit--
Would you worry about-- no, would you worry if you went out the yield curve on bonds,
or if you went into corporates on your treasury,
- would you have to make sure that the people that were at the company ~ It's real dramatic with all the music in the background.
weren't buying corporates in the meantime? I don't know. What do you think the number is?
At a trillion, you could still almost make the case. You can move that.
There's a $500 trillion monetary planet.
And the outer layer is currency.
Then you've got stocks, bonds, real estate.
Now, what he says is actually incorrect.
He says 500 trillion,
but the 500 trillion number is literally not counting derivatives,
so really and truly the number is like 1.5 quadrillion
because it's 500 trillion in like what we know as like the real estate market and corporate markets,
and the gold supply and Bitcoin, corporate structures, stock markets, all that put into one,
that is 500 billion approximately and then there's another quadrillion of derivatives as well,
so it's actually even bigger than he's saying it is.
There's $10 billion-- $10 trillion worth of gold in there, $1 trillion in Bitcoin.
The Bitcoin is going to flip gold.
- And it's going to subsume the entire gold market cap. ~ Definitely.
Then it's going to subsume negative-yielding sovereign debt and other monetary indexes
until it grows to $100 trillion.
Once it gets to $10 trillion, its volatility will be dramatically less.
And as it marches toward $100 trillion, you're going to see the growth rates fall,
the volatility fall,
and it's going to be a stabilizing influence in the entire financial system of the 21st century.
Wow!
I've got to say
I'm just so impressed with Michael Saylor.
I mean, I give him a hard time sometimes because
you know, he loves the brown-haired version of himself we see everywhere
when he's clearly silver fox like I am,
but, you know, he really hits this thing, you know, nail on the head.
Or nails it on the head.
He definitely understands Bitcoin.
He definitely understands where everything is going.
When he talks about a $100 trillion market cap,
let me put that into perspective for you guys.
If you basically were to multiply 19--
or if you were to divide the market cap of $100 trillion by let's just call it 19,000 Bitcoin
or let's just say almost 20,000 Bitcoin in the next 50 years or so,
then you're looking at almost a $5 million Bitcoin.
In fact, you would actually be looking at slightly above a $5 million Bitcoin.
And, you know, I just thought as I was sitting here thinking about this,
I thought as I was sitting here thinking, you guys know I love to do that,
and--
Gold's market cap is $10 trillion.
In my opinion, Bitcoin is at least 10 times better than gold.
I mean, there's so many reasons.
We controlled it. We designed it. We didn't design gold.
Bitcoin was designed to be the optimum form of money and value
that, you know, society, culture, civilization has ever seen.
And so, from that perspective, I can definitely see, you know, the total value of Bitcoin
getting maybe to that $100 trillion market cap down the road.
It will certainly flip the gold market.
There's no question about that.
It can absorb the gold market as well.
I think $20 million or, excuse me, $20 trillion I think is a pretty achievable number for Bitcoin
in the next 10 years.
A $100 trillion, there would have to be some things that would happen
to bring the derivatives market over, you know, to Bitcoin.
I think a lot of that is going to go to Ethereum,
through Ethereum, Cardano, Polkadot, Elrond, a lot of these projects.
You know, even Cosmos and Tezos will probably play a role in that.
And maybe some that we don't even know.
But I do think that Bitcoin to $5 million with $100 trillion market cap,
it is possible,
but I lean much more over to I think $20 trillion is almost a slam dunk.
I think a $1 million Bitcoin is a slam dunk on the next bull run.
You know, we're definitely going to see a bull cycle, another bear market.
We're in a bull cycle now. We're going to see another bear market,
and then we will see, you know, what I believe to be another bull market in about four to five years,
and, you know, I think Bitcoin can get to $1 million on that run
as long as it gets up above six figures on this run.
So let me know what you guys think about Michael Saylor.
Drop your comments down below.
Listen, guys.
Let's get Michael Saylor on the show.
I'm going to put a tweet together. Everybody, go make sure you go like and retweet that.
Let's get Michael Saylor to come on and talk Bitcoin.
I want to chat with him.
He's a pretty heady fellow.
And I definitely want to pick his brain on some stuff.
And I really wonder what it's like to kind of be up against the mainstream finance world all the time like he is.
He is a trailblazer for sure.
So drop those comments down below.
That's all I got.
Be blessed.
BitBoy out.