Strategy Inc

Sacks support ×2 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E218 · 2025-03-08 ▶ 1:42:33

So we have the reserve and we have the stockpile. So the reserve is just Bitcoin. The goal is long-term preservation. Think of it as like a digital Fort Knox for digital gold. We want to put the digital gold in there. We want to keep it secure. We never want to sell it.

Jason support ×2 ▼ on 📈 MicroStrategy's convert-funded Bitcoin flywheel breaks at scale E208 · 2024-12-20 ▶ 3:27

Listen, we're living in an age of meme stocks and people selling convertible notes to buy Bitcoin for their treasury.

Friedberg oppose ×2 ▼ on 📈 MicroStrategy's convert-funded Bitcoin flywheel breaks at scale E207 · 2024-12-13 ▶ 1:25:16

So if you actually were to sit down and do the Black Scholes modeling of the value of the synthetic call option that he's selling you with the convertible note, there's a reason people are paying for it. They think that there's value there. So there's certainly something to the structure that makes sense.

And I think the risks around how he's accessing this is actually very unusual and does scare me a bit

Gavin Baker support ×2 ▼ on 📈 MicroStrategy's convert-funded Bitcoin flywheel breaks at scale E206 · 2024-12-07 ▶ 42:07

it will get to a point where it is, it is too big for the size of his company. And then yeah, maybe he can over collateralize it and, you know, have $10 in Bitcoin for every dollar of debt. But then like the magic money creation machine that, you know, I see discussed on X, breaks down

Listen, I am very bullish Bitcoin. I love all the energy of our society around it

Gavin Baker support ×2 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E206 · 2024-12-07 ▶ 31:31

But I do think Bitcoin will at some point be a serious threat to the US dollar. And that just is what it is

Friedberg support ×2 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E206 · 2024-12-07 ▶ 29:40

It should be kind of store of value and alternative. It's just going to take over gold

Chamath support ×2 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E204 · 2024-11-16 ▶ 16:20

No, it's a totally correlated asset. I mean, there will be a point, and it's probably in our lifetime where it is an independent asset and a non-speculative store of value. There will be that day, but that day is not now.

Friedberg support ×1 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E201 · 2024-10-25 ▶ 21:55

it's going to be gold, it's going to be Bitcoin

Chamath support ×3 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E201 · 2024-10-25 ▶ 25:50

I said the breakout asset was going to be Bitcoin

Chamath support ×3 ▲ on 🪙 Post-halving cycle plus ETF flows reprice Bitcoin against gold E181 · 2024-05-31 ▶ 57:13

And if you look at what this price chart could indicate, is that if this thing starts to get to these levels of appreciation, it is going to completely replace gold and start to become something that has transactional utility for hard assets.

Jason support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E68 · 2022-02-19 ▶ 14:10

this will do more than McDonald's accepting Bitcoin because this is the first time like a western democratic state is seizing people's funds like in an incredibly unfair, unnecessary way, which is just going to have more people say, you know what, maybe I should keep some of my net worth out of the government's purview if they're going to seize it anyway.

Chamath support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E65 · 2022-01-29 ▶ 4:58

I've structured it so that I don't hold any Bitcoin personally myself because I don't want to have the pressure and the risk of keys and coins and wallets and this and that. But I still really believe in Bitcoin in the long term.

Jason oppose ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E62 · 2022-01-08 ▶ 43:36

So much for them being uncorrelated. ... Bitcoin is going to be uncorrelated, so the market is going to go up.

Friedberg support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E58 · 2021-12-11 ▶ 35:12

And this is where Bitcoin feels to a lot of people like a great equalizer. And yeah, I'm not a huge, I'm not a Bitcoin maximalist or anything. But I think that's where the appeal arises

Chamath support ×3 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E50 · 2021-10-09 ▶ 29:50

And it's too institutionalized now. So, you know, there's just way too many organized pools of capital that are now speculating inside of this entire ecosystem. ... So when you have people in high finance, you know, really vested in this thing and you have $3 trillion of value that will go to $6 trillion and then go to $10 trillion, this can't go away.

Sacks support ×3 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E50 · 2021-10-09 ▶ 16:38

The thesis there was just that crypto would go more institutional, and I think we're starting to see that now, where endowments and so on are realizing they need to have some portion, maybe 1% or 2% of their portfolio in crypto.

Jason support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E42 · 2021-07-30 ▶ 36:38

And it just does make the Bitcoin. In hindsight, it does look like they shut down Bitcoin a couple of months before making these actions. So your point, David, they probably anticipated that people would start shipping their money out using Bitcoin. And so they banned Bitcoin.

Sacks support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E42 · 2021-07-30 ▶ 34:02

if you were a Chinese billionaire looking at this landscape, your priority has got to be to get some wealth outside the country beyond the control of the CCP. You're gonna be buying Bitcoin, you're gonna be trying to get your money overseas.

Jason oppose ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E26 · 2021-03-20 ▶ 17:50

I think you can really judge this based upon how much it's being pumped by the people who own it. And they are absolutely dogged, religious about this. It's like talking to a person who's met Jesus, and now everybody has to be a Christian. ... And so I think it's going to be there's going to be a dogfight here where governments are not going to easily give up their control of this. And there's many ways they can make a bunch of red tape to slow this down.

Sacks support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E26 · 2021-03-20 ▶ 21:07

But the thing that jumps out at me about all the critics of Bitcoin, and I'm not like a pumper or whatever, but I do own some, is the thing that all these critics don't seem to understand is the technology. ... As long as that remains true, then Bitcoin can serve as money if everyone believes in it.

Sacks support ×2 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E23 · 2021-02-20 ▶ 1:13:00

I think the reason why we're seeing Bitcoin go to the moon right now is people are starting to speculate on the idea that this might be the future world reserve currency because it's not subject to manipulation by central banks.

Jason support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E23 · 2021-02-20 ▶ 1:09:24

Yeah, mine is clearly Bitcoin as well because I was reporting on it when it was 10 cents. ... And then my wife bought it at under 200

Chamath support ×1 ▲ on 🪙 Bitcoin bid as the escape hatch from dollar debasement E23 · 2021-02-20 ▶ 1:08:42

There is one thing that above all others, which is sadly also in my portfolio. ... that's Bitcoin. At one point, we controlled low single digits, mid single digits of the entire float. And had I held on to that, that's talking about a mid-deca billion dollar position.