Bitcoin is Digital Energy with Michael Saylor - WBD431

Location: Miami
Date: Monday 29th November
Company: Microstrategy
Role: CEO


In August 2020, MicroStrategy commenced with the bold defensive
move to invest significant treasury assets in Bitcoin in response
to inflationary pressures. Since then, MicroStrategy has
strategically enhanced their holdings to become the largest
corporate owner of Bitcoin and just last week announced an
additional $414 million purchase. 


The strategy has been led by CEO Michael Saylor. As a developer
of enterprise software, Saylor has long espoused digital
transformation. Bitcoin is part of that process, digitising the
last major building blocks of the analogue society: property,
energy, and money.


Whilst this first wave of corporate adoption is entrepreneurial
in spirit, the advantages of corporate adoption are clear. Yet,
despite a glut of Bitcoin miners maximising their Bitcoin
hodling, MicroStrategy hasn't been followed by a wave of
institutions following suit. Such inertia is predicated on a
range of impediments that may fall away in the next few years.


In this interview, I talk to Michael Saylor, the CEO of
MicroStrategy. We discuss the evolution of their Bitcoin
strategy, technological disintermediation, and Bitcoin as a
foundational societal technology.