MicroStrategy's Michael Saylor on gold, Ordinals and Bitcoin ETFs

Quick Take

  • Michael Saylor discusses Bitcoin’s strong performance compared to other assets in recent years, and shares his views on the latest Bitcoin events, such as the surge in ETF applications and the ongoing Ordinals/BRC-20 debate.

Episode 62 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and MicroStrategy Executive Chairman Michael Saylor.

Listen below, and subscribe to The Scoop on AppleSpotifyGoogle PodcastsStitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].


Michael Saylor is the Executive Chairman of MicroStrategy.

Since 2020, MicroStrategy has amassed an eye-catching bitcoin reserve, making it one of the largest corporate holders of bitcoin in the world. Critics have been vocal, but Saylor and his company have stood firm in their belief and commitment.

In this episode, Saylor explains why bitcoin's performance over the last two years relative to other asset classes is indicative of relative strength, and gives his opinion on recent bitcoin developments including the flurry of ETF applications as well as the Ordinals/BRC-20 debate. 

Outline:

1:59 - Inflation & Bitcoin

8:29 - MicroStrategy's leverage

9:12 - Bitcoin's volatility regime

13:48 - Technocrats

15:19 - Bitcoin legitimization

19:34 - Bitcoin Maximalism

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25:31 - Saylor on Ordinals

28:39 - Unregistered securities

30:20 - Crypto crackdown conspiracies

34:38 - Spot Bitcoin ETF

39:54 - Bitcoin dominance

51:50 - Work/life balance

53:30 - MicroStrategy's miscalculation

55:09 - Thermodynamically sound economic energy


This episode is brought to you by our sponsors PayPal and CleanSpark.

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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