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MicroStrategy CEO Michael Saylor Interview: The Predator Prey Dynamics Of Bitcoin

LINGUA CONTRA IMPERIUM

The Language of Bitcoin: 6

Michael Saylor

Every firm on Earth is sitting on a steadiness sheet that is usually money and credit score. With a number of exceptions, everybody is holding some type of native fiat forex. If they need another to that, they’re holding low danger debt or sovereign debt. Cash and credit score.

Cash and credit score are crumbling. They’ve all the time been crumbling. But now they’re crumbling at a sooner fee. In good instances they’re crumbling at 7% a yr and in unhealthy instances they’re crumbling at 10 or 15 or 20% a yr. In horrific instances, in case you’re in Venezuela, Argentina, or Lebanon, they’re crumbling at 60-80% a yr. That’s hyperinflation.

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