MicroStrategy CEO Michael Saylor Interview: The Predator Prey Dynamics of Bitcoin
By Alex McShane
In an exclusive interview with Michael Saylor, the CEO of MicroStrategy, Alex McShane inquired about the reasons for Saylor's decision to adopt bitcoin as their company's reserve asset and to bet big on its future. Saylor discusses that the reason covers three main points:
Stage One: A defensive action Stage Two: An opportunistic action Stage Three: A strategic one. Discussing the reason for the strategic move, Saylor mentioned that once the realization came that bitcoin is a high quality property, they realized that Bitcoin is the dominate digital property network, and digital property is infinitely better than physical. It is a tool that brings economic empowerment to 8 billion people.
"First I just wanted the number not to go down. Most people don’t think their number goes down when they’re holding dollars, but once you understand the inflation rate you realize your purchasing power is going down if you’re not keeping up with the cost of capital. Your wealth is being destroyed. So first I just wanted to preserve wealth." - Michael Saylor | 