MicroStrategy's Michael Saylor on gold, Ordinals and Bitcoin ETFs

Michael Saylor is the Executive Chairman of MicroStrategy. Since 2020, MicroStrategy has amassed an eye-catching bitcoin reserve, making it one of the largest corporate holders of bitcoin in the world. Critics have been vocal, but Saylor and his company have stood firm in their belief and commitment. In this episode, Saylor explains why bitcoin's performance over the last two years relative to other asset classes is indicative of relative strength, and gives his opinion on recent bitcoin developments including the flurry of ETF applications as well as the Ordinals/BRC-20 debate.  Outline: 1:59 - Inflation & Bitcoin 8:29 - MicroStrategy's leverage 9:12 - Bitcoin's volatility regime 13:48 - Technocrats 15:19 - Bitcoin legitimization 19:34 - Bitcoin Maximalism 25:31 - Saylor on Ordinals 28:39 - Unregistered securities 30:20 - Crypto crackdown conspiracies 34:38 - Spot Bitcoin ETF 39:54 - Bitcoin dominance 51:50 - Work/life balance 53:30 - MicroStrategy's miscalculation 55:09 - Thermodynamically sound economic energy This episode is brought to you by our sponsors PayPal and CleanSpark. About PayPal Make your crypto move with PayPal. Get started today at PayPal.com/crypto About CleanSpark CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.