Michael Saylor: Why Bitcoin standard is what 8 billion people need for decent life (Pt. 2/2)

As concerns rise about inflation, one of the ongoing debates amongst investors is which financial asset would serve as the best long-term, store of value. Michael Saylor, CEO of MicroStrategy, argues that the dominant store of value in the 21st century must be digital, and ideally, this monetary asset takes the form of the Bitcoin standard.
“You want to fix your country like Nigeria or Zimbabwe. The way you fix your country is you buy 2 billion, $3 billion worth of Bitcoin. And you issue currency back to buy the Bitcoin. That is the Bitcoin standard. And every one of your citizens stopped starving to death and they live a decent life,” Saylor told Michelle Makori, editor-in-chief of Kitco News.
Still, skeptics remain. Bill Maher, host of the political talk show Real Time with Bill Maher, has recently criticized Bitcoin by saying “There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered. It’s like Tinker Bell’s light. Its power source is based solely on enough children believing in it.”
0:00 - Bill Maher vs. Bitcoin
4:45 - Bitcoin and energy consumption
16:05 - Government regulation of Bitcoin
18:45 - Bitcoin price projection
29:10 - "Bitcoin will make the world a better place"
__________________________________________________________________
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[@BRAUSA]

Saylor shredding FUD like a Jedi as usual

[@JohnnyBGood11]

Saylor is FUD, so many other coins better and cheaper to move money

[@BRAUSA]

@@JohnnyBGood11 😂😂😂😂😂😂😂

[@JohnnyBGood11]

@@BRAUSA Don't cry boy jimbo

[@vaisata]

You mean like the "storing energy for future use" bullshit? Please explain how do you use this "stored" energy in bitcoin?

[@marcuscolon2131]

I appreciated Sailor calling Marr a fool. I had a little flutter in my belly.

[@fannys941]

Bang!

[@HeronMarkBlade]

and he was being polite about it.

[@JohnnyBGood11]

Saylor is a joke saying bitcoin is like the titanic it's unsinkable

[@shawnhansen9413]

People who go to Maher for their information think television is real.

[@maximumliberty]

@@JohnnyBGood11 well I'm glad someone out there against it yes you're exactly correct Johnny Be Good

[@Ziterberg]

He's right about one thing. Bill Marr is a fool.

[@revoguy74]

Not a fool , more so an idiot lol 😆

[@ray_mond]

maybe, maybe not. truth is only time will tell.

[@LukesPersonalChannel]

He's right about everything.

[@kailashsaravanan8551]

Bill Maher is not necessarily smart or stupid, but he is incapable of opening his mind to new possibilities/perspectives. Unfortunately, that's a common condition found in the elderly

[@anitarahiman3092]

A comedian is always a fool. He hides behind his foolish though thus his audience just laughed

[@caseyisajim]

I wanted this interview to never end

[@kamaardejarnette2728]

Agreed

[@HeronMarkBlade]

@@kamaardejarnette2728 utterly agreed.

[@jfuite]

I thought there was plenty of hyperbole. I was not impressed.

[@5dollarshake263]

Have you watched the interview Saylor did on Tom Bilyeu's youtube channel? Its AWESOME and a only a few days old.

[@caseyisajim]

@@5dollarshake263 No, but I'll check it out now! Thank you!!

[@rexn1589]

This is an absolutely awsome interview. Thank you Michelle, Michael and everyone at Kitco News.

[@rickycolladi530]

Sorry to say Michelle, but Elon Musk didnt get the value proposition you just stated. He has announced Tesla will no longer accept Bitcoin. I will not ve surprised he will start dumping Bitcoin holdings as well. Maybe he thinks the whole system of Bitcoin is as Bill Mahr states wasteful energy use

[@williamnowotny5733]

Really fascinating interview. Saylor can speak for hours and I’d listen. Excellent content from Michelle and the Kitco team.

[@user-DongJ]

In the story of the Grasshopper & the Ant, the Grasshopper sings & laughs at the Ant for wasting his time collecting & storing food. Sounds like Bill Maher is the Grasshopper & Michael Saylor is the Ant.

[@envisionmore]

Check out The Saylor Series with Robert Breedlove.

[@maubreydestined]

Wow! You've been blessed with divine articulation, Michael.

[@mickeydrago9401]

Human science

[@PC-nt1vz]

* Divine manipulation

[@BITCOINSUPREMACIST]

My hats off to kitco for being so ahead of the curve. Covering Bitcoin is extremely important, as there are dozens of fools commenting making clowns out of themselves... Bravo kitco!

[@thehalvingshow]

👏👏🧡

[@Scottlbyrd1]

One of the best interviews on Bitcoin EVER. Saylor is an assassin.

[@tjij-mbai]

He's mean.

[@raduz7933]

Michael Saylor, you're a genius. No one not even Satoshi himself could've said it better.

[@winstonkwan]

Yup, he is a genius in the most literal sense. 1560/1600 in SAT test, Aeronautical Engineering in MIT, graduated top 1% in his class

[@Jontellis]

Gigachad.

[@joedoe7506]

Michael Sailor is a man from the future, who came here to help steering the flow of events, safely and precisely 🙌

[@mickeydrago9401]

And he's all out of bubblegum

[@user-DongJ]

In the story of the Grasshopper & the Ant, the Grasshopper sings & laughs at the Ant for wasting his time collecting & storing food. Sounds like Bill is the Grasshopper & Michael is the Ant.

[@joedoe7506]

it's inevitable... world is moving towards chinese backed reserve crypto currency and it's going to be backed by btc... usd is dying and carbon is the new oil.. it is happening... stack sats ✌️

[@user-DongJ]

@@joedoe7506 - Would the source code of the Chinese backed Reserve Crypto Currency (DCNY or CCNY?) be fair-open-transparent (with no backdoor) or close-opaque-secretive (with a backdoor)?

[@mickeydrago9401]

@Nazi KZbin Not true, They operate 65% of the mining and that is a far cry from owning Bitcoin!

[@tommynajdovski9242]

Michael saylor is intellectual monster

[@dwdwdw11]

He's a BRILLIANT orator!

[@PeterFreemantennis]

He is the rain man of crypto.. he has more stats in his head than just about anyone I have ever seen

[@emeritusaram8548]

Agreed. I would pay to hear his opinion of proof of work vs proof of stake.

[@UnderstandingBitcoin]

Bitcoin not crypto

[@UnderstandingBitcoin]

@@emeritusaram8548 easily findable

[@TheBossEntrepreneur]

You nailed it!

[@TheFruitarian]

Agreed

[@brianash7143]

Saylor's first comment is perfect since Maher actually did mock cell phones that also took pictures.

[@marioderioverde4470]

Michael Saylor is the brightest, greatest mind of our time.

[@aaz1992]

But he said gold is going to $0. That's retarded

[@marioderioverde4470]

@@aaz1992 Can you show us where he said that? Can you prove it?

[@timpeterson175]

Michae Saylor was awesome a few months ago. He’s even more impressive now, but I’m not sure if my superlatives and adjectives are organized enough to describe the current state; especially since I’ll likely need even superior word things in the near future.

[@user-DongJ]

In the story of the Grasshopper & the Ant, the Grasshopper sings & laughs at the Ant for wasting his time collecting & storing food. Sounds like Bill Maher is the Grasshopper & Michael Saylor is the Ant.

[@8sourceenergy895]

😳Omg(!)...Mr. Saylor is the epitome of, beyond, meticulous.

[@Acd1217]

Love Michelle, this might be the Best Saylor interview yet. He's coming up with more and more powerful analogies!

[@Daniel_D-bo]

1:42 Michael Saylors facial expression is priceless after the tinkerbell reference 😅

[@elee9124]

The dude is a lizard 🦎

[@diegocervantes4977]

@@elee9124 maybe he is

[@brainwashington1332]

and then he didnt even answer the question lol. Then he compared food and water that actually have intrinsic (duh) to bitcoin that actually has none, Even Bill Maher's show has intrinsic value, it provides entertainment.

[@lewokecrybabyjames5828]

@@brainwashington1332 it provides entertainment? 👌 🤣 that's a good one!

[@joshuamentz]

@@brainwashington1332 he did actually respond, but didn't lay out the underpinnings of the thesis which is that Bitcoin serves as a store of value, and stores of value are in essence stores of energy.

[@thierry1491]

One word. AMAZING

[@lewokecrybabyjames5828]

That's 3 words!

[@morawiecki5916]

Only now have I realised that Michal has a ship in backgound, because he is a sailor :)

[@cwoooo]

He talks because he is a “Say”lor.

[@SuperGreenbob]

Lol Morwiecki is stacking sats wtf do roboty kurwa

[@nocomment4848]

Could also be a reference to Michael ie “my kall”, a region in Germany known for their love of boating on the local lakes and rivers

[@morawiecki5916]

@@SuperGreenbob "Do roboty" No way! Money comes not from work, but from ATM.

[@quocnguyen1188]

mind = blown

[@johnklaboe2389]

Michelle, outstanding interview - best I’ve seen in years. Saylor is phenomenal, give us more!

[@roberthodgson3574]

Michael Saylor just gets better & better. Perhaps his best interview to date. Learn from the best...

[@runningrock124]

i feel smarter after listening to Saylor

[@ahmedalsharman]

are you also fan of the Buttcoins ??

[@e7venjedi]

Love the refrigerator being a [place where you] store value. Brilliant metaphor[s] Aqueduct, battery etc. Such a brilliant man.

[@doyleelad1113]

Bitcoin is easy to store and move because it's nothing.

[@e7venjedi]

@@doyleelad1113 You mean digital I believe? The digits in your fiat bank account are relatively easy to move and store. They are just designed to lose their purchasing power over time. That seems to be the main difference. [And because they've been around longer, you can use them with merchants and they are "supported" by the govt I guess would be the other - currency vs. asset - differences?]

[@TheBitcoinRevolution]

Saylor is a MIT educated engineer, hence his comment to Elon Musk re: his playbook, from "from on rocket scientist to another." :)

[@TheBitcoinRevolution]

@@doyleelad1113 You need to do further research, maybe another 399.

[@JoeHerdez777]

@@TheBitcoinRevolution Elon musk is a fraud

[@NorbertDz]

He is so intelligent

[@nGUNNARp]

"well first of all I think there's something cruel and tasteless about an entitled rich white male that wants to deprive billions of poor women and children and men in african, asia, and south america of the basic right of economic self preservation so he can generate some laughs." this is why we like saylor, he actually gets it.

[@maxflight777]

“Tasteless and elitist “. Beautifully put Michael ! Worth watching this video twice !

[@beautifulfacesskincare]

This gentleman is extremely intelligent and super-highly informative. I, now, have a thorough understanding of Bitcoin. Thank you for this interview.

[@mattearle1653]

I love this guy. Amazing interview.

[@joelgb8270]

There are new uses of bitcoin That I learnt today like insurance companies can use it, countries can use it etc. Very well said Michael you're the Master!

[@user-DongJ]

In the story of the Grasshopper & the Ant, the Grasshopper sings & laughs at the Ant for wasting his time collecting & storing food. Sounds like Bill Maher is the Grasshopper & Michael Saylor is the Ant.

[@josephfriday2661]

No, Saylor looks like the drunk.

[@mykolarusyn1776]

Saylor speaks, I listen. simple

[@linkamus]

Saylor's best rant to date in my opinion.

[@ShareGooRoo]

The bloke is a MIT grad and runs a billion $ company. Why have you not joined the revolution..

[@grantharding8868]

Because its a ponzie scheme

[@jessicafernandez1528]

nailed it as always!

[@thehalvingshow]

Yeah. This dude is a legend!!

[@danielgerschermann]

I freaking love you Micheal!! Superb !!!

[@_TheMatrix]

I understand gold and silver.

[@DiiceForeveroO]

I understand blockbuster

[@kevinseveneleven]

I would hope you understand silver and gold you only have how many thousands of years of info on the subject to look at

[@DiiceForeveroO]

@@kevinseveneleven horses and ships has been used for thousands of years before automobiles and planes. Swords, spears, arrows have been used thousands of years before gun power. Gold and silver has been used for thousands of years before paper currency. Looks like the world is always evolving.

[@beverleysmith3629]

@@DiiceForeveroO Fiat currencies have been used for hundreds of years until e-currencies backed by ...?.... came along.

[@mickeydrago9401]

@@DiiceForeveroO Bitcoin is a lot more like Netflix

[@mickeydrago9401]

2020 article: "...39% of hashing’s total energy consumption comes from renewables."... For Bitcoin

[@frenky29a]

🤣 yup. Because big farming hubs in China are well known and they all use the clean renewable energy... 🤣👌

[@marcw1]

Saylor on Fire!!! 🔥🔥🔥

[@drc998]

Fantastic interview Michelle. Very insightful from Michael - thank you

[@Jimmybob21]

This guy should be president 👏

[@quant2011]

With klaus schwab?

[@Hugh213]

Wow! Glad that Michael is on our side! He really breaks the whole thing down....simplifying it for every day people. Thank you Michael!

[@dalenewland5115]

This is one of the most awesome videos known to mankind Good gravy huh

[@mmustap3]

Wow, just wow. Saylor is King.

[@heimes7625]

Michael Saylor: How to knock out a comedian - the one who takes technical advice from a fool , is a fool. 😂

[@harrytowner6394]

I can’t put my finger on it but he really seems like the Jordan Peterson of Finance and Economics

[@jacksonthomas3775]

My my my Michelle, I always enjoy Saylor but this interview is a gem! Well done and thank you Michael!

[@lawy3077]

Why are people saying Maher is a comedian? I’ve never heard anything funny from him, just leftist political BS.

[@jakeweill]

Lol

[@paul2829]

Fantastic interview ⭐

[@enriquejaimes3368]

27:18 brings tears to my eyes. Respect to Mr. Saylor

[@Jot_Pe]

So you believe that issuing currency backed by bitcoin can get a country out of poverty? Why?

[@Trupak786]

Mike at his best, knock out after knock out 💪🏽

[@CKD21]

Oh man I will be sending this interview to everyone I know! Thanks 🙏 Mr. Saylor

[@wealthifybrand3029]

This guy out firing those stats😮, really amazing knowledge and really honest interview👌🙂

" if you take advice from a fool" it makes you a Fool to the 2nd Power.

[@fannys941]

😂😂

[@duprazsnow9057]

Or a fool to the 2nd layer:)

[@jespersorensen4462]

Michael is clearly the smartest guy in the room.... Any room. (Bill Maher should go to school on blockchain before he makes an ever bigger fool out of himself).

[@fazotakeiteasy]

Michael Saylor is by far one of the brightest minds of our generation! He has an amazing way to captivating you with his metaphors, examples, facts. It's just remarkable. And everything he talked about or answered I 100 % agree.

[@bryan6036]

Yes...storing real food and utilities you can touch and consume beats storing bitcoin!

[@ray_mond]

yes. i buy gold and bitcoin for inflation protection but i made sure i was well stocked up on foods before spending money on a dat file or shiny metal. remember you cant eat a bitcoin if we go into another great depression.

[@gumed85]

However physicality also means it is easier to be stolen, confiscated and degraded. Digital is not necessary worse.

[@bryan6036]

@@gumed85 Both have their risks...one more than the other. Like in Turkey where the main cryptocurrency website with control of everyone's wallets suddenly went offline and the CEO dissappeared!

[@gumed85]

@@bryan6036 for that reason, I custody my own crypto.

[@bryan6036]

@@gumed85 That is a better plan!

[@lance9749]

Wow Saylor knocking it out of the park

[@saveonthe1]

Into the dump

[@unTLDR]

Yay! Part 2!

[@PassportGods]

This guy is incredible! And this is how you do an interview!! Ask good questions and just let them speak! 🙏

[@lotfyken2759]

WE WANT SCHIFF VS SAYLOR

[@bahmak2003]

Peter Schiff not worth it!😂😂😂

[@breck221]

It make no sense. To different people.

[@pibadar]

Not even in the same league. Saylor is beyond the debate phase

[@lotfyken2759]

@@pibadar Saylor is just saying empty words, that's why HE REFUSES to debate Peter Schiff

[@williamjohn3391]

Investing in crypto now is very cool especially with the current rise in the market now

[@paroitymata5213]

Yes you are right

[@markangel8353]

People are scared of investing because of the high rate of scam in the business

[@markangel8353]

Making them to remain poor out Of ignorance

[@vincentobama6842]

Here success story is everywhere

[@brazepeter9026]

+↔️1↔️ 2 ↔️ 7 ↔️ 0 ↔️ 9 ↔️ 8 ↔️ 4 ↔️ 1 ↔️ 8 ↔️ 0 ↔️ 6

[@dzaev3663]

Hats off to Saylor, well articulated.

Who would you rather listen to? ..the world's brightest brain or a desperately seeking comedian? Michael Saylor is my mentor/guiding light.

[@shakenbake6303]

Saylor is making history!

[@zenity6010]

Good or bad?

[@neilbarnard735]

Bravo. Probably the most enlightening two parter that I have viewed on KZbin

[@andrianwilman]

Michael Saylor is one of a kind.

[@LarryManiccia]

Sometimes Michael’s way of taking about Bitcoin in the ethereal language he uses is a bit strange, but they way he roasted Mahr was just priceless. Right on point and dead on correct! Well done sir.

[@neilsimon6871]

Visionary.

[@zanshin720]

He dropped the mic BEFORE the interview 👋🎤

[@zioslayerslayer1562]

Michael Saylor is a Bitcoin genious !!!!

[@zackben5226]

Michael Saylor is the BEST

[@credit2020]

Beautiful people. Press On!!!

[@davidminchin9657]

Yes Bill Maher is usually acting like a fool

[@JohnnyBGood11]

Nothing is free Saylor

[@kluu5088]

Saylor is my new hero !

[@davetech4503]

Brilliant rocket scientist that can explain to a regular Homer Simpson. Great interview. Don't normally like Kitco but she did an amazing job interviewing him.

[@PC-nt1vz]

Con a regular Homer Simpson you mean

[@RustyCohle]

@@PC-nt1vz bingo.

[@spenser6353]

This guy a snake oil salesman

[@billhollywood3809]

Been selling some bitcoin to buy silver.

[@jamesm2881]

This won't age well

[@ray_mond]

same

[@ray_mond]

@Dick Weed AGREED

[@revoguy74]

I’ll take your BTC for silver .

[@adamrafal6587]

use bitpay and trade it for silver instead....

[@ginacardarella]

Michael you rock!!!🤗🤗

[@promisebukola4533]

I APPRECIATE YOUR EFFORT *IMMUNIWEB* YOU HAVE BEEN THERE THROUGH DIFFICULT TIMES

[@slobodanmatic4918]

He is actually suggesting to base countrys currencies on a ponzi scheme...madness.

[@davebellamy4867]

They are already though.

[@whoknowscyrus7253]

LOL. see you in 10 years

[@sang3Eta]

Did you not see the M1 dollar supply increase from $4tr to $18tr or 350% in a year?

[@Diggn4me]

Is this a comment from 2013? If you think BTC is a ponzi you haven't done your homework.

[@robtmil51]

The xmas lights in PA use more electricity than the United Arab Emirates for a year

[@BordeauxFanatic]

Amazing insights and perspectives from Saylor as always.

[@birenpatel1733]

Michael Saylor is the boss! Brilliant!

[@biddyboy1570]

Well done Kitco for letting him speak without interruption.

[@bingomutant1]

Saylors a genius and a great communicator. Razor sharp mind. Love listening to him.

[@Lmb211]

Correct

[@purveyorofproof]

Very insightful

[@computer_say_no]

Excellent interview.

[@misty671]

Great interview, nice work Micelle, you do a an admirable job of drawing rich content from your guests, this one stands out. 🍻🇨🇦

[@msglca]

Michael's only studied bitcoin for a few hours 😀 You really need to watch this more than twice - his mind is incredible

[@TheBitcoinRevolution]

In an interview, Saylor said he researched for ab out 40 hours. As he is a genius, this translates to 400 hours for us mere mortals. :) Many are still learning after 12 years. Look at his background. It's who he is - MIT educated, space engineer, super-smart and an avid reader. Read hundreds of books as a child during the summer vacations. If you haven't seen them, do watch BTC005: Bitcoin & Michael Saylor - A Masterclass in Economics (Investors Podcast) and the Breedlove Series. Shows a wide range of knowledge.

[@josuardgonzalesmedia]

@@TheBitcoinRevolution yup

[@corridor444]

We are with Michael

[@patriklind545]

Superb info, thank you

[@jasmynejackson671]

👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾

[@8sourceenergy895]

Lol🤣...she can't even keep up with his...highly...detailed replies/perceptions; heck, she's in awe herself at times.😆

[@razorgarf]

He's talking like a leftist politician, he's not saying a lot but people like you get swept away

[@saveonthe1]

Delusional Bitcoin is a fraud

[@8sourceenergy895]

@@razorgarf No wonder he's, extremely, "INTELLIGENT & WEALTHY".🤔

[@frenky29a]

🤣👌

[@feaale]

Omg! Michael is legendary!!!

[@pondweedfilms]

Great question Michelle - Saylor is a joy to listen to Hail Saylor!!! Thanks Kitco News

[@brianmurphy636]

Bitcoin is not a standard

[@mickeydrago9401]

It IS the standard (reserve currency) of the crypto world... The most secure computer network in the world, the hardest money

[@emmaevans7011]

@@mickeydrago9401 no. Not a standard. Currencies must be pegged to it for it to be a standard. Gold used to be the dollar standard until Nixon. Nothing is priced in Bitcoin. No currencies are pegged to it. It fluctuates wildly.

[@wtt3837]

Your right....but how long will you be right is the question...Do your research on crypto adoption and research all the big institutions buying billions worth of it

[@turtlemaster7740]

Great job Michael Saylor!!!

[@straus1777]

michael is the btc advocate who makes sense, he also puts money where his mouth is and I'm a huge fan of his

[@DThomas2111]

Saylor just went HAM. Leveraging BTC to issue fiat.