Michael Saylor, co-founder and CEO of MicroStrategy, argues that humanity is witnessing a new paradigm shift thanks to blockchain technology. He explains why we’re still early on the curve of Bitcoin’s adoption, what makes it a scientific revolution, how bitcoin is different from fiat systems, how the year 2020 changed everything, and why buying bitcoin is different than buying stocks, gold, or other traditional asset classes.
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Bitcoin Is The Start Of A New Paradigm Shift. We’re Still Early | Michael Saylor
Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services.
In August 2020, MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin. MicroStrategy later added $175 million of Bitcoin to its holdings in September 2020 and another $50 million in early December 2020. On December 11, 2020, MicroStrategy announced that it had sold $650 million in convertible senior notes, taking on debt to increase its Bitcoin holdings to over $1 billion worth. On December 21, 2020, MicroStrategy announced their total holdings include 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.
0:00 – When is the best time to invest in new technologies like Bitcoin
0:21 – How do we know this is a paradigm shift
1:28 – Why we’re still early on Bitcoin
2:36 – How bitcoin is different from fiat systems
3:44 – How the year 2020 changed everything
4:58 – Why buying bitcoin is different than buying stocks, gold, or other traditional asset classes
5:55 – How bitcoin follows scientific laws
7:04 – Why money is energy
9:10 – How to know when to buy bitcoin
#Bitcoin #BTC #MichaelSaylor
Full interview (Credits): The $425 Million Bitcoin Bet – Dan Held & Michael Saylor | Kraken Bitcoin Exchange
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