Episode
#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
1:37:31
Published: Wed Mar 17 2021
Description
Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss: 5:30 How Michael sells domain names for millions 23:19 Why Bitcoin is the solution to every company's treasury problems 37:34 How Michael forecasts the cost of capital 45:25 Why fixing MicroStrategy's balance sheet, fixed the whole business 51:28 What Michael's role at the company is today 52:40 Warren Buffett calls Bitcoin rat poison. Is he right? 1:01:30 How employees feel working at MicroStrategy 1:14:58 Shaan and Sam give their reactions to the interview --------- --------- Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. Editing thanks to Jonathan Gallegos (@jjonthan)
Chapters
The founder of MicroStrategy, nicknamed the "Gigachad", discusses the company's decision to invest over $2 billion in Bitcoin and how it is driving institutional adoption of the cryptocurrency.
00:00 - 02:46 (02:46)
Summary
The founder of MicroStrategy, nicknamed the "Gigachad", discusses the company's decision to invest over $2 billion in Bitcoin and how it is driving institutional adoption of the cryptocurrency.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The speaker tells the story of rejecting a lucrative offer for a domain name he owned, explaining that he believed it had the potential to be worth much more in the right hands.
02:46 - 13:36 (10:50)
Summary
The speaker tells the story of rejecting a lucrative offer for a domain name he owned, explaining that he believed it had the potential to be worth much more in the right hands. He uses the example of the word "voice", which he believes to be worth a billion dollars to the right buyer.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The speaker talks about the importance of having the right domain name for your brand and how it can make a huge difference in search engine visibility and customer recall.
13:36 - 22:49 (09:12)
Summary
The speaker talks about the importance of having the right domain name for your brand and how it can make a huge difference in search engine visibility and customer recall.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
By changing a corporation's treasury policy, value can be added immensely.
22:49 - 28:06 (05:16)
Summary
By changing a corporation's treasury policy, value can be added immensely. Michael Saylor, CEO of MicroStrategy discusses this while also talking about how his company invested $250 million worth of Bitcoin.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The cost of capital is a crucial factor in assessing the value of cash flows for a company.
28:06 - 35:10 (07:04)
Summary
The cost of capital is a crucial factor in assessing the value of cash flows for a company. If the growth rate is lower than the cost of capital, it becomes difficult to hold value in the long run.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
In this episode, the speaker explains how asset inflation is connected to the cost of capital and the rate of money supply expansion, and why Bitcoin may be the only exception with a positive real yield.
35:10 - 45:14 (10:03)
Summary
In this episode, the speaker explains how asset inflation is connected to the cost of capital and the rate of money supply expansion, and why Bitcoin may be the only exception with a positive real yield.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The speaker highlights the importance of having a sound money macroeconomic environment with a money supply that is expanding at a steady rate of two or three percent per year to invest in projects, create products, and generate cash while also owning assets to reach a 20 percent hurdle rate.
45:14 - 51:40 (06:26)
Summary
The speaker highlights the importance of having a sound money macroeconomic environment with a money supply that is expanding at a steady rate of two or three percent per year to invest in projects, create products, and generate cash while also owning assets to reach a 20 percent hurdle rate.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The CEO of MicroStrategy, a business intelligence software company, discusses the importance of investing income and Warren Buffett's views on Bitcoin.
51:40 - 58:54 (07:14)
Summary
The CEO of MicroStrategy, a business intelligence software company, discusses the importance of investing income and Warren Buffett's views on Bitcoin.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The speaker talks about the potential growth of Bitcoin and how the current economic crisis might impact it positively.
58:54 - 1:05:04 (06:10)
Summary
The speaker talks about the potential growth of Bitcoin and how the current economic crisis might impact it positively. He explains that while there might be bad reviews, every great company has them, and it's essential to see the bigger picture.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The fear of volatility in business is common among entrepreneurs, but there are many other things to fear as well.
1:05:04 - 1:09:55 (04:50)
Summary
The fear of volatility in business is common among entrepreneurs, but there are many other things to fear as well. The playing field is currently more favorable towards asset holders, making it difficult for operating companies to succeed without incorporating assets into their strategy.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The discussion revolves around the weakening of currency and the investment in Bitcoin which has the potential to become a 10 trillion dollar asset that rivals gold.
1:09:55 - 1:15:41 (05:46)
Summary
The discussion revolves around the weakening of currency and the investment in Bitcoin which has the potential to become a 10 trillion dollar asset that rivals gold.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
A billionaire, who built a successful company and made $3 billion in Bitcoin, was criticized for his low energy and possibly arrogant attitude towards the cryptocurrency during his appearance on a podcast.
1:15:41 - 1:18:54 (03:12)
Summary
A billionaire, who built a successful company and made $3 billion in Bitcoin, was criticized for his low energy and possibly arrogant attitude towards the cryptocurrency during his appearance on a podcast.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The speaker discusses the importance of addressing the downsides of Bitcoin investments, such as regulatory and legal issues, and the need for honesty from those promoting cryptocurrency investments.
1:18:54 - 1:23:56 (05:01)
Summary
The speaker discusses the importance of addressing the downsides of Bitcoin investments, such as regulatory and legal issues, and the need for honesty from those promoting cryptocurrency investments.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
Two individuals express their disappointment after listening to a podcast featuring renowned scientists.
1:23:56 - 1:28:06 (04:10)
Summary
Two individuals express their disappointment after listening to a podcast featuring renowned scientists. The conversation shifts towards potentially adding a new segment to the podcast.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
Michael Saylor, CEO of MicroStrategy, initially pursued a career as a fighter pilot before becoming a highly respected technologist and business leader known for his radical initiatives.
1:28:06 - 1:35:47 (07:40)
Summary
Michael Saylor, CEO of MicroStrategy, initially pursued a career as a fighter pilot before becoming a highly respected technologist and business leader known for his radical initiatives.
Episode#161 with Michael Saylor - Why Michael Saylor Believes Bitcoin is Hope
PodcastMy First Million
The speaker praises the host's storytelling abilities and expresses anticipation for listener reactions to the episode.
1:35:47 - 1:36:24 (00:37)
Summary
The speaker praises the host's storytelling abilities and expresses anticipation for listener reactions to the episode. They also mention a potential advertisement break towards the end.