$BTC Today I read a summary of key quotes from Michael Saylor, the founder of MicroStrategy, in a recent interview. It was quite brilliant, sharing it with everyone:
1. Every Bitcoin you buy today will be worth $13 million in 20 years; I understood this four years ago.
2. The way I make money in large tech companies is by finding something that has a monopoly in its field, is unstoppable, and is needed by most people.
3. Don't put all your eggs in one basket because you can't tell which basket is safe. It's like if you and your family fell into the sea, and there are 5 boats, one is good, and the other 4 are leaking. Would you let your family spread out to get on the boats? Of course not.
When you are certain and sure, it's right to put all your eggs in one basket.
4. Owning Bitcoin is equivalent to owning shares in a world-class tech company. When a trader far away in Singapore trades $5 billion worth of Bitcoin, it will push up the Bitcoin price, and you will automatically benefit.
5. When you join Bitcoin, you join a consensus; the smartest and richest people in any corner of the world are working hard to make you richer.
6. There is no best way to store Bitcoin; the best way is whatever suits you. If you are 75 years old, buying ETFs issued by large companies like BlackRock or Fidelity is fine. If it's to pass down to future generations, packaging it into a trust might be a good way. If you don't want restrictions and want absolute control over your wealth, then self-custody is the way to go. If you are a bank, then of course, self-custody is also the way.
7. MicroStrategy's stock is actually more than 3 times Bitcoin. Over the past year, Bitcoin has risen by 97%, Nvidia by 222%, and MicroStrategy by 455%.
It goes up like this, and of course, it goes down like this too.
8. Four years ago, MicroStrategy's market value was $400 million, with an enterprise value of $666 million, and the company had $500 million in cash. $500 million was dead money. We flipped the switch and raised $9.5 billion in four years, increasing public value from $666 million to $55 billion, with the stock price rising 17 times. The strategy is not to reject volatility but to embrace it, breaking free from conventional thinking. This is how we went all in on Bitcoin and achieved this, it's that simple.
