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

Company Intelligence • June 30, 2023, 11:00AM EDT
UPDATED: June 30, 2023, 8:53AM EDT
The Block

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 Apple, Spotify, Google Podcasts, Stitcher, 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

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.

About PayPal

Make your crypto move with PayPal. Get started today at PayPal.com/crypto

About CleanSpark

CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.


© 2024 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.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

Editor

To contact the editor of this story:
Tim Copeland at
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