1
00:00:00,300 --> 00:00:02,166
welcome to money is freedom

2
00:00:02,166 --> 00:00:03,100
a podcast

3
00:00:03,100 --> 00:00:06,233
exploring how finance and freedom connect in our lives

4
00:00:07,200 --> 00:00:09,066
created from thoughtful research

5
00:00:09,066 --> 00:00:11,433
and narrated by Notebook LM AI

6
00:00:11,533 --> 00:00:13,466
this series brings you clear

7
00:00:13,466 --> 00:00:16,000
meaningful insights into finance and beyond

8
00:00:16,333 --> 00:00:18,200
welcome to Episode 13

9
00:00:18,933 --> 00:00:20,833
Today we're diving into the bold

10
00:00:20,833 --> 00:00:23,033
and controversial world of Michael Sailor

11
00:00:23,033 --> 00:00:25,533
and micro strategy we'll explore

12
00:00:25,533 --> 00:00:26,866
how Sailor's unprecedented

13
00:00:26,866 --> 00:00:29,033
decision to invest heavily in Bitcoin

14
00:00:29,033 --> 00:00:32,066
has not only redefined corporate treasury strategies

15
00:00:32,066 --> 00:00:33,900
but also sparked significant debate

16
00:00:33,900 --> 00:00:35,233
in the financial world

17
00:00:35,900 --> 00:00:37,300
is this audacious bet

18
00:00:37,300 --> 00:00:40,066
a visionary move towards the future of finance

19
00:00:40,133 --> 00:00:43,166
or does it expose the company to unnecessary risks

20
00:00:43,766 --> 00:00:46,300
join us as we unpack the complexities of Bitcoin

21
00:00:46,300 --> 00:00:47,966
pricing micro strategies

22
00:00:47,966 --> 00:00:51,133
aggressive tactics and what it all means for investors

23
00:00:51,133 --> 00:00:52,866
and the broader financial system

24
00:00:52,900 --> 00:00:55,233
alright let's jump into another deep dive

25
00:00:55,233 --> 00:00:58,300
this time we're gonna be looking at Microstrategy

26
00:00:58,300 --> 00:00:58,933
oh yeah

27
00:00:58,933 --> 00:01:01,966
this company has been making waves with their uh

28
00:01:02,266 --> 00:01:06,333
pretty bold moves in the Bitcoin world for sure

29
00:01:06,333 --> 00:01:08,900
we've got a pretty interesting mix of sources for this

30
00:01:08,900 --> 00:01:10,600
one cool tweets

31
00:01:10,700 --> 00:01:13,466
financial analysis all sorts of stuff fine

32
00:01:13,633 --> 00:01:16,833
our goal is to try and figure out why

33
00:01:16,833 --> 00:01:19,800
exactly they're going all in on Bitcoin

34
00:01:20,033 --> 00:01:22,233
interesting and what it could mean for the rest of us

35
00:01:22,500 --> 00:01:23,466
yeah it's fascinating

36
00:01:23,466 --> 00:01:25,900
they're really kind of blurring the lines between like

37
00:01:25,900 --> 00:01:27,833
traditional finance right

38
00:01:27,833 --> 00:01:29,333
and the crypto world yeah

39
00:01:29,333 --> 00:01:32,733
they're holding something like 1.3% of all the bitcoin

40
00:01:32,733 --> 00:01:34,133
out there wow

41
00:01:34,166 --> 00:01:35,233
like if you think about that

42
00:01:35,233 --> 00:01:36,066
for a second yeah

43
00:01:36,066 --> 00:01:39,033
that's like a massive chunk of digital gold

44
00:01:39,033 --> 00:01:40,566
it is as their chairman

45
00:01:40,566 --> 00:01:42,233
Michael Sailor likes to call it right

46
00:01:42,233 --> 00:01:43,466
and he is a true believer

47
00:01:43,466 --> 00:01:46,533
he is and that's really driving their whole strategy

48
00:01:46,533 --> 00:01:48,966
yeah and it's not just about holding the Bitcoin

49
00:01:48,966 --> 00:01:50,900
it's about building a whole strategy around it

50
00:01:50,900 --> 00:01:53,233
okay so let's try to unpack that strategy a bit

51
00:01:53,233 --> 00:01:53,433
yeah

52
00:01:53,433 --> 00:01:55,866
they're using these things called convertible bonds

53
00:01:55,866 --> 00:01:58,433
uh huh I'll admit when I first saw that in the research

54
00:01:58,433 --> 00:01:59,233
I was like wait what

55
00:01:59,233 --> 00:01:59,966
yeah

56
00:01:59,966 --> 00:02:03,066
but it's actually a pretty clever way to kind of fuel

57
00:02:03,100 --> 00:02:05,066
their bitcoin purchases yeah

58
00:02:05,066 --> 00:02:05,866
essentially

59
00:02:05,900 --> 00:02:08,700
convertible bonds let companies borrow money

60
00:02:08,700 --> 00:02:11,033
right that can later be turned into stock

61
00:02:11,033 --> 00:02:11,833
okay

62
00:02:12,066 --> 00:02:16,033
so it's almost like giving investors a 2 for 1 deal

63
00:02:16,033 --> 00:02:20,400
right they get to earn interest on the bond okay

64
00:02:20,433 --> 00:02:22,533
but they can also potentially profit

65
00:02:22,533 --> 00:02:24,566
if the company's stock price goes up

66
00:02:24,566 --> 00:02:25,633
gotcha so

67
00:02:25,633 --> 00:02:27,733
Microstrategy is using these bonds

68
00:02:27,733 --> 00:02:29,933
to leverage their bitcoin buys

69
00:02:29,933 --> 00:02:32,366
exactly and investors seem to be loving it

70
00:02:32,366 --> 00:02:32,900
they are

71
00:02:32,900 --> 00:02:37,000
they recently issued like $2.6 billion in these bonds

72
00:02:37,133 --> 00:02:39,700
wow and that's more than they initially planned

73
00:02:39,700 --> 00:02:41,066
that's a lot it is

74
00:02:41,066 --> 00:02:42,866
one of our sources Fred Krueger

75
00:02:42,866 --> 00:02:45,133
even tweeted that Microstrategy now makes up like

76
00:02:45,133 --> 00:02:49,900
4% of the entire US convertible debt market seriously

77
00:02:49,900 --> 00:02:51,166
yeah that's huge

78
00:02:51,166 --> 00:02:52,966
it's pretty wild to think about right

79
00:02:52,966 --> 00:02:53,833
yeah but

80
00:02:53,833 --> 00:02:56,533
one source actually had this really interesting take

81
00:02:56,633 --> 00:03:00,400
they were saying Microstrategy is essentially becoming

82
00:03:00,566 --> 00:03:02,933
bitcoin's investment bank interesting

83
00:03:02,933 --> 00:03:04,833
they're raising money from investors

84
00:03:05,066 --> 00:03:06,233
buy in bitcoin

85
00:03:06,466 --> 00:03:09,866
and then their value grows alongside bitcoin's price

86
00:03:09,866 --> 00:03:10,666
I see it's like

87
00:03:10,666 --> 00:03:13,166
they're creating this whole new kind of bitcoin

88
00:03:13,166 --> 00:03:15,633
security that's attracting investors

89
00:03:15,633 --> 00:03:17,266
and that analogy really gets to like

90
00:03:17,266 --> 00:03:18,966
the core of their strategy right

91
00:03:19,033 --> 00:03:21,066
the key here is the spread okay

92
00:03:21,066 --> 00:03:22,833
that's the difference between

93
00:03:22,900 --> 00:03:25,166
the cost of borrowing money right

94
00:03:25,166 --> 00:03:27,666
and the rate at which bitcoin grows okay

95
00:03:27,666 --> 00:03:30,900
so let's say hypothetically bitcoin grows 15% annually

96
00:03:30,900 --> 00:03:35,966
uh huh and microstrateges borrowing cost is 5% okay

97
00:03:35,966 --> 00:03:37,666
that 10% difference right

98
00:03:37,666 --> 00:03:38,900
is their potential profit

99
00:03:38,900 --> 00:03:40,133
I see so in a way

100
00:03:40,133 --> 00:03:42,266
they're betting that Bitcoin will outperform

101
00:03:42,266 --> 00:03:43,900
the cost of the money they're borrowing

102
00:03:43,900 --> 00:03:46,333
exactly but that kind of brings up a question yeah

103
00:03:46,333 --> 00:03:47,766
isn't this whole strategy

104
00:03:47,766 --> 00:03:51,566
then reliant on bitcoin continuing to rise in value

105
00:03:51,566 --> 00:03:53,866
that's a great question what if the price takes a dip

106
00:03:53,866 --> 00:03:56,266
right and that gets to one of the key risks

107
00:03:56,266 --> 00:03:57,533
of this whole approach look

108
00:03:57,533 --> 00:03:59,366
the source actually breaks it down this way right

109
00:03:59,366 --> 00:04:01,466
they consider bitcoin purchases as

110
00:04:01,466 --> 00:04:04,866
like revenue for Microstrategy okay

111
00:04:04,966 --> 00:04:08,133
while interest payments on those bonds

112
00:04:08,133 --> 00:04:13,633
and dilution from Issuan more stock are the costs icy

113
00:04:13,700 --> 00:04:16,133
it's like a totally different way of looking at company

114
00:04:16,133 --> 00:04:17,100
financials

115
00:04:17,100 --> 00:04:18,900
it's like they're operating in their own little world

116
00:04:18,900 --> 00:04:20,966
where bitcoin is king it really is

117
00:04:20,966 --> 00:04:21,466
but this is

118
00:04:21,466 --> 00:04:24,233
all happening against the backdrop of a bond market

119
00:04:24,233 --> 00:04:27,433
yeah that's facing some pretty serious challenges right

120
00:04:27,433 --> 00:04:27,933
exactly

121
00:04:27,933 --> 00:04:30,166
one of our sources pointed out that there's about

122
00:04:30,366 --> 00:04:32,666
$47 trillion wow

123
00:04:32,666 --> 00:04:35,033
stuck in these Lou yielden bonds really

124
00:04:35,033 --> 00:04:37,566
yeah and investors are looking for better returns right

125
00:04:37,566 --> 00:04:38,866
but they're facing all these obstacles

126
00:04:38,866 --> 00:04:40,933
like regulations in risk aversion

127
00:04:40,933 --> 00:04:44,666
so sailor believes bitcoin could be like the solution

128
00:04:44,666 --> 00:04:47,066
you guys a way for that capital to break free

129
00:04:47,066 --> 00:04:50,500
right and find its way to like a more dynamic asset

130
00:04:50,500 --> 00:04:51,333
exactly so

131
00:04:51,333 --> 00:04:53,366
he sees bitcoin as the sort of

132
00:04:53,566 --> 00:04:55,233
escape patch for investors

133
00:04:55,233 --> 00:04:57,666
who are tired of these low returns

134
00:04:57,666 --> 00:04:59,833
but wouldn't institutions need to change

135
00:04:59,833 --> 00:05:02,566
how they view bitcoin for that to actually happen

136
00:05:02,566 --> 00:05:05,566
absolutely institutions are notoriously slow to change

137
00:05:05,566 --> 00:05:07,833
right and there's still a lot of resistance

138
00:05:07,866 --> 00:05:09,866
to fully embracing Bitcoin

139
00:05:09,966 --> 00:05:11,700
which brings us to the potential risks

140
00:05:11,700 --> 00:05:13,966
and criticisms of Microstrategy's approach

141
00:05:13,966 --> 00:05:14,933
right for sure

142
00:05:14,933 --> 00:05:17,700
I mean not everyone is convinced this is gonna work out

143
00:05:17,700 --> 00:05:18,300
of course not

144
00:05:18,300 --> 00:05:20,566
some are worried about Bitcoin's volatility

145
00:05:20,566 --> 00:05:23,366
uh huh what happens if the price crashes right

146
00:05:23,366 --> 00:05:27,133
could Microstrategy even weather that kind of storm

147
00:05:27,133 --> 00:05:27,466
right

148
00:05:27,466 --> 00:05:30,766
and there's also the whole issue of overleveraging okay

149
00:05:30,766 --> 00:05:33,833
they're using a lot of debt to buy bitcoin right

150
00:05:33,833 --> 00:05:36,500
if things go south they could be in a tough spot

151
00:05:36,500 --> 00:05:36,966
yeah

152
00:05:36,966 --> 00:05:39,033
and remember those convertible bombs we talked about

153
00:05:39,033 --> 00:05:42,300
uh huh if Microstrategy's stock price drops too low

154
00:05:42,300 --> 00:05:46,166
yeah bond holders might not convert to stock right

155
00:05:46,166 --> 00:05:48,100
forcing them to either sell bitcoin

156
00:05:48,100 --> 00:05:49,866
potentially at a loss oh wow

157
00:05:49,866 --> 00:05:51,633
or take on even more debt

158
00:05:51,633 --> 00:05:54,933
so it's like this really delicate balancing act

159
00:05:54,933 --> 00:05:57,433
it is and there definitely some loud voices out there

160
00:05:57,433 --> 00:05:59,866
yeah who think this whole thing is gonna blow up

161
00:05:59,866 --> 00:06:02,033
of course Citron Research

162
00:06:02,033 --> 00:06:04,966
for example they're betting against Microstrategy

163
00:06:04,966 --> 00:06:07,133
they all they think the company is overvalued

164
00:06:07,133 --> 00:06:08,366
and headed for a fall

165
00:06:08,966 --> 00:06:10,066
right okay

166
00:06:10,066 --> 00:06:12,833
so we've got this really fascinating

167
00:06:12,833 --> 00:06:15,966
but potentially risk strategy plan out here

168
00:06:15,966 --> 00:06:18,733
we do but what is this all mean for like

169
00:06:18,733 --> 00:06:20,566
the average person listening

170
00:06:20,933 --> 00:06:22,133
that's the question why

171
00:06:22,133 --> 00:06:25,466
should we care about Microstrategy's bitcoin adventure

172
00:06:25,466 --> 00:06:27,333
what it's a great question yeah

173
00:06:27,333 --> 00:06:29,633
and it goes beyond just this one company

174
00:06:29,633 --> 00:06:31,266
or even just bitcoin okay

175
00:06:31,266 --> 00:06:34,333
it's about a changing landscape of finance right

176
00:06:34,333 --> 00:06:35,833
and how technologies challenge

177
00:06:35,833 --> 00:06:37,300
in the way things have always been done

178
00:06:37,300 --> 00:06:38,366
hmm you know yeah

179
00:06:38,366 --> 00:06:40,033
it's a big deal it is a big deal

180
00:06:40,133 --> 00:06:43,266
so Microstrategy is like this test case then

181
00:06:43,266 --> 00:06:45,500
it is for how far this can go yeah

182
00:06:45,500 --> 00:06:47,900
if they succeed it could open the door

183
00:06:47,900 --> 00:06:50,266
for other companies to follow suit absolutely

184
00:06:50,266 --> 00:06:53,633
imagine a world where corporations just routinely hold

185
00:06:53,633 --> 00:06:55,300
bitcoin on their balance sheets right

186
00:06:55,300 --> 00:06:57,033
they could use it for loans yeah

187
00:06:57,133 --> 00:06:59,133
or other financial tools

188
00:06:59,333 --> 00:07:01,100
it could change how businesses operate

189
00:07:01,100 --> 00:07:03,366
and even how we think about money itself

190
00:07:03,366 --> 00:07:05,766
it really could be like a paradigm shift yeah

191
00:07:05,766 --> 00:07:07,033
but on the flip side

192
00:07:07,233 --> 00:07:10,266
if things go wrong for Microstrategy yeah

193
00:07:10,366 --> 00:07:12,433
it could scare off other companies right

194
00:07:12,433 --> 00:07:14,566
and investors who are kind of on the fence

195
00:07:14,566 --> 00:07:15,533
about Bitcoin

196
00:07:15,533 --> 00:07:18,233
so their successor failure could have like

197
00:07:18,233 --> 00:07:20,700
a ripple effect on the entire crypto world

198
00:07:20,700 --> 00:07:25,600
exactly their every move is being watched by investors

199
00:07:25,633 --> 00:07:26,966
regulators wow

200
00:07:26,966 --> 00:07:28,166
everyday people

201
00:07:28,166 --> 00:07:30,333
who are just trying to make sense of all of this

202
00:07:30,333 --> 00:07:31,866
it's like their walk in a tightrope

203
00:07:31,866 --> 00:07:33,566
with everyone holding their breath

204
00:07:33,566 --> 00:07:34,300
it really is

205
00:07:34,300 --> 00:07:36,500
to bring it back to that investment bank idea though

206
00:07:36,500 --> 00:07:39,766
yeah this source also talked about how Microstrategy's

207
00:07:39,766 --> 00:07:42,133
value is tied to Bitcoin's growth

208
00:07:42,133 --> 00:07:43,500
uh huh which makes sense

209
00:07:43,500 --> 00:07:45,633
but isn't that a pretty big gamble

210
00:07:45,633 --> 00:07:46,166
well I mean

211
00:07:46,166 --> 00:07:48,300
bitcoin is known for its price swings

212
00:07:48,300 --> 00:07:49,933
it definitely is a bet yeah

213
00:07:49,933 --> 00:07:51,666
and it's based on the idea that

214
00:07:51,666 --> 00:07:54,933
Bitcoin will continue to appreciate in value okay

215
00:07:54,933 --> 00:07:56,766
over the long term right there

216
00:07:56,766 --> 00:08:00,966
essentially creating this new way to invest in Bitcoin

217
00:08:01,133 --> 00:08:02,866
one that's tied to the performance of a

218
00:08:02,866 --> 00:08:04,233
publicly traded company

219
00:08:04,533 --> 00:08:06,466
so for someone who might be thinking okay

220
00:08:06,466 --> 00:08:08,533
all of this sounds pretty interesting yeah

221
00:08:08,533 --> 00:08:11,100
but what does it actually mean for me right

222
00:08:11,100 --> 00:08:11,966
how would you explain

223
00:08:11,966 --> 00:08:13,766
the significance of what's happening here

224
00:08:13,766 --> 00:08:16,233
I think it's a sign of the times really okay

225
00:08:16,233 --> 00:08:19,766
we're seeing this collision between traditional finance

226
00:08:19,766 --> 00:08:23,700
uh huh and this new world of cryptocurrency right

227
00:08:23,700 --> 00:08:26,433
microstrategy is right in the middle of it yeah

228
00:08:26,433 --> 00:08:29,733
pushing boundaries and challenging the status quo okay

229
00:08:29,733 --> 00:08:30,966
what they're doing

230
00:08:31,166 --> 00:08:33,566
could have implications for all of us yeah

231
00:08:33,566 --> 00:08:35,966
in ways we can't even fully grasp yet

232
00:08:35,966 --> 00:08:38,133
like how specifically like

233
00:08:38,133 --> 00:08:40,433
think about those trillions of dollars we mentioned

234
00:08:40,433 --> 00:08:40,900
right

235
00:08:40,900 --> 00:08:43,033
the ones that are stuck in those low yield and bonds

236
00:08:43,033 --> 00:08:46,100
yeah if even a fraction of that money

237
00:08:46,100 --> 00:08:47,500
finds its way into bitcoin

238
00:08:47,500 --> 00:08:50,866
uh huh fueled by strategies like micro strategies right

239
00:08:50,866 --> 00:08:53,033
it can have a huge impact on the crypto market

240
00:08:53,033 --> 00:08:55,466
yeah and potentially even the global economy

241
00:08:55,466 --> 00:08:56,466
it's mind boggling

242
00:08:56,466 --> 00:08:59,366
to think about the scale of that potential shift

243
00:08:59,433 --> 00:09:01,933
but like you said it's not without its risks

244
00:09:02,333 --> 00:09:03,333
absolutely

245
00:09:03,533 --> 00:09:06,300
there are valid concerns about bitcoin's volatility

246
00:09:06,300 --> 00:09:09,666
uh huh the potential for overleveraging

247
00:09:09,666 --> 00:09:11,766
regulatory uncertainty right

248
00:09:12,233 --> 00:09:12,900
and of course

249
00:09:12,900 --> 00:09:15,533
the criticisms of Microstrategy's strategy itself

250
00:09:15,533 --> 00:09:18,833
like Citron Research shorting the stock right

251
00:09:18,833 --> 00:09:19,966
and you mentioned earlier

252
00:09:19,966 --> 00:09:21,466
that their reliance on

253
00:09:21,466 --> 00:09:23,666
Bitcoin's continued growth is a gamble

254
00:09:23,666 --> 00:09:27,666
yeah so what happens if Bitcoin's price just plummets

255
00:09:27,700 --> 00:09:28,966
that's the million dollar question

256
00:09:28,966 --> 00:09:30,066
isn't it it is

257
00:09:30,066 --> 00:09:32,666
you would put their entire strategy to the test right

258
00:09:32,666 --> 00:09:36,433
remember their revenue as that source pudding

259
00:09:36,533 --> 00:09:39,733
is based on Bitcoin appreciating in value okay

260
00:09:39,733 --> 00:09:43,633
a significant drop could force them to make some really

261
00:09:43,633 --> 00:09:45,100
tough decisions yeah

262
00:09:45,100 --> 00:09:46,700
like selling Bitcoin at a loss

263
00:09:46,700 --> 00:09:49,466
right or take it on even more debt to stay afloat

264
00:09:49,466 --> 00:09:51,033
that could be a slippery slope

265
00:09:51,066 --> 00:09:52,700
it could be and it's something that

266
00:09:52,700 --> 00:09:55,133
potential investors in Microstrategy yeah

267
00:09:55,133 --> 00:09:56,833
need to consider very carefully right

268
00:09:56,833 --> 00:09:58,733
there's a lot of upside potential

269
00:09:58,733 --> 00:10:00,433
but also a lot of downside risk

270
00:10:00,433 --> 00:10:00,833
okay so

271
00:10:00,833 --> 00:10:02,433
we've covered a lot of ground here

272
00:10:02,500 --> 00:10:04,066
from the technical details

273
00:10:04,066 --> 00:10:05,133
of their strategy uh huh

274
00:10:05,133 --> 00:10:07,900
to the broader implications for the financial world

275
00:10:07,900 --> 00:10:10,133
uh huh what I'm still grappling with is

276
00:10:10,133 --> 00:10:13,166
is Microstrategy being incredibly innovative

277
00:10:13,166 --> 00:10:15,533
incredibly reckless or maybe a bit of both

278
00:10:15,533 --> 00:10:17,533
I think that's the question everyone's trying to answer

279
00:10:17,533 --> 00:10:19,533
yeah there's no doubt they're shaken things up

280
00:10:19,533 --> 00:10:22,533
yeah and forcing us to rethink how finance works

281
00:10:22,533 --> 00:10:24,300
it's like they're throwing a wrench

282
00:10:24,300 --> 00:10:27,133
into the gears of the traditional financial system

283
00:10:27,133 --> 00:10:29,300
yeah and just seeing what happens exactly

284
00:10:29,300 --> 00:10:30,700
and the outcome of this experiment

285
00:10:30,700 --> 00:10:32,633
could have significant repercussions

286
00:10:32,633 --> 00:10:33,933
for the future of Bitcoin

287
00:10:33,933 --> 00:10:36,633
you could and potentially the global economy for sure

288
00:10:36,666 --> 00:10:38,766
it's almost too big to wrap our heads around

289
00:10:38,766 --> 00:10:41,466
it is but as we're wrapping up this deep dive

290
00:10:41,466 --> 00:10:44,966
yeah is there one key thing you'd want our listeners to

291
00:10:45,033 --> 00:10:47,833
walk away understanding about microstrategy

292
00:10:48,100 --> 00:10:50,166
hmm and this whole situation

293
00:10:50,333 --> 00:10:52,766
why I think the key take away is

294
00:10:53,066 --> 00:10:56,100
Microstrategy is this fascinating case study

295
00:10:56,100 --> 00:10:59,633
yeah in how the lines between traditional finance

296
00:10:59,966 --> 00:11:01,733
and the world of cryptocurrency

297
00:11:01,733 --> 00:11:03,100
are becoming more and more blurred

298
00:11:03,100 --> 00:11:04,333
for sure you know

299
00:11:04,333 --> 00:11:05,933
they're challenging conventions

300
00:11:06,300 --> 00:11:09,033
and they're forcing everyone to pay attention to

301
00:11:09,233 --> 00:11:10,833
Bitcoin's potential right

302
00:11:10,833 --> 00:11:12,133
for better or worse it's like

303
00:11:12,133 --> 00:11:14,133
there are real world experiment plan out

304
00:11:14,133 --> 00:11:15,433
right in front of us it is

305
00:11:15,433 --> 00:11:16,766
and the results could have ripple effects

306
00:11:16,766 --> 00:11:18,033
we haven't even considered

307
00:11:18,033 --> 00:11:20,233
absolutely as we're wrapping up this deep dive

308
00:11:20,233 --> 00:11:22,366
yeah I wanna leave you with a thought okay

309
00:11:22,366 --> 00:11:27,800
imagine a world where Microstrategy's bet pays off hmm

310
00:11:27,833 --> 00:11:28,866
what would it mean

311
00:11:28,866 --> 00:11:32,800
if their vision of Bitcoin as a mainstream asset

312
00:11:33,100 --> 00:11:34,566
actually comes true

313
00:11:34,933 --> 00:11:37,333
imagine like those trillions of dollars

314
00:11:37,333 --> 00:11:39,766
yeah that are currently sitting in low yield bonds

315
00:11:39,766 --> 00:11:42,233
right flowing into the Bitcoin ecosystem

316
00:11:42,433 --> 00:11:44,100
that's a pretty powerful image

317
00:11:44,100 --> 00:11:45,966
it would be a massive power shift

318
00:11:45,966 --> 00:11:48,100
away from traditional institutions

319
00:11:48,100 --> 00:11:50,733
yeah towards a more decentralized system right

320
00:11:50,733 --> 00:11:52,566
and that raises so many questions yeah

321
00:11:52,566 --> 00:11:55,133
how would governments react to that kind of shift

322
00:11:55,133 --> 00:11:58,100
uh huh would they embrace it or try to control it

323
00:11:58,100 --> 00:12:01,333
what impact would it have on global trade

324
00:12:01,366 --> 00:12:02,766
and economic stability

325
00:12:02,766 --> 00:12:05,166
it's almost too big to wrap our heads around

326
00:12:05,233 --> 00:12:07,033
it is but one thing's for sure

327
00:12:07,033 --> 00:12:10,233
it would make for a pretty fascinating ride absolutely

328
00:12:10,233 --> 00:12:13,166
of course this is just one possible future right

329
00:12:13,166 --> 00:12:16,133
Microstrategy could face setbacks yeah

330
00:12:16,133 --> 00:12:17,833
regulations could tighten

331
00:12:17,833 --> 00:12:18,133
uh huh

332
00:12:18,133 --> 00:12:20,866
or bitcoin itself could face unexpected challenges

333
00:12:20,866 --> 00:12:23,233
exactly it's impossible to predict the future

334
00:12:23,233 --> 00:12:24,833
with any certainty right

335
00:12:24,866 --> 00:12:26,466
but regardless of what happens

336
00:12:26,633 --> 00:12:29,433
Microstrategy has already made a significant impact

337
00:12:29,433 --> 00:12:30,433
I think so too

338
00:12:30,433 --> 00:12:31,633
they've shown

339
00:12:31,633 --> 00:12:34,300
that it's possible to challenge the status quo

340
00:12:34,300 --> 00:12:36,866
yeah and that Bitcoin has the potential

341
00:12:37,133 --> 00:12:39,300
to disrupt traditional systems

342
00:12:39,300 --> 00:12:40,900
their story reminds us that

343
00:12:40,900 --> 00:12:43,666
we're living in a time of incredible change

344
00:12:43,666 --> 00:12:46,366
for sure the future of finance is still being written

345
00:12:46,566 --> 00:12:48,766
and that's what makes it so exciting right

346
00:12:48,766 --> 00:12:50,733
it's a story that's just getting started

347
00:12:50,733 --> 00:12:52,766
and one will be following closely

348
00:12:52,766 --> 00:12:54,800
so keep your eyes on Microstrategy

349
00:12:55,100 --> 00:12:57,433
because the choices they make in the coming

350
00:12:57,533 --> 00:12:58,566
months and years

351
00:12:58,566 --> 00:13:01,500
could have a huge impact on the future of Bitcoin

352
00:13:01,500 --> 00:13:04,566
and maybe even the world I completely agree

353
00:13:04,566 --> 00:13:05,733
it's a story you won't wanna miss

354
00:13:05,733 --> 00:13:06,900
that's for sure alright

355
00:13:06,900 --> 00:13:08,466
that's gonna do it for this deep dive

356
00:13:08,466 --> 00:13:09,400
thanks for joining us