Real Conversations: Michael Saylor On Bitcoin - The Long-Term Bull Case

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*This webcast originally aired live on Hedgeye.com on Oct. 20, 2020*
The crypto community celebrated when MicroStrategy Founder & CEO Michael Saylor recently tapped the firm’s cash to buy $425 million in Bitcoin. “This is not speculation,” Saylor says. Watch this webcast with Saylor and Hedgeye CEO Keith McCullough discussing why Saylor believes Bitcoin is “less risky than holding cash.”

[@munosibshoturonshoev2214]

Me trying to understand this conversation: Saylor : “Buy Bitcoin store it for decade 20 ,30 years. You’ll win.” Kieth: “Banana , Wine”

[@hcvberlin]

Honestly Saylor is not a really smart one! This Casino type gambler did not give me any reasonable argument about if there is any true value not talking about intrinsic at all! He is luckily riding a wave expecting more investors jumping on the band wagon!

[@JC-wj5os]

@@hcvberlin Intrinsic value is subjective. Erik Voorhees described this very well in his debate vs. Peter Schiff

[@hcvberlin]

@@JC-wj5os that is exactly casino type investment! Intrinsic value is not necessary anymore....Just growing faith in an investment but until which point?

[@atb3603]

@@hasheuredited263 Its such a shame that your offended by your viewers just stating the obvious! Did you watch this interview its incredibly telling, it reminds me of how the frantic followers of religion when they try to convince all of us that jesus is coming and we should repent! Im not sure why your so worried about Saylor agreeing with your concept! This its just simple math your can buy something that has software technology that makes currency tangible anywhere in the world in seconds.... and get this it limited circulation of coins there for guaranteeing exponential growth!

[@atb3603]

@@hcvberlin yes the true value is that its the alternative to cash! which Im sure you'll agree that cash is has no underlying asset anymore. But on the other hand bitcoins underlying asset is software technology. Why is it so hard to see the benefits of not having to go to your bank to withdraw your cash or beg your government to let you take your money out of the country! I think the over all value is that its decentralized! So don't fool yourself

[@mskmsk7174]

This is the BEST example EVER of how a billionaire thinks and how a millionaire thinks. Illuminating to say the least.

[@crsnow6158]

Totally agree

[@Luiz1179]

@@crsnow6158 hey dude, think like a billionaire, crypto users and holders should be look for the best technology: "Masternodes", "ChainLocks", "LLMQ", "DAPI"... and the best parameters: pay attention to the coin supply, e.g. 1000DASHs is very representative in the 18 million DASH max supply universe, on the other hand, 15 BTC is a whale's fart 🐳💨 on the 21million BTC max supply universe

[@Luiz1179]

@Chris Brighton Bitcoin is old tech. Bitcoin doing things a certain way doesn't mean it's the only way to do it. If you want to wait minutes or even days for a transaction, devote 100% of your economy to inefficient security and leave development holding out its hand for donations, have governance that can't make even simple decisions without taking years or resulting in forks, depend on middlemen for most of its features, have unnecessarily crippled transaction limits and have little to no resemblance to its original goals then sure, chose Bitcoin. If you want all that stuff and more done properly with an ever increasing range of industry leading innovations choose DASH.

[@Luiz1179]

@SpajN34 Nice hey dude! Never! Dash is a DAO (Decentralized Autonomous Organization). Dash is pioneer in second level miner! Dash has the best tecnology on the crypto business; Bitcoin is a old tech. 🤷‍♂️

[@Luiz1179]

@SpajN34 Nice hey dude, why are bitcoin fees so high? 🤔 Do they want you to use custodial solutions? Was the white paper bullshit? 🧐 Bitcoin fees are high but they don't need to be. You are being pushed to use custodial solutions that defeat the whole of crypto.

[@nickrugh9154]

I love how Saylor is unequivocally putting his conviction and reputation on Bitcoin.

[@roldanamoressr.8284]

we got a new bitcoin Jesus..

[@mariai9549]

he'd probably commit suicide if bitcoin failed.

[@mattb6646]

Don't forget the being correct part... 58k local high for btc so far

[@mattb6646]

@@oli-dtv5238 finally broke after 2 months lol... I expect atleast a 150k market high, but at some people we will revisit the 20 week ma.. thats going to shake alot of people out

[@capitalist4life]

He has even more confidence in Bitcoin than I do and I’m sitting on 5000X gains.

[@AnotherAnonymousFag]

Keith: "QUAD4 blah, blah, trading, wine". Michael: "Keith, just run along and get me the charts I asked for, okay?"

[@venusrise]

Lol

[@drsoper]

Lol

[@atb3603]

hahahahahahahaha

[@sabres6288]

Kieth is very short sighted and I commend Saylor for his impressive patience

[@missionpupa]

explain why you think hes short sighted

[@missionpupa]

eip3867 you seem confused, what gave you the impression that Keith doesn’t own bitcoin? Did you even watch the interview.

[@sabres6288]

@@missionpupa Because he views bitcoin as just another thing to trade. Bitcoin isn't a stock, gold, real estate or anything like we've ever seen. Its the biggest monetary revolution in the past 1000 years. Saylor is right when he says trading bitcoin is like trading Apple 30 years ago. Why risk trading something that is likely to appreciate in value 100x over the next decade?

[@missionpupa]

@@sabres6288 Thats his company lol, he would have no business if he told you to just hodl bitcoin

[@apatel5772]

@eip3867 he steals from the poor to give it to the rich

[@jtgibson21]

look at the incentives. If you just buy and hold for 30 years you don't need a subscription to hedgeye.

[@missionpupa]

He cant say you can just HODL it, because thats bad for business. no trade = no fees.

[@alphacentauri8285]

Sometimes its healthy to watch the best outcome possible in front of your eyes and see in real time that the decision you made is IQ 200. And even tho hes asking 'I would love to see' think he is refering to a public to get educated a lil bit.

[@mattb6646]

Yeah you can put the sub money towards bitcoin and make more profit than Keith could ever get you in returns

[@mdwilliams79]

I really did laugh out loud when I read your comment. Beautiful lol.

[@jasdip644]

Michael Saylor is a legend

[@Luiz1179]

hey dude! Michael Saylor is a liar!!! Platforms like PayPal are not good choices!! As example, Paypal is to prevent users in Argentina from transferring money between their own accounts. And more, the bitcoin network failed!! The Bitcoin Lightning Network is a Shame!!!!!!!! On the other hand, the DASH platform DPNS has the best tecnology on the crypto business!!!

[@jeffmorabito10]

@@Luiz1179 where do you get your info? Back it up

[@missionpupa]

@@Luiz1179 You cant choose whether bitcoin goes into paypal lol, or tell anyone how to use bitcoin, thats their prerogative. Welcome to the free world!

[@Luiz1179]

@@missionpupa the question is interesting, but Bitcoin is old tech. Bitcoin doing things a certain way doesn't mean it's the only way to do it. If you want to wait minutes or even days for a transaction, devote 100% of your economy to inefficient security and leave development holding out its hand for donations, have governance that can't make even simple decisions without taking years or resulting in forks, depend on middlemen for most of its features, have unnecessarily crippled transaction limits and have little to no resemblance to its original goals then sure, chose Bitcoin. If you want all that stuff and more done properly with an ever increasing range of industry leading innovations choose DASH.!!! 💪🤠🤳

[@ericl1421]

@@Luiz1179 You having trouble typing holding those bags?

[@charlotteernest3690]

Making money is the plan and with Bitcoin Investment your plans can be fulfilled.

[@rufai.abdulazizkatanga8586]

Good knowledge about forex trade is a key to a profitable and a successful Investments. I can unequivocally say that forex trade is one of the most profitable and lucrative business for every investors with the right expert.

[@gregorychristine3340]

Bitcoin has been the most profitable investment online. if only you could trade with professional broker that will work you through the process needed.

[@emilygeorge4043]

Investing in bitcoin would be the wisest thing to do especially with It's current price.

[@carolinamurphy6828]

I'm making a whole lot of profit off trading stock at the same time, I'd like to invest in forex and Bitcoin as I heard it's really happening now.

[@mohamedalice129]

Actually you got a good fact, but am so much in need of an expert that can help me handle my account.

[@marioderioverde4470]

Michael Saylor brain is superior.

[@TJim-vd3jn]

Saylor is autistic. You can see how he avoids eye contact in the video. I'm also autistic and all-in on Bitcoin lol

[@concomedy7787]

@@TJim-vd3jn now i have more faith than i did lmfao

[@hcvberlin]

can't listen to this bullshit any longer. They guy does not know nothing about Gold or the market's at all!

[@marioderioverde4470]

@@hcvberlin What guy?

[@hcvberlin]

@@marioderioverde4470 "Michael Saylor"

[@AnselGaddy]

Saylor is on the next level. Identifying and hitting on the big winners over a long time period over and over again? Listen up 👌

[@mariai9549]

yeah and Saylor is not saying anything groundbreaking. people have been investing like that for a century. Too, he forgot to mention the most important factor.

[@Luiz1179]

@@mariai9549 hey maria! Michael Saylor is a liar!!! Platforms like PayPal are not good choices!! As example, Paypal is to prevent users in Argentina from transferring money between their own accounts. And more, the bitcoin network failed!! The Bitcoin Lightning Network is a Shame!!!!!!!! On the other hand, the DASH platform DPNS has the best tecnology on the crypto business!!!

[@paulinthailand]

@@Luiz1179 yeah thats right dash is much better than bitcoin, il stick with bitcoin though

[@Luiz1179]

@@paulinthailand hey Paul, why are bitcoin fees so high? Do they want you to use custodial solutions? Was the white paper bullshit? 🤔 Bitcoin fees are high but they don't need to be. You are being pushed to use custodial solutions that defeat the whole of crypto. 🧐

[@paulinthailand]

@@Luiz1179 i have a trezor. simple fix

[@CoalClear]

Saylor’s points seem to be flying over this TA guys head. This isn't about quad 4, this is about paradigm shifts. That’s why Saylor is a billionaire who bought and held FAANG. He understood it then, and understands it now.

[@macambangla]

CoalClear, honestly Saylor is trying too hard to sell Bitcoin. After over 30mins, I still don't learn anything new about Bitcoin

[@CoalClear]

@@macambangla They're on different wavelengths. Saylor is talking about a paradigm shift technology (like FAANG), and the other guy is talking about technical analysis. That's like going back in 2010 and talking about selling Google when it is up 10% and then waiting for a dip. Yeah, I guess you could do that but you've missed the point. That's why this discussion is so disconnected. Listen to Saylor's other interviews - this is by far the worst I've heard. If you're talking about the technology itself, listen to Andreas Antonopoulos, or better yet buy a book on it that explains it in detail. It's fascinating.

[@orpheusepiphanes2797]

I'm not saying he doesnt know anything, but people who followed his exact methodology 1999 got curbstomped. "It's the future blah blah". I get the use case, fine. If he's right about all this utopian BS then it actually doesnt matter wether I put 20% or 100% in to the asset. If he's wrong then I'm toast.

[@CoalClear]

@@orpheusepiphanes2797 What did he say in '99? He was dead right on Apple and the rest of those guys (The Mobile Wave). You mean dystopian? It's just a superior gold, and astonishingly so. If you're wrong - look at recent volatility, Bitcoin did no worse than most of the market. You don't think having your money in tech stocks right now is risky? The risk is less than you think. Jerome Powell and CBDC's, JPMorgan flipping from "fraud" to "considerable upside", Paul Tudor Jones, Square, PayPal, wealth transfer from boomers to millenial's, Fidelity, this is all last 6 months. The writing is on the wall.

[@CoalClear]

Not to mention inflation (look up Burrito index) that's now going to double. Holding cash is highly risky.

[@lindatse5947]

If only you know what the future says, you'll know that indeed cryptocurrency is the future, investing in it now will be the wisest thing to do. Hold!!! And you" will thank yourself

[@claudeshank6202]

Exactly, at the moment bitcoin is the best and profitable coin to buy and invest in.

[@meviusstore6646]

Crypto trading is very profitable when you trade well.

[@birdlandtoronto1964]

I Just bought $10k 😊 Ethereum and $30k bitcoin with the recent dump in crypto I was told it's the right time to buy and get ready for a skyrocket.

[@genniesayee1232]

The only safe reliable,genuine and highly experienced expert I can refer you to is Mr Brian carruther.

[@reececrother6526]

@@genniesayee1232 Wow!! Impressive you trade with Mr Brian Carruther too! I thought people don't know him that well.... he's really awesome!👍

[@janprochazka4779]

I think bitcoin should be of the top coins. So far bitcoin has been doing well unlike other crypto currencies

[@wojciechgorski5563]

Some people will be kicking themselves, in few years if they miss the opportunity to invest in crypto now

[@seleznevakrylova2632]

@@wojciechgorski5563 Bitcoin trading might make you rich if you are hedge fund with deep pockets or unusually skilled currency trader ,but to the average retail trader rather than being an easy road to riches

[@toddstewart1939]

But bitcoin today

[@jennyfulton5275]

@@toddstewart1939 Exactly

[@courtneynichols9886]

@@jennyfulton5275 I’ve been involved in trading in recent times and ever since , I haven’t lacked most things

[@joaopaisana3418]

"If you'd believe it, you wouldn't sell it". Until you understand this, you don't deserve to own Bitcoin.

[@gokuafrica]

Plus dollar cost average would beat the wait for a dip mentality in the long run.

[@barrettl2473]

I literally skipped what Keith said everytime he started talking... Recommended, would do again.

[@Lerppunen]

Are you suffering from confirmation bias?

[@kansascrude5611]

Shitcoin is the biggest scam since the 1929 stock market....it will go down as a massive scam don't get sucked in

[@CeroYoutubo]

​how, why?

[@Einstein-420]

@@kansascrude5611 you're probably wrong. But I'm curious why you're here?

[@James_Sovereign]

@@kansascrude5611 spoken like someone who has missed out on life changing wealth. I've been hearing this "it's a scam" rhetoric since I first invested in 2012 at ~$13. I'm 44 and retired 8 years ago.

[@Mniccoli]

Keith, Put down your ego and listen to the man.

[@bitcoinisfreedommoney.fckt2663]

Poor Kieth - this interview aged like dogshit (for him) ...41:38 there he is saying people cant afford to buy BTC @ $19k (fuck know why he quoted that sum cos it was $12.5k when he did this interview) 4 months later its up to $56k. The cheapest time to buy it was when he was arguing with Saylor that people should wait till it gets cheaper 🤦🏼‍♂️

[@Molloy1951]

Keith might be a brilliant investor, however, here he let his ego and his professional point of views overcome his role as the interviewer.

[@keriwilliams8980]

Why would you argue with someone you ask to interview?

[@climatetech511]

Does Keith the brilliant investor have his trades/returns made public & verified by a unbiased 3rd party?

[@jayway.]

Big facts

[@Migenatube]

Love this guy. He’ll be the one to go down in history that changed the world next to the creators of bitcoin. Much much respect for Michael. What he’s done and is doing promoting bitcoin will empower people all over the world and he’ll be blessed in abundance and prosperity. Everyone needs to understand, that investing in bitcoin is prophetic at this point in time and it’s fascinating to be alive and see it.

[@jayway.]

Well said

[@andybooks1721]

Bitcoin is on Michael's mind, wine is on Keith's mind..

[@BitcoinMotorist]

Grapecoin

[@jsnow6925]

Let's see who ends up with more money

[@Luiz1179]

@bavarianstallion Bitcoin is old tech. Bitcoin doing things a certain way doesn't mean it's the only way to do it. If you want to wait minutes or even days for a transaction, devote 100% of your economy to inefficient security and leave development holding out its hand for donations, have governance that can't make even simple decisions without taking years or resulting in forks, depend on middlemen for most of its features, have unnecessarily crippled transaction limits and have little to no resemblance to its original goals then sure, chose Bitcoin. If you want all that stuff and more done properly with an ever increasing range of industry leading innovations choose DASH.

[@jasongray9032]

Mr Alexander Weber is the key to my success story today and i can say with no doubt that he is by far the best trader. His skill in Bitcoin mining, crypto trading is not to be contested and is second to none. I seriously recommend him

[@AceCmbatguy25]

@@BitcoinMotorist lmaooo

[@stevie-nabanatoken9068]

Fantastic interview.... sadly only one guy here understands investing! Thank you Michael Saylor, we now understand why you are a Billionaire whilst the other guy is just doing ok

[@locksherlo6102]

One of the best BTC marketing I’ve come across. Nice job Michael

[@Blessed.90]

Gotta let the masses know ... I mean it’s been 10 years later 😅

[@shanmank]

Keith should invest in some cheese with that wine

[@Hussain_Rezayi]

Hahahah 😂😂😂 that was a good one 👌🏼

[@bryangibson9367]

Keith got rekt 😂😂😂😭😭😭

[@crsnow6158]

Me too. Wish he would let Michael talk more. Not interested in hearing him talk.

[@reyrod9319]

The differences in Michael Saylor's thinking to Keith McCullough thinking is exactly the thinking that will make you a Billionaire!

[@fropemusic2555]

Bitcoin is up 100% since this interview. let that sink in.

[@wowliemwowneck9013]

ZIL is up 400% and ARRR is up 200% in same time frame. One offers more tx’s per second than VISA, the other offers blocks every minute and total anonymity(fungibility). There are so many better ways to make money that don’t require transparency risks and first to market risk. TiVO transformed watching tv and yet nobody uses it practically speaking. In 12 yrs bitcoin has done very little to innovate and reality is the community rested* on their laurels and are shilling a technology that isn’t best in market, and has relegated it to low utility status.

[@gnollio]

@@wowliemwowneck9013 - Bitcoin is acting like a reserve currency to the rest of the crypto industry, ZIL and ARRR do not even come close to serving such a purpose. That's enough, and we should all be grateful for it because without Bitcoin none of these other crypto projects would have anywhere close to the amount of liquidity in the market for participants to buy/sell. This idea that Bitcoin has to be the technological best isn't true. Bitcoin doesn't have to do anything more than it currently does to serve a vital important purpose. It's not a zero sum game yet, decentralized ledgers are seeping into every industry and there is plenty of room to grow.

[@wowliemwowneck9013]

Gnoll if that’s how it was being billed I’d be less concerned. But bitcoiners are selling regulated industry notion of only a non fungible asset that enables elites to leverage up to price down competitors into non existence will succeed. They are seeking regulatory entrenchment and actively bet against alts to call them shitcoins. You can see th writing on the wall, which is one where they draw in retail adoption to BTC trying to keep up, and they’ll unload their bags, BTC will be dead, and everyone will be driven back into the arms of central banks with a CBDC and no fungible money. The design alone means it becomes a centralized tool of elites. The algorithm and the pricing ensure very few get into this particular life raft. And at extremely high risk, BC retail won’t have the backing of the FED and its stooges as Black Rock does with their MSTR & SQ pawns. All that’s required for it to be legitimate is fungibility. That’s literally it, but there is a reason development isn’t going there. And almost everyone is ignoring that simple truth. It’s gone rent seek, and the intention is to pull the rug out from the industry and destroy self sovereignty that won’t have even lasted 20 yrs. Fourth turnings aren’t the space for capitulation on sound money principles.

[@High-Tech-Redneck]

BOOMSHAKALAKA

[@gnollio]

@@wowliemwowneck9013 - You may be right. Personally, I feel like Bitcoin's second-layer fungibility and store of value use case is good enough while we wait for the larger crypto ecosystem to build up. I don't think retail dumping will be so disastrous since a large portion of Bitcoin will be held by more and more organizational treasuries as a way to escape no-yielding bonds and irrationally high equities due to government money printing. Only time will tell. So far we've seen multiple boom and bust cycles in Bitcoin, incrementally increasing the ceiling/floor and that was almost entirely composed of retail unlike now. I agree that more and more elites will own and steer Bitcoin but the direction of the code is still at the mercy of public opinion and any group can segment off value from Bitcoin if the algorithm strays too far off the path. I feel like Bitcoin will eventually become sound money but it will take many trillions in market cap and gradual updates over the next decade. As we witnessed during the near flippening of ETH and BTC, when BTC is threatened they will move quickly to resolve algorithm disputes in order to maintain dominance as crypto's reserve currency. Are we at the fourth turning yet? How long does it take, and can the revolution simply be adoption of new software over a decade or two? We live in interesting times, that's for sure.

[@JESSEverything]

Take a shot every time he says "eat the world."

[@nathangilles2839]

Real good one !!!!!! I’m poor working class single father . Last year I made 28k gross income . Over the past 18 months I’ve managed to save and buy 1 btc . I enjoy learning from you all

[@lorietory296]

Financial investment mean different things to a broad spectrum of different people but not-withstanding, bitcoin has revolutionized financial but has a medium of exchange and also making a fast pace to become the altimate store of value it is pertinent to hold a good size of the asset before the year runs out and the most result I have gotten is trading using the signals provided by sherman Bragg,he’s an expert when it comes to strategizing and trading generally. Within my first few weeks, I have traded and earned over 7btc on my 3btc which I have held for over 10months,with no desirable results to show for. he can be reached on Hangout or Gmail: [e-mail] for all crypto related inquiries

[@uzah88]

Thats awesome man, I just recently got to a full bitcoin as well.

[@caleb2242]

Wow!!!! That’s impressive sir.

[@hankreuters9191]

you're not poor, you're soon to be wealthy

[@joshperry3494]

Good job Me too 1.2 BTC PLUS equal amount in ETH LINK LTC OXT long term holding And in profit already

[@adamo36532]

Amazing. Bring him back because I would have never even seen your show if you didn't have him on. He is one of the great CEO's of our time.

[@shapirate]

King Mike is so over Keith's head it's embarrassing to Keith

[@mariai9549]

I didnt notice that at all. Just that Keith should have just let Saylor talk without interjecting with his "QUADS"

[@HalfB]

That’s cause Michael is telling everyone to go all in and play the long game..... that means Kieth and others who love to proselytize the short term trading game .... will be fired like an over priced consultant. (No disrespect to traders ✊ ) I’m with Michael... buy as much as you can.... whenever you can... and sit back and make your day to day living cost and fluid cash needs some other way. ( until you can use bitcoin for ALL transactions )😘😎 Be well ✌️✊🤗

[@HalfB]

Just watched the rest of the video and around 50:25 .... my opinion deflated a bit... Michael knows Keith really still can’t see the true utilization of what is the Bitcoin NETWORK... I really hope Keith gets Michaels Bitcoin playbook that is free online on the MicroStrategy website. Those reading should check it out and take advantage of it !!! Be well✌️✊🚀😇

[@dustinlee6797]

WINE LMAO WTF

[@victoralvarez9873]

Saylor’s points seem to be flying over this TA guys head. This isn't about quad 4, this is about paradigm shifts. That’s why Saylor is a billionaire who bought and held FAANG. He understood it then, and understands it now.

[@Luiz1179]

@@victoralvarez9873 hey dude! Michael Saylor is a liar!!! Platforms like PayPal are not good choices!! As example, Paypal is to prevent users in Argentina from transferring money between their own accounts. And more, the bitcoin network failed!! The Bitcoin Lightning Network is a Shame!!!!!!!! On the other hand, the DASH platform DPNS has the best tecnology on the crypto business!!!

[@aneurysm022]

Good wine holds it's value and has extremely low volatility which makes it a great storage of wealth.

[@Luiz1179]

@@aneurysm022 Choose a good wine, and choose a good tech! 🍷💪🤠🤳 but, Bitcoin is old tech. Bitcoin doing things a certain way doesn't mean it's the only way to do it. If you want to wait minutes or even days for a transaction, devote 100% of your economy to inefficient security and leave development holding out its hand for donations, have governance that can't make even simple decisions without taking years or resulting in forks, depend on middlemen for most of its features, have unnecessarily crippled transaction limits and have little to no resemblance to its original goals then sure, chose Bitcoin. If you want all that stuff and more done properly with an ever increasing range of industry leading innovations choose DASH.!!!!

[@savvyinvestor4307]

No wonder he’s whining!!! 🍷

[@mtndgz2]

Keith doesn't seem to understand the difference between investors and traders, or whose who in this interview.

[@rupok77]

Michael Saylor is a very smart guy. Love to hear him articulating his well thought through statements. Hopefully he will never talk to Keith again. Michael If you read this comment - please consider having your own channel where you articulate your ideas without interruption- trust me you will have much bigger subscribers!!!

[@missionpupa]

SO you just want to watch interviews from him with bitcoin bulls who agree with everything he said? LOL. This was a great interview because of the clash of ideas. you dont get it.

[@matchete6651]

Takeaway: HODL

[@Richard-et8eu]

Bitcoin is up over 10% since Keith sold recently. How did that trade work out for you Keith?!

[@sointoyou8153]

Oh shit that’s so true. Keith literally said he sold all his Bitcoin then it jumped up big time lol. So much for modeling this one. Dollar cost average into bitcoin and call it a day...sleep easy. It’s a part of the portfolio with huge potential upside.

[@yousmallfish5069]

The Quad Model Merry-Go-Round made him do so.

[@DavidKirwanirl]

Ask him again in a week when its crashed. Buy gold kids!

[@Richard-et8eu]

​@@mytube99 Lol. Never bought the top. DCA is how you do it. Since BTC's birth, DCA made you money every single year. Even in 2018. Going all at certain price is for those who FOMO.

[@uzah88]

@@DavidKirwanirl imho buy both gold and bitcoin

[@mskmsk7174]

KEITH...You were destroyed in this interview. I can now understand why this guy is ahead of most others. GREAT INTERVIEW!

[@seannn90]

he had different views, expressed them, maintained an open mind.. it;s just being vulnerable. not destroyed imo.

[@kenanklovitch8117]

I have learned more from Michael Saylor about bitcoin and investing the last month than anyone by far.

[@linkamus]

This will be a fun video to watch in 2030

[@jamiebower5585]

It’s still fun in 2024!

[@pjdbruin99]

Keith is the car salesman. Michael the engineer that designed the car. Another level.

[@hasheuredited263]

THANKS FOR YOUR COMMENT❤️❤️❤️WRITE MY BROKER HARRY ON WHATSAPP TO MAKE GREAT RIO IN CRYPTO his currently handling my Crypto investments for me, making me huge profits turned my 2 btc into 3 after 14days of trade, and making me $80000 weekly by putting $30000 indeed am amazed.

[@hasheuredited263]

🌟His W.H.A.T.S.A.P.P✓✓ *+ 1 . 5 . 6 . 7 . 2 . 8 . 1 . 9 . 4 . 0 . 1*

[@plasticman2011]

This Keith guy isn't just a clown, he's the entire circus!

[@BLOCSTARRENT]

I just see him as he know his shit. He just may run u wrong but I get him 🤣

[@BLOCSTARRENT]

*rub

[@Hussain_Rezayi]

😂😂😂🧨🧨👍🏻

[@thewok7989]

I honestly don’t get why people rebel against Btc ... it’s purely here to help us through this shit show that’s been forced upon us.!

[@mariai9549]

rebel? wth are you talking about? btc has advantages but the fanatics are worse than the detractors.

[@thewok7989]

maria I 😒

[@ace1603]

governments and the elite forces hate people to be truly free which is something that BTC has the power to do.

[@James_Sovereign]

@@mariai9549 you're mad because you don't own any, right?

[@Luiz1179]

@@ace1603 hey dude! Bitcoin is old tech. Bitcoin doing things a certain way doesn't mean it's the only way to do it. If you want to wait minutes or even days for a transaction, devote 100% of your economy to inefficient security and leave development holding out its hand for donations, have governance that can't make even simple decisions without taking years or resulting in forks, depend on middlemen for most of its features, have unnecessarily crippled transaction limits and have little to no resemblance to its original goals then sure, chose Bitcoin. If you want all that stuff and more done properly with an ever increasing range of industry leading innovations choose DASH.!!!!

[@danmunch1267]

Great interview! One of my favorite of the year. Thank you Keith for having guests with a differing viewpoint from your own, and giving them the space to articulate their opinion.

[@goodreason6462]

One of the best interviews on BTC ever. Makes me want to buy more! 6:01 so simple, yet so good. 6:52 FACTS. DO NOT TIME THE MARKET, IF YOU LOOK BACK IN HISTORY IT DOESN'T MATTER IF YOU BUY AT $11, $12, $13, or $14 37:24 bigger picture, eye on the prize 42:40 I didn't buy it to make money in 7 days, I bought it for 10-30 years

[@fusion9619]

32:05 for epicness

[@TownsAtLeast]

keith is just another guy who we will enjoy watching missing out on sick gains

[@bigmotor3845]

As a complete novice on the subject. I really appreciate the straight talk on the show. Great Job!!

[@hawaiiweddings]

You know its rare to see a battle like this amongst Jedi financial knights who have worked in their financial dojo for many years , some warriors with more battle scars are fearless with their heart on fire and thats what you went up against ., I commend you Keith for taking up the challenge not many would dare to enter the ring like that especially on your own channel , to me your courage is a great metric of who you are . So far Keith your the only one who has dared fight back and this is why its one of my favorites so far , usually people are just in awe of him silent as a mouse , agreeing with big smiles as he goes on and on which he is brilliant and true but some sword play makes it even more exciting .

[@MariofromQueens]

Keith, looks like you were wrong. No drawn. It’s up 3x to $60,000 from this talk. Saylor is the Savior! Long BITCOIN.

[@seriouslyyoujest1771]

“If you believed in it, you wouldn’t sell it”

[@sparcx86channel42]

Makes sense

[@jeremygiaco]

if i had a whole btc in 2017 and sold at 20k, and rebought 3 at 6k this year, i think id be about 86k better off.

[@alphacentauri8285]

@@jeremygiaco are you doing that with tech equpit you got too? Or the car you got? Or the boyfriend/girlfriend you got?

[@jeremygiaco]

@@alphacentauri8285 yeah,actually lol. i mean, it makes sense to hodl, but i wouldn't buy it "no matter the price". If it's going to go from 20k to 8k or 3k, why not try wait for a discount to get more, then hodl?

[@alphacentauri8285]

@@jeremygiaco you are speaking about perfect timing, price, etc... For me personally thats a kind of gamble... You are right when it comes to price. But when i go to a bookstore i buy book that i want no matter the price cuz i want it. But I get your point. For my perspective there is no way that btc will drop below 15k at this moment so with $11.111 he made a really good buy.

[@davidallanmusic]

Michael Saylor for the win!

[@smitty923]

Keith- please do an updated interview with Michael. It’s time. Thanks for the excellent work.

[@GEN206]

Thanks Keith for leaving this up here. It take courage to leave this here, even though you got demolished.

[@Hussain_Rezayi]

Love the way Michael Saylor debate 🔥🔥

[@darreid]

Saylor 1 McCullough 0

[@angel_I_s]

Wow... I have more respect for Michael Saylor than Ever... and I've only just discovered the guy. What a foundational panaramic perspective. Thank you for freely sharing your opinions Mr Saylor. And thanks to Hedgeye for this (and maybe taking one on the chin in this discusion). Respect

[@hasheuredited263]

If you really need someone to tell you how to invest your coins, you can make research on your own and also try a professional at it first,if interested reach out to my administrator Harry on Wats....app.

[@hasheuredited263]

🌟His W.H.A.T.S.A.P.P✓✓ *+ 1 . 5 . 6 . 7 . 2 . 8 . 1 . 9 . 4 . 0 . 1* .

[@DeRothschild]

This interview introduced me to Hedgeye and compelled me to subscribe to their services. I respect Keith so much.

[@lindaspengler5778]

I don’t know who needs to hear this, you’ve got to stop saving money, invest some part of it, if you really want financial freedom

[@lindaspengler5778]

@Adams Hooper To live your greatest life, you must first become a leader within yourself. Take charge of your life, begin attracting and manifesting all that you desire in life. Had my first encounter with Sir Michael O'Connor in a comment section here on KZbin and since then trading has been made easier and more profitable

[@lindaspengler5778]

@Adams Hooper The world needs to know about Sir Michael O'Connor. Initially I was not a fan of Binary/Forex trade until i decided to give it a try.

[@dominiquehugo4488]

@@lindaspengler5778 How do I reach out to him?

[@pncampbell]

Traders are like accountants: they know the price of everything and the value of nothing

[@tshepopholoba9087]

ouch

[@salimamara1665]

nailed it

[@janemartin5028]

2020 online stock market is just difficult and unbelievable, I rather invest my money on crypto

[@hindatugash1918]

Bitcoin trade is great unlike the stock market and other financial market, bitcoin has no centralized location since it operates 24hrs in different parts of the world

[@frankiegus6009]

Bitcoin trading might make you rich if you're hedge found with deep pockets or an unusually skilled currency trader.

[@kritikayadav010]

Exactly

[@kritikayadav010]

you're right sir, thanks for introducing me to Mr Andrew Wilson

[@ahmedmunijr5377]

We get to see people remain poor due ignorance

[@jimmydavidson23]

Fantastic interview / conversation! Love hearing 2 perspectives on the subject matter! Thanks guys

[@jf6853]

Michael Saylor is great! Awesome dude

[@wesmcewen8481]

Half way through King Saylor Get's notably frustrated because Keith just doesn't get it. LOVE IT

[@mytube99]

What is it that Keith doesn’t get? As if Keith turns to feelings, hoping and praying. It’s called Hedgeye Risk Management, not Hedgeye buy hold and hope

[@wolf359survivor2]

@@mytube99 Agreed. Keith's ability to remove emotion is what makes him successful. That's what makes Keith one step ahead of Saylor.

[@andrejvukotic1342]

When you are invested 420mil in something that you have to pray others start believing too...Id be frustrated too. Keith doesn't have that problem lol.

[@andybooks1721]

@Chris Hayes Was thinking the same thing..

[@caleb2242]

Keith was basically saying Saylor fomo’d. But Saylor knows he went all in. He’s not that naive.

[@LeveragedAlpha]

It takes character to debate your interviewer. Tremendous respect to Keith for not blindly following dogma, and instead subscribing to data. Keith is bullish. But he's not blindly bullish. He knows the circumstances under which he can lose 80% of his bitcoin investment in a short period of time -- and use that as an entry point. Will now be subscribing to Hedgeye.

[@dronelive9364]

I've learned a lot from Michael. I bought bitcoin in 2010ish for $90 each direct from a seller.. I'm got back in after watching Michael's videos. Thank you friend.

[@dave0126]

HOW did I miss this?! Most entertaining interview I've seen in a while. 👍

[@cheechdiaz]

Interesting to see two alphas collide with different convictions. Then watching emotions surface.

[@missionpupa]

they were very close at insulting each other with personal attacks, and I think they had.

[@AS-iu3pl]

Great discussion, guys. Exciting to listen to two different points of view on this topic (and in such a civil manner). Keith, as a bitcoin holder, I respect your view. However, I disagree that you can time the market using the quads narrative. An example of that is that you sold all your position just before this recent explosive run. Come on Keith, come back to the bitcoin community; you've been missed.

[@mariai9549]

that's ONE trade how about the 20 other trades he's made?

[@AS-iu3pl]

@@mariai9549 But we are not talking about the other 20 trades, are we?

[@mariai9549]

@@AS-iu3pl I just did. So, yes, we are.

[@bizzyb7th]

I hope he never buys in again! Too arrogant.

[@jjburns1]

Excellent interview! Saylor is a Beast. His perspective and judgement is very sound. He deserves all he earns in the future as Bitcoin rockets to the moon one day, as he's put his neck and company reserves at risk. He will one day (a decade plus) walk away a Trilionaire probably due to his Bitcoin investments... and good for him going in so huge on BTC so early on.

[@magcitrate]

I sold BTC when I thought it was high enough. I was never perfect to buy back lower. At this point I have ~20% of BTC of what I started out with. Michael is correct. HODL!

[@asumamonsta]

Huge fan of michael saylor. Every talk interview he goes to just made me a bigger fan

[@loveandpeaceintheworld5436]

Btw. Why he looks so tired and nervous? I saw him for the 1st time. The original mood is like this? Does his business go well right?

[@Yaskasheperd]

Good back and forth and debate, no cheerleading. Great interview.

[@danielkeenan1984]

Great interview . I like how they challenge each other and not just be a passive like most interviews I see .

[@mrheyzooz]

This Keith guy sounds like that guy who thought nobody would ever want a desktop computer in their home.

[@hasheuredited263]

If you really need someone to tell you how to invest your coins, you can make research on your own and also try a professional at it first,if interested reach out to my administrator Harry on Wats....app.

[@hasheuredited263]

🌟His W.H.A.T.S.A.P.P✓✓ *+ 1 . 5 . 6 . 7 . 2 . 8 . 1 . 9 . 4 . 0 . 1* .

[@Daniel-qc7be]

Kieth "but quad 4" McCullough vs. Michael "well Kieth" Saylor

[@alphacentauri8285]

Nice one xD

[@christopherstrand9374]

People mistake the truth for disrespect because it disrespects their lie that they mistake the truth for 🧐

[@davidbarker1221]

Difference between Strategy and Tactics ... One Person thinks in Financial Quarters the other Person thinks in Decades - Simple, If the Hat fits.

[@Canadian_Eh_I]

OMG THANKYOU IM STEALING THIS

[@milkshakeplease4696]

kinda like atheists who think they're smart for thinking everything came from nothing

[@billkahn8355]

Reminds me of Indiana Jones (Michael Saylor) and how the martial arts guy (villain) shows all his moves and ends up being at the receiving end of a swift finish.

[@jaimejane8956]

Oh, Michael....I don't know if you're religious but you exhibit the patience of a saint with this thin-skinned guy. You make the mother in me feel proud of you :)

[@DieElect]

Keith is a soft vest wearing type of guy.

[@silverjohnson3163]

lol

[@chase4339]

lol

[@damtol1]

@@chase4339 I have never heard that saying before, please explain your humour or logic.

[@drsoper]

lol

[@loganc6235]

Lol

[@migsy2115]

Steel Sharpens Steel ! Love this interview / debate.. well done to Both guys for holding each other's Feet to the Fire! :) So Happy with this :)

[@FloridaFun10007]

I have been in crypto since 2009...2010...very pleased to hear this. I thought at one point I was off but great to have this.

[@saskchauchtv7417]

Get em Micheal, what a time we are living in. Great spokesperson for btc!

[@yeetfeature4231]

Keith is such an ego maniac lol he just can't admit defeat.

[@nycbit7386]

As are all finance bros. Theyll be eating crow with egg on their faces.

[@missionpupa]

He didnt lose and he made a solid point.

[@yeetfeature4231]

@@missionpupa lmao.. check the date of podcast and todays bitcoin price.

[@bahlsdeepe868]

Wow, what a tremendous episode!

[@philipwood123]

That was fun. Great watch and great discussion. Thanks to you both.

[@fiveDust]

Was a fan of Hedgeye before, but Keith got absorbed in his own ego here and made the value of or the joy to watch the whole discussion drown in a cringeworthy display of his arrogance. Tip for interviews in the future - if you get people 10 times your caliber on your show, you better show some humility and respect their time and voice and by god stop talking over your interviewee.

[@mutantchimp7022]

Intense. Agree with Saylor

[@cruisecontrol4922]

Saylor is the man!! An intellectual, technologist and philosopher. His vision is very long term. People who do not understand the power of disruptive technology and do not understand what BTC really is will not get the point. You can stay in your fiat world.

[@jjmooner1]

Simply put, Keith and Hedgeye are excellent disciplined systemic traders, Michael is clearly an MIT math, engineer, long term investor. Both can’t see the others argument. Keith please have Darius work with Michael using a “engineer” discipline to make these charts! I am a subscriber and I want these ideas via cooperation.

[@hoos182]

I hope M. Saylor is soon having a discussion with P. Schiff

[@resmarted]

there is no point.

[@hoos182]

@@resmarted i agree. My comment was from 3months ago. At this point i think its useless trying to convince every single grandpa on this planet

[@BlackMagic553]

This is one of my favorite epic clownings. Saylor slaps this dope upside the head and makes a fool out of him. hahaha hilarous. his quad 4 horseshit gets exposed.. so funny

[@dexearth2462]

Michael Saylor delivered one of the best bullish arguments on Bitcoin. He is one of the smartest investor I've ever known. Far better than Warren Buffet in terms of techincal intellegence about this once in a lifetime new opportunity. Saylor earned so much respect from me.

[@James_Sovereign]

Buffett passed on both Amazon and Google. He's last century. A dinosaur.

[@wolf359survivor2]

HODLer arguing with a trader. Both are right. If one doesn't know how to trade then maybe one should HODL. It's just two different ideas based on abilities.

[@mickusachus]

Yeah that's what I think. They are both right.

[@goldnutter412]

And a triangle ! humanity is the winner ! Mike is great :) the only part missing is the amazing story he told with POMP podcast ! He worked so hard and life said REKT, what now ? then he worked so hard REKT back to 0... so brave.. so worthy.

[@mariai9549]

glad you understood the gist of this interview. Problems with both philosophies that cant be overlooked. interviews arent Keith's forte. Seems he didn't guide the discussion to expound on his guests assertions. No reason to insert his trading views.

[@goldnutter412]

@@mariai9549 I think it was also great because Mike has done so many interviews hes such a role model, and you get all these different spectrums :) its great for the world that its just.. organic to everyone then, people see it sooner or later. The PayPal move is years in the making they've been spending like crazy for ages :) fintechfutures told me a lot that I would have noticed that lines up now

[@Reotha]

Agree

[@anthonygtk8125]

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

[@paroitymata5213]

Yes you are rights

[@paroitymata5213]

Thanks for introducing me to Mrs Allen's

[@markangel8353]

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

[@markangel8353]

Making them to remain poor out Of ignorance

[@enkhbatnaya6801]

There are scammers but there are real brokers waiting for investors out there

[@jorgegomez524]

“Nobody ever brought 1 billion friends into facebook”

[@TimHPop776]

Seriously amazing conversation with thought provoking back and forth points. I even enjoyed the sparing points, done in a overview manner that allows up the viewer to get a really nice 15,000 foot view. 30,000 foot view will come with the next interview!

[@nicholasscholten4838]

This is a healthy debate. Great conversation.

[@rexwashington1320]

McCullough wants to date Bitcoin. Michael thinks he should marry Bitcoin.

[@s.daniel2259]

He's already married it.

[@JC-og2rc]

CPI doesn’t include food, energy, real estate, assets. It’s a joke. The “consumer price index” doesn’t include 3/3 things they need to consume to survive

[@dankoebel7603]

Great conversation. Thank you!

[@lorietory296]

Financial investment mean different things to a broad spectrum of different people but not-withstanding, bitcoin has revolutionized financial but has a medium of exchange and also making a fast pace to become the altimate store of value it is pertinent to hold a good size of the asset before the year runs out and the most result I have gotten is trading using the signals provided by sherman Bragg,he’s an expert when it comes to strategizing and trading generally. Within my first few weeks, I have traded and earned over 7btc on my 3btc which I have held for over 10months,with no desirable results to show for. he can be reached on Hangout or Gmail: [e-mail] for all crypto related inquiries

[@sparcx86channel42]

This guy is simply marvelous this is a memorable video to keep in history and show your grandkids believe me!

[@hasheuredited263]

Bitcoin is yeilding more result with the favourable market rise to 23k trade with a professional today My administrator Harry with his strategies you will achieve alot with your investment. He traded my 2btc into 4 btc after 14 days of trade indeed am like WOW!!

[@hasheuredited263]

🌟His W.H.A.T.S.A.P.P✓✓ *+ 1 . 5 . 6 . 7 . 2 . 8 . 1 . 9 . 4 . 0 . 1*