Bitcoin is Digital Energy with Michael Saylor

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In this interview, I talk to Michael Saylor, the CEO of MicroStrategy. We discuss the evolution of their Bitcoin strategy, technological disintermediation, and Bitcoin as a foundational societal technology.
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TIMESTAMPS:
00:00:00 Introduction
00:14:12 Technological revolution
00:38:36 Digital Energy demonitization
00:57:51 Generational capital strategy
01:18:07 Corporate revolutionary strategy
01:30:33 Nation-state strategies
01:51:39 Bitcoin vs USD Revolution?
02:16:21 Stay on message
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****
“People joke like, ‘are you going to be 5% exposed, or 100% exposed,’ I’m 500% exposed. I’m not 5%, 50%, we started with $250 million of capital, we bought $3.5 billion of bitcoin.”
- Michael Saylor
Location: Miami
Date: Monday 29th November
Company: Microstrategy
Role: CEO
In August 2020, MicroStrategy commenced with the bold defensive move to invest significant treasury assets in Bitcoin in response to inflationary pressures. Since then, MicroStrategy has strategically enhanced their holdings to become the largest corporate owner of Bitcoin and just last week announced an additional $414 million purchase.
The strategy has been led by CEO Michael Saylor. As a developer of enterprise software, Saylor has long espoused digital transformation. Bitcoin is part of that process, digitising the last major building blocks of the analogue society: property, energy, and money.
Whilst this first wave of corporate adoption is entrepreneurial in spirit, the advantages of corporate adoption are clear. Yet, despite a glut of Bitcoin miners maximising their Bitcoin hodling, MicroStrategy hasn't been followed by a wave of institutions following suit. Such inertia is predicated on a range of impediments that may fall away in the next few years.
In this interview, I talk to Michael Saylor, the CEO of MicroStrategy. We discuss the evolution of their Bitcoin strategy, technological disintermediation, and Bitcoin as a foundational societal technology.

This is the best version of Michael Saylor having a conversation with himself so far

[@cherylbutler]

Too funny - love love love - but too funny :)

[@CT-bx5ld]

Agree.....the one with Tucker Carlson was absolutely the best!!!

[@jmanjr]

Peter got a couple of words in such as “hold my beer” and “maybe buy a hotel”. Lol

[@davidblumer3586]

@@jmanjr Maybe buy a hotel was priceless.

[@shringmusic6988]

@@BitcoinAndChess Unpopular opinion but I felt the Tucker Carlson one was far from his best - it might even be the weakest one of his that I've heard so far. Sure, Tucker was on board and Michael was enthusiastic but I felt he was all over the place. There was no clear direction to the conversation and he continually jumped around talking points, repeating many of them countless times. I could tell he knew it was a big deal and probably adapted his style to the target audience of the show, so I'm not saying it to hate. Michael is among my favourites to listen to and does incredible interviews (such as this one).

[@TJL2010]

Anytime I question bitcoin’s price and why I’m investing so much money when it dips I just find one of Michael’s interviews. His logic and intelligence always calms me down.

[@conorkeyes3930]

Saylor is to FUD what sunlight is to bacteria

[@jasonjewel5937]

@@conorkeyes3930 Yes sir.

[@jasonjewel5937]

I just learned about borrowing against our Bitcoin...whoa!

[@jasonjewel5937]

You know we are gonna win on this right, if we just hodl............IT'll be alright.

[@John-wf5if]

Are you questioning BTC price today? 😂😂

[@swanson_]

Saylor was born to articulate the power of BTC.

[@m.vonhollen6673]

37:30 “That has weight, and that has no weight”, and then he does it.

[@tobiassteurer9421]

I dont understand why and how Bitcoin

[@granga7233]

"You're not actually staying in a digital hotel Peter, it's a metaphor" Favourite part of the whole interview

[@adev007]

Was looking for this! That was hilarious 😂

[@thepamo2812]

Cant blame pete hes trying his best 😂

[@mrsteamhorn]

Pete's brain had a fart Great interview BTW

[@Tchairdjian]

So Bitcoin is a Magical Hotel among many other things. Loved that.

[@ggrthemostgodless8713]

He would help himself a lot if he just shut the hell up more and lets his guest speak after asking the questions. LOL

[@JimJamJuicy]

One of the best things Bitcoin has done was bring this character into the public consciousness. His mind is one of such well oiled precision. I never get tired of listening to Saylor - thanks for the interview Peter

[@markpelle894]

Precisely ;)

[@gilman1918]

I've been consuming bitcoin content pretty regularly for over 4 years now and Michael Saylor has at least 5 of my top 10 favorite btc related quotes of all time. "Everybody needs it, nobody can stop it but very few people understand it" #bitcoin

[@SunnyDayTeaFactory]

Who are the some others you like?

[@taylorgilmore9427]

Whenever I hear Saylor I'm ready to bet the farm

[@bobo0202]

That's right. You should liquidate all of your assets and put the money in bitcoin. I won't, but you should

[@rubenortega6088]

I did not buy a warehouse to buy bitcoin. Best decision I ever made.

[@domkaz1669]

"The value of the property should collapse to the utility value and not carry the monetary premium." Love this insight, don't trade winners for losers. Such a high quality content with so many interesting ideas and explanations. Thank you for this awesome episode.

[@bisiriyutajudeen5728]

In Austrian speak or in Mengers’ principle of economics book, he talks about use-value vs exchange-value. Hard money has both high use-value and high exchange value while soft ones i.e homes should have high use-value and low exchange value because they’re consumption goods. This episode is phenomenal. Especially his analog map vs digital maps analogy. It’s quite interesting considering there’s a show on Netflix called “billion dollar code” it’s about a German company that invented google maps in the 90s a decade before google did and these German guys even predicted most of the features we’ve come to like about google maps today. And that’s what Saylor just broke down for us.

[@rangerdoc1029]

Even the banks did this during the GFC in 2008. They liquidated healthy assets to keep toxic debt afloat. Crazy.

[@huguesad]

Interesting. This is the only point I have ever potentially disagreed on with Michael. Assuming that humans will continue to seek comfort and status property will forever have a premium attached to it. Utility value collapse scenario is likely going to happen if humans become robots and don’t attached meaning to beautiful things anymore. I.e. if art dies. Quite unlikely. Any thoughts ?

[@davidtan6084]

Art will be better and more widely appreciated if its form is more utility based - with the help of soft data.

[@thejimd]

Marvel film length interview with a Bitcoin superhero. Epic.

[@Ngutech]

And Michael Saylor too

[@nichole2757]

Hearing a literal rocket scientist say “it doesn’t take a rocket scientist” was hysterical Absolutely fantastic interview with the bitcoin Chad. Saylor always has a way of condensing so much valuable knowledge into beautiful sound bytes

[@ryry5249]

Great comment

[@junipersnow1]

“it doesn’t take a rocket scientist” ...but it sure seemed to help...lol

[@endthefed5304]

Bytes. I see what you did there

[@cherylbutler]

Valuable information - agreed - condensed into 2.5 hours - hahaha

[@rangerdoc1029]

"GigaChad" - Elon

[@martinbernharddoll9599]

It wasn't an interview, and Peter was smart enough to let Micheal talk with himself. World-class talk. Thank you both.

[@PeterLewisCoaching]

A great host knows when to keep their mouth shut!

[@hullahopbob]

I always get bullish, when I hear an interview with Michael Saylor

[@dy2cakc1]

Saylor sitting there like Thanos on his Throne. Love it.

[@nishantrai2570]

With his 100k bitcoin gauntlet resting at home

[@rndmstffs]

24:28 *snaps

[@kelvinls8598]

Ready to stack 1/2 of all btc 10.5 m btc

[@kha_2428]

MICHAEL SAYLOR IS AN ABSOLUTE LEGEND............THE WORLD WILL SOON FIND OUT

[@PanasTvP]

we already know

[@paudelamarianaoancea3761]

yup

[@PoboyMusic]

@@paudelamarianaoancea3761 The guy said it was a scam in 2013 and finally bought in in 2020.

[@dy2cakc1]

Best move you ever made! Michael "Baller" Saylor is the apex layer of wisdom for everything BTC.

[@franciscosamir5256]

Nah that's Max Keiser and/or Antonoop, but Saylor is the one with the biggest stake in it by far.

[@HODL_BTC]

@@franciscosamir5256 Nah, his wisdom has surpassed them both in such a short time, while he's not quite there from a technical perspective like AA, it appears that's not his focus. He will be remembered and go down in history as one of the biggest btc influencers of our time, probably only 2nd to SN.

[@TritonCC-qi8ud]

Saylor is a beast!!!!!

[@bitcoin7716]

Yh✌️✌️

[@lynnnorton7155]

This two-and-half hour conversation was worth every minute. Michael Saylor’s evolution versus revolution analogy is something that we all need to hear, discuss and eventually decide within ourselves as we move forward. I guess I was leaning towards revolution until today. He whipped my head around to a decisive change for evolution for everyone. Peter, once again you nailed a great interview and I am grateful to the both of you!!

[@marccampbell7814]

I'm pretty sure it was Alan Partridge that first said that he evolves but he doesn't revolve. Or vice versa? Thanks

[@matthewallen9224]

Watching this for an hour now and I totally forgot Peter was present. lol

[@malcolmatuona4093]

🤣🤣🤣🤣🤣🤣🤣 You just gotta let Saylor go for it and not interrupt

[@mschin008dw]

Lmao 🤣

[@Tchairdjian]

And to add one more observation, these kinds of interviews with Michael also helps Michael as they act as a sounding board for him to formulate his ideas and metaphors. His mind really works very fast but still needs to hear his ideas to perfect them. I’ve seen many of these ideas develop and get perfected over many interviews. So credit is also due in spades to you Peter for arranging this session and sitting through a long period without saying much. Thank you.

[@isaacalam1173]

Thank you Saylor For giving Satoshi a lot of respect. Every Saylor interview is equivalent to a associates degree in economics. ITS GOING UP FOREVER LAURA LOL love life and stay happy !!

[@Mathematics.is.perfect]

FOREVER

[@bobo0202]

Yes!!!!!!!!!! Bitcoin will one day be worth $10000000000000000000000000000000000. Probably next week

[@rockyli9167]

This is brilliant, particularly the second half. Hard to believe that I still learned a lot after listening so many of Saylor's interviews.

[@theladyofmalice]

Michael is such a well rounded businessman. His insights as a technologist, an engineer, a capitalist and a Bitcoin investor are highly valuable. Thanks for the interview.

[@CodeBoost]

We're not going past $58k until Saylor sells his chairs.

[@JP-cu2gm]

And the painting

[@Lucky_Red_Fish]

This is the best Michael Saylor interview I have seen, we finally got to meet Michael Saylor.

[@yinyang9109]

I can't beleave I am watching this for free, thanks Peter and Michael, your insight worth every second of my time.

[@trustno1830]

One of the best Saylor interviews of all time. The last hour was 🔥.

[@jimnichols5584]

Geniuses always appear on the scene at the perfect time in history to help us navigate through to the next awakening ah ha reality. Thanks Michael.

[@FilipinoHODL]

There's never too much Saylor, spread the news!

[@RogueMoney]

I can literally spen a lifetime listening to Saylor

[@winsomehax]

I get more and more impressed with Saylor every interview. It's the rich and deep metaphor that he uses to bring an abstract subject to life - and how he on the fly adjusts to his interviewer. At one point Peter completely (and I do mean completely) flubs and bozos the interview ("Are you talking about the metaverse") and you see Saylor visibly back up and rethink his approach. The only criticism I can think of Saylor here is that he visible looks away off screen and it looks like he's thinking "who is this chump - I thought he was a bitcoiner" (whether he was thinking that or not is another matter... it looked like it). But he quickly rethinks, backs up and explains from scratch.

[@desmondchin3345]

Micheal Saylor is the one convinced me on bitcoin. Thanks Micheal! You are truely a legend and a man with wisdom

[@rittoosingh9087]

Time stamps: 0:00 intro 0:26 what’s it been like past 12 months? 2:32:48 end! Or something similar 😜

[@rittoosingh9087]

@@yrp237 😂🤣😂🤣😂🤣

[@TheBitcoinRevolution]

Speechless, and I say this having have watched 90% of Michael Saylor's interviews! 🔥

[@neilbarnard735]

2hrs 32 minutes would normally be a NO for me, but was hooked after 1 minute + 30 seconds. Excellent. 👍

[@cristinall-r1745]

Listening to Michael Saylor is like a healthy mind smoothie, the perfect blend of meditation and education in one!

[@drbenkim]

50:46 may be the greatest moment in the history of the internet. It’s a metaphor, Peter.

[@alsiha3642]

Thanks Peter for this interview. Please get another Michael Saylor interview ASAP. Thank you again!

[@Tchairdjian]

That was a fabulous session Peter. Really appreciate your time and Micheal’s time for bringing this to us. He didn’t insult anyone… and that’s a class act.

[@Tchairdjian]

And he gave you a huge compliment at the end.. Take that with great humility. Keep it up.

[@artlix4790]

As an Argentine, swaping from pesos to dollars if just protecting yourself going from dollars to bitcoin is the same

[@TylerO_O.]

I needed this today. Didn't sell. bought more. I;m holding 4-8 years at least. . I'm of very modest means. UAW worker. Welder by trade. I have been learning T.A/CHARTS/Patterns. Hopefully my 100 a week DCA will get me somewhere.

[@YashJack]

By far the best interview considering how well versed Michael is in Engineering, Physics, fundamental sciences, to economic theories and finance. I have seen more than 100 hours of interviews with every single major podcaster in crypto space, Peter

[@ayetteyhadjor8834]

Stellar interview Peter, but you didn’t actually have to be there. Just say Bitcoin and it sets Michael off!

[@DovGordon]

This is one of the best Saylor interviews. He explained many important concepts I haven't heard him explain anywhere else.

[@jeanphilippebedard]

Amazing ! What a privilege to get to hear & see this, stay on track, keep stacking. Big Up !

[@miguelangelpaudiaz5198]

Once again I have no words describing your work Peter! Thanks a lot!

[@Hargreaves1231]

This is brilliant. Really appreciated the effort to dig into Mike's personal experience @Peter

[@MidAtlanticTV]

Peter, it's nice to see you're taking your video production to the next level. Well done!

[@andybaldman]

Errbody gangsta until someone whips out vector calculus.

[@savingsusanna]

I really appreciate being able to listen to Michael speak his insights about aspects of the business world i have no idea about. It's fascinating and enlightening. I do hope you get to do that 'another' interview Peter, where you can ask questions more. I think everybody wants to hear Michael speak about the types of questions you would ask that we all want to hear his opinion on. Go for that 2nd interview! Cheers both of you!

[@andym212]

Please do another interview. Round 2. Loved your questions loved listening to Michael Saylor. Well done. You clarified some of Michaels thoughts for me

[@firewoodtime2]

His mind is like no other to answer the question (@14+ minutes) from myself and many of my friends.

[@icecold5746]

I can listen to Saylor for hours…

[@biglance]

"Let's MONETIZE a VOLCANO"....pretty sure no one has ever said that phrase! Thank you Michael!

[@JonFrumTheFirst]

When Peter stumbled on the hotel metaphor and I got it, I popped open a beer. Good for me.

[@jackgill2391]

Damn our Bedford bwoy… smashed it.. well done Sir.. Peter u done good .. watching from Estonia 🇪🇪

[@samandrastek]

Beautiful room for interview & nice lighting. Painting is The Anatomy Lesson of Dr. Nicolaes Tulp by Rembrandt

[@bamnjphoto]

Mannnnnnn this was great, even though I consumed almost every long Saylor interview I learn something new everytime.

[@robbieley2839]

Brilliant convo mate.. You let Saylor hit it out of the park!!

[@re-thinkthis4880]

How long does Saylor spend on meditation per day? He is like a next level human compiler. Amazing to hear that thoughts from him. Thanks again.

[@RonnieFi9]

Just put a camera on Michael and let him talk. My IQ increased 20 points and all I did was click the video

[@DrMamaHart]

Absolutely amazing explanation that helped me to understand deeper why Bitcoin and how to use it to expand my financial position. Thanks Michael Saylor.

[@Tchairdjian]

I just listened to the whole thing for a second time… it’s even better than the first time. Especially the last parts… It’s hard to absorb everything the first time especially towards the end when one tends to get tired or distracted and excited with all the things you hear in the first parts by the time you get there…. So definitely worth watching again and again. Whew. It’s truly amazing subject and powerful powerful powerful.

[@GrumpyOldGuy777]

I fully expected this to be epic and it was. Thank you.

[@shawnk5619]

Thanks for having Saylor. Always good hear him.

[@sven1925]

Every time I listen to Michael I learn something. Thanks guys! F'n awesome.

[@formxshape]

It's so cute how he says February as Febwoowery.

[@GEN206]

Nice job of letting him speak. I can listen to this guy for hours.

[@calman2464]

Great interviewer and great guest. Pure gold thanks

[@TinTin21872]

I am inspired by Michael Saylor - it's one year since I listened to his lectures on macro economics. It is fundamental and critical to your thinking.

[@vicmarc4984]

Bitcoin is like a STAR (atomic fusion in cyberspace) . It’s growing BIGGER, and it’ll go Super NOVA in time.

[@Alejandro_btc]

I enjoyed every single minute of this conversation! Thank you Michael and Peter for making it happen.

[@martinluthierking]

Michael Saylor: The Final Boss

[@NZBitcoinMaxi]

Time well invested. Thanks and respect to both of these educators. The points made on Bitcoiners helping to educate those new to the space and to be constructive in our interactions in different forums are valuable. Duly Noted. We can change the world for the better one day and one person at a time.

[@MrEdb1969]

I am so captivated by Mr. Saylor's intelligence, knowledge and sense of reasoning about things, it makes me realize there so much to learn and it is a joy to listen to these interviews. Thanks for the interview Peter!

[@shutriMedia]

I spent twenty years implementing SAP ( enterprise software ) for different companies .. what Saylor said about changing the accounting system is absolutely spot on. .. stay put and stay focused on the message ..

[@heerbommel8645]

33:46 ‘Gold is a dumpy dead-metal thing’ 😂😂😂

[@GrimTTL]

The hubris is palpable. Gold is a cockroach.

[@stevencortez007]

Great interview! Good job Peter👍🏼. Next up, Saylor vs Schiff debate on bitoin vs gold😉😉

[@Cyberpunk2023]

Schiff NGMI

[@rami87ah]

At min. 51 he is getting at the future of the metaverse without realizing it or realizing it but not wanting to advertise that market...Anyhow, Saylor is a genius!

[@GEOPOLITICALANALYSIS]

Love this man! Michael Saylor is a great leader

[@tsaikimon]

Love your podcast Pete, and I loved Michael in this one. In the presence of Bitcoiners a certain relaxed depth begins to emerge. Really enjoyed it, especially his remarks on his Twitter approach at the end. I too have things to ponder and an approach to rework. Thanks again. Looking forward to the next one, with him, and otherwise. 🤙🏽🍻

[@bujin5455]

57:51. My favorite moment!

[@BatmanBoss]

Captain Saylor! Thanks guys!

[@prula]

Me trying to life a normal and productive life... Seeing Saylor on What Bitcoin Did... spending 140 Minutes on watching a podcast!

[@bisiriyutajudeen5728]

Facts 😂😂

[@Cyberpunk2023]

I didn't spent a single min with that Raul Paul shitcoiner podcast.

[@dipunm]

I thought you were doing 30 minute shows?! 😂 This is going the opposite way. But it was Micheal Saylor so 👍🏼

[@hyperbitcoinizationpod]

Renaissance Man!

[@lefortuniste]

Christ, he's compelling. I'm eating out of his hand. Makes me feel like I have to go back to school - but I'd never be as smart as him, hahah!

[@Ones_Complement]

I could listen to Michael Saylor talk about Bitcoin and energy for days.

[@ObiWanSatoshi]

I never get tired of listening to Saylors outlook on bitcoin. It’s unique and it make sense. Sailor is a walking version of bitcoin for dummies.

[@dogbox2290]

Never get tired of listening to Saylor sing☀️🌴

[@jairunet]

Wow, thank you Peter for making this happen, your hard work is very noticeable my friend keep it up, and Michael man, thank you for all your ideas and examples, invaluable knowledge every single time I get to listen your interviews, amazing, bitcoin everyone, let's go!

[@AS-iu3pl]

I get it. Reframing the discussion is certainly a smart way to avoid trouble. Very accessible message, hopefully it will stick.

[@DavidJohnAbraham]

Thank you for this it is great keep spreading the news.

[@couvmark]

Killer interview/iconic. Saylor is all signal, zero noise.

[@Cyberpunk2023]

My Lord MS. Greetings from Colombia 🇨🇴

[@cuttheknot4781]

I love Michael's taste in decor. It's very masculine in a Renaissance Man sense. It definitely fits his IQ and personality...love it. he deserves every penny his non-stop thinking mind gives him.

[@ryanbaileyboxing]

Powerful interview. Thanks!

[@matthewnepa]

What is that amazing piece of art in the background

[@miguelangelpaudiaz5198]

Reminds me of "The anatomy lesson..." by Rembrandt, but with a book instead of a corpse. I nice piece of art!

[@dksone3227]

What a piece. I’m speechless.

[@richardkim651]

Extraordinary explanations what Bitcoin is as always!

[@drinks777]

Great interview

[@sagi2tarius-722]

Thanks for not interrupting this man.