Michael Saylor said people thought he was crazy for buying Bitcoin, but loook at him now.
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Turn Your Life into a Bitcoin Powerhouse 6 of 13
People thought we were Crazy... The perception of Bitcoin
If you're running a business and you're running a business on cash The cash is losing eight percent of its value a year You're basically bleeding out energy on your balance sheet right now The simple idea for max performance is turn your balance sheet into an asset Anybody could do it What happens The micro strategy story is We had a six hundred million dollar enterprise value with six hundred million of cash which was a liability What did we do We flipped it to be six hundred million of Bitcoin and a six hundred million dollar enterprise and then the Bitcoin kept growing And the Bitcoin's been going up forty percent a year Bitcoin is going I can't tell you what it will do but I can tell you it will outperform the S&P five hundred over time.
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- Full Video:
https://www.youtube.com/watch?v=cifuTy4fBfg&t=2100s
In this episode, recorded during the 2024 Abundance360 Summit, Peter and Michael discuss why Bitcoin will never fail, how to invest in Bitcoin, and the future of cryptocurrencies.