Source: 0xSea.eth
As we all know, Michael Saylor is a die-hard $BTC bull. MicroStrategy, led by him as a listed company, has been buying BTC like crazy in the past few years. It currently holds 226,331 bitcoins, with an average holding cost of about $36,000. Recently, Michael Saylor shared "21 Rules of Bitcoin" at a conference. The slides are translated as follows. It is worth reading and very helpful for the investment system.
Before sharing the specific 21 rules, Saylor first shared his 3 core ideas:
Bitcoin is the singularity where science and economics collide.
Bitcoin is the first perfect money.
Bitcoin is a paradigm shift.
Article 1: Understanding and Criticism
People who understand Bitcoin will buy it, and those who don't will criticize it. If you really understand Bitcoin, the paradigm shift will make you buy Bitcoin. Critics often lack understanding of Bitcoin's transformative potential and are skeptical of Bitcoin.
Article 2: Initial objection
Everyone will oppose Bitcoin before they support it. People naturally resist profound new ideas. This is normal. Opposition to Bitcoin from bankers, politicians, and the general public is expected and stems from a lack of understanding or fear of change. But as they learn more, they will discover the value and benefits of Bitcoin.
Article 3: Continuous Learning
Understanding Bitcoin is an ongoing process (it is an interdisciplinary field). Bitcoin faithful recognize that their learning never ends. Bitcoin is more than just a protocol or software, it is an economy, currency, and ideology that will continue to evolve and impact humanity in unforeseen ways.
No. 4: Chaos is opportunity
Bitcoin thrives on chaos. Unlike investing in fiat currencies, stocks, or real estate, which are susceptible to inefficiencies or failures in governments, businesses, and cultures, Bitcoin benefits from entropy. Just like the Swiss banks during World War II remained neutral and did not get involved in the chaos and war, but instead benefited from it.
Article 5: Ordinary people can win too
Bitcoin is the only game in the casino where everyone can win. Crypto is a giant casino where chaos is everywhere. Play the game of Bitcoin and you can’t lose unless you don’t play or quit too early. Over a long enough time span, Bitcoin will outperform all other investments due to its resilience to chaos.
Article 6: Safety first
Not your keys, not your coin. If you lack full control over your Bitcoin holdings, you are at a disadvantage in your investment. To truly benefit from Bitcoin, you must be fully armed with security.
Article 7: True Ownership
Bitcoin is unique in that it is the first asset in human history that can be truly owned independent of external forces. While other forms of property can be confiscated, restricted, or decay, the value of Bitcoin only grows over time, and no one can take it away.
Article 8: Price you deserve
This is Saylor’s observation and experience, everyone gets what they “deserve” to buy Bitcoin. Early adopters and those who quickly grasp the potential of Bitcoin will indeed be rewarded more, while latecomers and skeptics pay a higher price.
No. 9: Invest money you can’t afford to lose
Most people will tell you to "invest in Bitcoin with money you can afford to lose", but Saylor has a completely different view. He believes that buying Bitcoin should be a primary investment rather than a speculative/defensive investment. I think MicroStrategy's aggressive purchase of BTC over the past few years is a practice of this philosophy.
Article 10: Ticket to escape from the Matrix
Saylor describes the traditional financial system as a fragile "matrix" of synthetic and false indicators. Bitcoin provides a ticket to escape the traditional financial system, providing control over freedom and wealth outside the traditional, flawed economic model.
Article 11: Minority Insights
Not everyone understands Bitcoin because not everyone needs to understand Bitcoin. Those who are content with the status quo and vested interests in the existing system do not urgently need to understand Bitcoin. Only those who face economic uncertainty or chaos can see and understand the true value of Bitcoin.
Article 12: The existing model will be destroyed
The emergence of Bitcoin will challenge and eventually destroy traditional economic and political models. Just as ancient military strategies are outdated in the face of modern warfare technology, Bitcoin, as a new paradigm, makes many existing models meaningless.
Article 13: Orange Pill
Bitcoin is the cure for the current problematic economic system. Unlike the blue and red pills in The Matrix, Bitcoin is the new "orange pill" and a brand new force for change.
Article 14: Support Bitcoin, but not against fiat currency
Even though we know that Bitcoin is good, there is no need to fight against the current fiat currency system. Emphasize the benefits of Bitcoin instead of attacking fiat currency. We are not against fiat currency, but rather advocate the promotion of Bitcoin. Supporting Bitcoin and recognizing its superiority is more effective than simply criticizing the fiat currency system.
Article 15: Bitcoin belongs to everyone
Bitcoin's inclusive nature means that it will benefit everyone, even those who initially oppose or don't understand it. No third party can decide who can/cannot use Bitcoin.
Article 16: Bitcoin Standard
Learn to develop a Bitcoin-centric and authentic way of thinking. Evaluate opportunities from the perspective of Bitcoin’s high returns and robustness potential, rather than relying on traditional financial indicators.
Article 17: You cannot change Bitcoin
Bitcoin is a powerful, decentralized force that will change your perspective, your thinking, and your lifestyle. People should adapt to Bitcoin. Those who try to change Bitcoin are like intellectuals trying to teach an eagle how to fly, the effort is pointless. You will not change Bitcoin, you will be changed by it.
Article 18: Laser Eyes' Focus
The “laser eyes” commonly used in the Bitcoin circle represent unwavering focus on Bitcoin, which will help you stay away from scams and noise information.
Article 19: Respect Bitcoin
If you don’t respect Bitcoin, you’re a clown. Those who underestimate Bitcoin’s power and potential are often later impressed by its success and resilience.
Article 20: Never sell
Bitcoin is like life energy, and is crucial in preserving and increasing wealth. Never sell Bitcoin (unless it is an emergency), especially not to large companies or governments. Always HODL as a hedge against the fiat currency system and inflation.
Article 21: Spread the love
Use love to spread the technology, ideas and spirit of Bitcoin. If you have talked about Bitcoin with someone, it means that he is someone you care about. In the process, please maintain goodwill education and persuasion, continue to spread, and make Bitcoin more widely used.
