Michael Saylor Predicts $5 Million Bitcoin (One Question He WON’T Answer)

million dollar bitcoin 2025 over under you know i i think it's kind of not a good idea to make forecasts like that bit swap is the hottest new way to trade tokens probably all the top decentralized exchanges biswap gets you the very best price and value for your trades bitswap is changing the game try it now at bitswapdex.io welcome to bitboy crypto the largest crypto channel in all the interwebs my name is ben everyday on this channel i show you how to make money in cryptocurrency if you like money in crypto make sure to hit that subscribe button also guys if you want to win one full bitcoin make sure to check the video description on how to do that guys today we have part two of my interview with michael saylor in the first one he established he believes that bitcoin is the apex asset the world has ever seen in part two he's going to show you why he's thinking on a whole different level from the way most people view bitcoin and he's also not going to answer one question you've got to see to believe all right guys here we go let's let's talk about bitcoin as the apex predator here uh bitcoin as the godzilla if you will in the story uh what about other cryptocurrencies are you a bitcoin maximalist or do you think that other cryptocurrencies have a place and if so you know are there any that pique your interest you know my view on this is that that the entire crypto theory is the theory of a decentralized network where you sacrifice uh speed and you sacrifice performance and efficiency in order to achieve the characteristic of decentralization and robustness another way to say that is if i wanted to create a network that would allow for sovereign immortality i would put it on a crypto network so then the question becomes is you know is there space for more than one network offering sovereign immortality well i mean each crypto is like a religion so what is what is bitcoin bitcoin is crypto asset network optimized to provide for sovereign immortality of first layer money a bit store of value money digital gold okay are there other forms of sovereign immortality that you might wish to release into the ecosystem as its own religion to live by it's gotta you've got to be thinking i want it to last a thousand years mean that's the reason you do it if you wanted to last 10 years you just create a company if you want to you know if you wanted to do something you know that that you could do centrally but not in the u.s you just put an offshore exchange or you you know you go and you set up in malta or whatever the reason you're creating a crypto is because you want something to last for hundreds of years so i think there are other things privacy providence you know uh maybe maybe some form of license um however you know and and by the way uh i mean uh smart contracts especially d phi to the extent that you want to pursue any of these um these um functionalities or use cases with sovereign immortality in mind and to the extent that bitcoin doesn't support them right either if it doesn't support them in its base layer or through some kind of side chain then it would make sense to pursue another crypto but i would say there's a lot of people in the crypto industry that pursue um functionality on top of bitcoin via crypto network when in fact they'd be more successful if they simply create a centralized application on top of bitcoin yeah like i mean look you can you can uh provide speedy payments via square cash app yeah that's a compliant centralized layered two application on bitcoin or you can pursue it via some kind of lightning based wallet you know it's also a layer too and you could try to pursue it via a decentralized double blind you know layered solution such that it just floats in cyberspace outside of the control of any company ceo or government right and and that that has uh has a potential life but it's not going to defeat apple pay or square yeah right so you have to you have to figure out what niche or or what addressable market you're pursuing and then you got to actually do it the right way you have to do it with a truly decentralized crypto asset network it's very hard right i can i think that it's quite certain that bitcoin is a successful decentralized network for store of value i think that the entire rest of the crypto industry i would classify as venture capital they're all pretty much and if you have if you have an adventurous mindset and if you have venture capital and you wish to pursue those then it's justifiable but you need to come back to this observation which is like it's not clear to me that you need a completely decentralized network in order to enforce digital property rights like an nft right you might be able to do that on this you know a centralized network i understand why bitcoin needs to be decentralized because i get it but you know it's not clear to me that you couldn't monetize artwork you know using google or amazon as the centralized exchange so so you're going to have to come up with things that require cross-jurisdictional sovereign immortality to to convince me that the underlying crypto framework is the ideal way to do it otherwise you're really just a uh a bitcoin entrepreneur or you're or you're a crypto entrepreneur and you're working on some new thing you know with some new technology which may or may not work yeah i mean i think really you know something you said that really piqued my interest in another interview i watched that you had done was where you talked about the derivatives market and how bitcoin plays into that for me personally i think that ethereum or maybe cardano or polka dot uh probably ethereum i mean it's got the first mover advantage it seems to be a better channel through d5 to move the derivatives market so that not just the elite can trade derivatives but everybody could get access to that uh you know quadrillion dollar estimated quadrillion dollar market where do you see bitcoin versus another decentralized network in terms of bringing the you know the the derivatives market because i mean you mentioned 100 trillion dollar market cap for bitcoin uh through derivatives i believe on one video what what is your viewpoint i think that uh there's a lot of you know uncertainty if not regulatory peril of trying to get into into derivatives trading on crypto asset networks because it's a regulated area and so you can trade derivatives on the cme yeah right yeah and uh and you can trade derivatives on centralized exchanges you can try all you know all sorts of exchanges right and they're all subject to regulators so you know like uh do you need uh defy in order to trade derivatives no you don't i mean there's ways to trade derivatives right now i think that um you know bitcoin is property and it's legal to own property yeah in the us and in europe and so it's there's certain clarity to owning something like that it's been normalized as property by the irs and by the sec and by the occ i think that as you get into all these other areas stable coins defy uh privacy they're all aspirational goals they just have a lot more uncertainty with regard to technology regulation you know and how they'll be interpreted across jurisdictions and that's what creates the risk so you know you know you you pursue all those things at your own peril yeah well ethereum mostly also has been you know declared not a security by the sec i mean there's there's a little uh ambiguity there if i remember correctly where in in one case there was president and then there was another that it was a little more ambiguous but that's why i think that you know bitcoin we're going to run into a problem with the scarcity being too much i mean if you look at how much you guys are buying how much grayscale is buying how much square is buying how much other funds are buying uh there's like a billion dollar or uh i can't remember what the number is a crazy number that some you know company from abu dhabi is is going to be purchasing and so eventually we're going to run into the scarcity problem because of the stock to flow and things like that but ethereum to me seems to be like the next place where a lot of that institutional and corporate money will be flowing into i can't really see i i i can't see there is a scarcity problem i mean like i don't even know what that means right i mean there's no scarcity problem you have i mean bitcoin has enough bitcoin to support all 7.8 billion people and absorb 250 trillion dollars of monetary energy there's no lack of competition you don't think individually is going to get hard to buy because you know like if you look at the newly minted supply like right now there's 900 being made a day just between the top four companies buying bitcoin right now they're buying 2 000 per day uh ju on average it may even be more than that now so i mean they're dipping into the circulating supply we know that circulating supply gets down you know it's gonna get hard to buy it's exponentially easier to buy and the price is going up yeah like for i mean like it's for you to say there's a scarcity problem it's kind of like saying well there's a number one through 21 and i'm afraid that we'll run out of numbers and we're trying to divide the numbers one through 21 between everybody the human race and the answer is fractions right there's infinite divisibility right all you've got is mathematical integrity and so so if the if the human race decides that it's going to store its value in bitcoin then creating 37 million alt altcoins doesn't solve the problem you're just talking about counterfeiting 37 million fake currencies and and that's just inflation right so so no you don't need ethereum to store value right i mean bitcoin solves the problem of store of value yeah right it solves it permanently and and and scarcity is just a synonym for conservation of energy which is a synonym for mathematical integrity which is a synonym for arithmetic yeah right so so you know if i say that the laws of the universe you know respect the principles of mathematics as described by isaac newton and the conservation of energy and that's bitcoin that's not a problem right that's the solution to the problem at the point that there is like it's like self manifesting you know it's like through that it proves it's worth basically i guess it's a good way to look at it yeah so okay okay so it's very interesting um i i would say i understand what you're saying and i agree with you on the underlying principle but i'll also say that when you look at corporations who would be wanting to add you know cryptocurrency to their balance sheet obviously bitcoin primarily when you know the having keeps the supply getting cut and getting cut eventually it's going to be hard to buy a thousand bitcoin over the counter the numbers are just going to be so insane and i understand what you mean growing up then it is going up but why do you think companies are having they're irrelevant there's 21 million bitcoin and that's simply the conservation of energy the number could be anything the most important thing is that you have conservation of energy and when everybody on earth uses bitcoin the price of bitcoin is going to be higher there's nothing there's not a problem with it right that what what you see is that that more energy is flowing into the system if you put 10 trillion into the system you'll divide that by 21 million and the price of bitcoin will be 500 000 a coin and when you put 100 trillion in the system you'll divide that by 21 million and the price will be 5 million a bitcoin and when you put it a quadrillion into this system it'll be 50 million you know it's irrelevant it's just a number right i mean in that particular case everybody gets bitcoin at the price they deserve right you you don't like that that's a good that's a good asset network in order to store money right what you need is conservation of energy and you're right the people that come into the network first are going to benefit versus those people that bought bitcoin at a dollar doing pretty good right now instead of having to pay 50 000 but you know the price will just keep going up so that the supply is always equal to the demand and the liquidity trading in the market is just going to keep advancing and as liquidity advances it's going to attract progressively larger companies and then you know small municipalities and then states and then governments and institutions and the like and that can go on forever wow you can you can divide 21 million and you know buy a hundred million satoshi's a bitcoin it's gonna work just fine yeah you're it sounds like you're playing 21 million d chess that's what it sounds like right now you're you're on a whole another wavelength uh with where you think this is going you truly do believe bitcoin is is godzilla and that countries are going to adopt it and that's that's really refreshing to hear the number two biggest owner of bitcoin in terms of corporations ceo ben here's what i think i think it's the first trillion dollar brand in the history of the world at least the one created by man if you if you discount the us dollar some people say the dollar is the greatest brand but after the dollar bitcoin is a trillion dollar monetary network it grew from zero to a trillion dollars in 12 years that's faster than google which took 22 years to get to a trillion in market capital so it's a trillion dollar network it's a proof-of-work network if you look at other crypto asset networks that purport to be a store of value the next best one is a hundred times smaller ethereum's not even committed to being a a proof-of-work network they're converting it into proof-of-stake network so if you're looking at a proof-of-work network you've got to go all the way to like bitcoin cash and what you have is you have one network which is 100 times bigger than the next best one it's 97 dominant you know as a proof-of-work crypto asset network so that being the case it seems quite clear that it's won that battle it is the bank in cyberspace if you want to deposit your money and uh and it is the it is the overwatching brand there's no reason why we wouldn't expect it to continue to be the brand of long-term store value money or base layer money for hundreds of years i love it i mean i i think the one takeaway that everybody should have from this is uh when we colonize mars and we're trading with aliens we're going to be trading bitcoin i think hopefully the aliens take bitcoin but the last question i want to ask you michael is uh i'm going to give you a year and i want to know over under if you think bitcoin would be a million dollars by this year million dollar bitcoin 2025 over under you know i i think it's kind of not a good idea to make forecasts like that yeah okay you can't you can't say where you think it's going to okay i i i can dig it michael i tell you over the long term i expect it to flip gold and that takes it to 500 000 and i expect it to march progressively toward a hundred trillion dollar market cap which is which is the value of all of the treasury assets or at least at least a decent a decent order of magnitude of the treasury assets in the world and bitcoin is the ideal treasury asset network so it should march toward that with with you know a degree of progression pretty good ease and uh that would be five million dollar bitcoin and i think that's probably that's it's interesting you mentioned that because that's kind of the number i've looked at and said when it gets to that number it could stabilize and you know obviously the more money that flows into it the harder it's going to be to move and over time it will get a little more stability i think so but michael thank you so much for joining us today it's definitely been a really great interview i definitely want to have you on again down the road uh maybe when bitcoin starts climbing up a lot higher we can get you get your thoughts on that i certainly wish you guys at microstrategy good luck with uh trying to trying to add more bitcoin as much as you can i hope audience definitely got something out of is there anything you want to leave us with today um thanks for having me absolutely all right michael thanks for joining us everybody let us know what you think down below that's all we got be blessed good boy [Music] out [Music] you

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