“The best investment idea is something everybody needs, nobody can stop and just about everybody disagrees with you on.” - Michael Saylor
In this fireside chat at BTCPrague, Michael Saylor (Twitter, Website) discusses the paradigm shift for property rights and Bitcoin as capital.
Michael starts by explaining the concept of capital and how it is the economic energy that is stored through work. He compares different capital assets, such as sovereign debt and stocks, and highlights the limitations and risks associated with them. Saylor then introduces Bitcoin as perfect capital, a digital asset that has a hard cap of 21 million and can be stored and transferred without the need for a trusted intermediary.
He discusses the role of regulations and the potential for Bitcoin to be used as capital. Saylor also emphasizes the need for clarity and courage to embrace Bitcoin as a capital asset. He shares examples of companies, like MicroStrategy, that have adopted Bitcoin as part of their capital strategy and have seen significant benefits.
Saylor concludes by highlighting the global paradigm shift towards digital capital and the potential for reinvigorating the capital markets and capitalism as a whole.
Takeaways
Capital is the economic energy that is stored through work.
Bitcoin is perfect capital, a digital asset with a hard cap of 21 million.
Bitcoin can be stored and transferred without the need for a trusted intermediary.
Embracing Bitcoin as a capital asset requires clarity and courage.
Companies like MicroStrategy have adopted Bitcoin as part of their capital strategy and have seen significant benefits.
The global paradigm shift towards digital capital has the potential to reinvigorate the capital markets and capitalism.
Chapters
00:00 Introduction and Defining Capital
03:26 Bitcoin as Perfect Capital
06:49 Regulations and the Potential for Bitcoin as Capital
12:37 Embracing Bitcoin as a Capital Asset
33:10 The Global Paradigm Shift towards Digital Capital
Immortal Money: Michael Saylor on why Bitcoin is Perfect Capital