Michael Saylor is the CEO of MicroStrategy and a prominent holder and proponent of Bitcoin. Thank you for listening ❤ Check out our sponsors: https://lexfridman.com/sponsors/ep276-sb See below for timestamps, transcript, and to give feedback, submit questions, contact Lex, etc. *Transcript:* https://lexfridman.com/michael-saylor-transcript *CONTACT LEX:* *Feedback* - give feedback to Lex: https://lexfridman.com/survey *AMA* - submit questions, videos or call-in: https://lexfridman.com/ama *Hiring* - join our team: https://lexfridman.com/hiring *Other* - other ways to get in touch: https://lexfridman.com/contact *EPISODE LINKS:* Michael's Twitter: https://twitter.com/saylor MicroStrategy: https://microstrategy.com/ Michael's Book: https://amzn.to/37J2iA0 Book mentioned: https://amzn.to/3jwsIaP *SPONSORS:* To support this podcast, check out our sponsors & get discounts: *NetSuite:* Business management software. Go to https://lexfridman.com/s/netsuite-ep276-sb *OUTLINE:* 0:00 - Introduction 1:43 - Grading our understanding 14:01 - Inflation 33:37 - Government 54:47 - War and power 1:05:57 - Dematerializing information 1:37:18 - Digital energy and assets 1:48:56 - Oil barrel vs Bitcoin 1:58:16 - Layers of Bitcoin 2:15:27 - Bitcoin's role during wartime 2:20:11 - Jack Dorsey 2:36:31 - Bitcoin conflict of interest 2:43:13 - Satoshi Nakamoto 2:48:38 - Volatility 3:01:03 - Bitcoin price 3:13:19 - Twitter verification 3:22:16 - Second best crypto 3:27:58 - Dogecoin 3:32:31 - Elon Musk 3:38:00 - Advice for young people 3:49:27 - Mortality 3:52:32 - Meaning of life *PODCAST LINKS:* - Podcast Website: https://lexfridman.com/podcast - Apple Podcasts: https://apple.co/2lwqZIr - Spotify: https://spoti.fi/2nEwCF8 - RSS: https://lexfridman.com/feed/podcast/ - Podcast Playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 - Clips Channel: https://www.youtube.com/lexclips *SOCIAL LINKS:* - X: https://x.com/lexfridman - Instagram: https://instagram.com/lexfridman - TikTok: https://tiktok.com/@lexfridman - LinkedIn: https://linkedin.com/in/lexfridman - Facebook: https://facebook.com/lexfridman - Patreon: https://patreon.com/lexfridman - Telegram: https://t.me/lexfridman - Reddit: https://reddit.com/r/lexfridman
Michael Saylor is the CEO of MicroStrategy and a prominent holder and proponent of Bitcoin. Thank you for listening ❤ Check out our sponsors: https://lexfridman.com/sponsors/ep276-sb See below for timestamps, transcript, and to give feedback, submit questions, contact Lex, etc. *Transcript:* https://lexfridman.com/michael-saylor-transcript *CONTACT LEX:* *Feedback* - give feedback to Lex: https://lexfridman.com/survey *AMA* - submit questions, videos or call-in: https://lexfridman.com/ama *Hiring* - join our team: https://lexfridman.com/hiring *Other* - other ways to get in touch: https://lexfridman.com/contact *EPISODE LINKS:* Michael's Twitter: https://twitter.com/saylor MicroStrategy: https://microstrategy.com/ Michael's Book: https://amzn.to/37J2iA0 Book mentioned: https://amzn.to/3jwsIaP *SPONSORS:* To support this podcast, check out our sponsors & get discounts: *NetSuite:* Business management software. Go to https://lexfridman.com/s/netsuite-ep276-sb *OUTLINE:* 0:00 - Introduction 1:43 - Grading our understanding 14:01 - Inflation 33:37 - Government 54:47 - War and power 1:05:57 - Dematerializing information 1:37:18 - Digital energy and assets 1:48:56 - Oil barrel vs Bitcoin 1:58:16 - Layers of Bitcoin 2:15:27 - Bitcoin's role during wartime 2:20:11 - Jack Dorsey 2:36:31 - Bitcoin conflict of interest 2:43:13 - Satoshi Nakamoto 2:48:38 - Volatility 3:01:03 - Bitcoin price 3:13:19 - Twitter verification 3:22:16 - Second best crypto 3:27:58 - Dogecoin 3:32:31 - Elon Musk 3:38:00 - Advice for young people 3:49:27 - Mortality 3:52:32 - Meaning of life *PODCAST LINKS:* - Podcast Website: https://lexfridman.com/podcast - Apple Podcasts: https://apple.co/2lwqZIr - Spotify: https://spoti.fi/2nEwCF8 - RSS: https://lexfridman.com/feed/podcast/ - Podcast Playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 - Clips Channel: https://www.youtube.com/lexclips *SOCIAL LINKS:* - X: https://x.com/lexfridman - Instagram: https://instagram.com/lexfridman - TikTok: https://tiktok.com/@lexfridman - LinkedIn: https://linkedin.com/in/lexfridman - Facebook: https://facebook.com/lexfridman - Patreon: https://patreon.com/lexfridman - Telegram: https://t.me/lexfridman - Reddit: https://reddit.com/r/lexfridman
This discussion with Michael Saylor on his digital assets framework was organized by Network School. Apply online at https://ns.com.
Michael Saylor is the creator of the first Bitcoin treasury company, Strategy. Over the course of twenty years, he stuck with the company through an epic downturn and brought it back from $0.42 per share to $430+ per share at the time of writing. He joins Balaji to discuss his new Digital Assets Framework (michael.com/digital-assets-framework) where he unveils a plan for how the US becomes dominant in digital assets. If these ideas interest you, we're putting theory into practice at Network School. You can apply at https://ns.com. OUTLINE 00:00 - Intro to Michael Saylor and his Digital Assets Framework 02:15 - Types of Digital Assets 20:25 - Three types of actors: issuers, exchanges, owners 27:10 - The intent of regulation: prevent lying, fraud, and abuse 35:10 - First principle: innovation over bureaucracy 46:09 - Capital markets are broken, unless you have a $1B+ enterprise 59:19 - A dramatic expansion of asset classes CITATIONS (1) Saylor's Digital Asset Framework: https://www.michael.com/digital-assets-framework (2) The Point of the SEC: https://x.com/balajis/status/1666755515899351040 (3) A History of Money and Banking in the United States: https://www.amazon.com/History-Money-Banking-United-States/dp/0945466331 (4) IPO stats: https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf SOCIAL https://x.com/saylor https://ns.com