Michael Saylor Bitcoin - I Don't Need To Convince Anyone Anymore

Michael Saylor Bitcoin - I Don't Need To Convince Anyone Anymore

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In this video, Michael Saylor downplays the pressure faced by Bitcoin from governments and regulators. He also debunks claims of Bitcoin's critics who envisage its downfall.

Here is the summary of the video:

Apple and Google will soon integrate into Bitcoin. That's humility. Focus is concentrating on your core value proposition, which is the store of value in the case of Bitcoin. Humility is accepting the fact that Amazon, Facebook, Apple, and Google might have some assets that you don't have, then accept their help. Harmony is that you shouldn't thumb your nose at the federal government or the tax authorities or the regulators.

You know taxation is not theft. But you can say inflation is theft. So, if we're going to live in harmony with the regulators and the government, then we have the chance to achieve the $250 trillion value proposition. If you're a crypto-anarchist, and you hate everything about the world, you should make Bitcoin successful till it will be worth $250 trillion. Hence, the Bitcoin that you bought for $1 will make you as rich as Jeff Bezos.

If you have massive pressure on you from all directions all the time, you would be propelled to grow. This is the nature of the animal called chambered nautilus. Its nature is to grow under pressure. It starts small and then wraps around itself. It builds a shell twice as big as geometric crates. The animal grows 10,000 feet down under pressure, underwater. This is what is happening to Bitcoin now.

Critics of Bitcoin claim that it's not good for payments, and they can't buy things with it. They also envisage that the government will soon ban it. But if they understood it well, they would realize that it's neither a currency nor a payment network. When you integrate Bitcoin into PayPal, it is PayPal that becomes a payment network and their compliance rails solve all the KYC compliance issues. So, Bitcoin is a store of value, which has appreciated by over a hundred percent since last year. Meanwhile, fiat currencies are debasing at 10% a year. Hence, appreciating every year should be the solution to the problem.

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