#716 Bitcoin Is The Best Asset w/ Michael Saylor

It was a benefit to the United States when China banned Bitcoin. Cracking down on Bitcoin mining was a gift handed to the west. And I've said it before: I think it's worth a trillion dollars.

The human condition is elevated via the channeling of energy, and every great advance was a new form of energy via metallic energy in the form of steel or electrical energy or chemical energy, and Bitcoin is the next evolution of that.

Every successful investment idea in the 21st century was a digital transformation—digital transformation of music, digital transformation of entertainment, digital transformation of books, digital communications. Bitcoin's the digital transformation of everything else.

The connection of Bitcoin to crypto has been holding it back ... The connection of Bitcoin to SHIB or Dogecoin, this holds back a public entity from wanting to get into that space.

If JP Morgan, Goldman Sachs, and Bank of America issue $10T of USD stable coins and start handling Bitcoin and selling it to all their institutional investors, yeah, it's good for Bitcoin. Bitcoin's going to $1M a coin, then $10M a coin. And all the people that believed in Bitcoin for the last decade are going to have the financial wherewithal to create their own companies to do whatever they want .... It's just not good for the entrepreneurs to compete against the mega caps.

I think that one of the great advantages of Bitcoin is it's money of the people; it's money for the people. And the combination of the fact that it's permissionless and it's open, nobody controls it, means everyone can adopt it. Everyone can engage in it.

Bitcoin is the greatest brand in the history of the world.

The road to serfdom is working exponentially harder for a currency getting exponentially weaker.

The dollar-weighted monetary inflation rate across all currencies for the last 30 years is 14%.

There are people still invested in gold. You and I joke about that. Gold has been failing for 12 years ... Gold's the same price as it was when Bitcoin was invented.

The US dollar is the world's reserve currency, but it's running on 20th century rails. So, the US dollar should evolve to run on crypto rails.

Bitcoin mining is the most lucrative use of energy in the world.

I really think that that, for the next decade, the screaming homerun architecture is digital currency as the US Dollar on top of digital asset as BTC.

It seems so obvious: Bitcoin is digital gold. It's basically engineered to be digital gold. What do you need in an inflationary environment? You need something that's like gold but better than gold.

If you want to take your company public, you should be able to issue stocks and stock options backed by Bitcoin.

History teaches us that the winning civilizations, the winners in the history of mankind, are the civilizations that channel energy more effectively through time and space.

If I had one one request for the Bitcoin community, my request would be: Focus your guns on gold.