Michael Saylor: The man who was worth billions (in bitcoins) 💰
Despite the market downturn, MicroStrategy's boss is still raking in the bitcoins. Exclusive interview.
👉 The news.The price of bitcoin has lost more than 50% since its all-time peak at $69,000 in November 2021.
👉 The context. The boss of MicroStrategy believes that bitcoin remains the only way to fight inflation, which continues to rise.
👉 Why it matters. With $3.5 billion in bitcoins, American Michael Saylor is one of the most exposed investors on the planet.
The Big Whale: The markets have been falling steadily for months and don't seem to be at their best. How are you doing?
Michael Saylor: Everything is going very well (laughs). The price of bitcoin has fallen, but its intrinsic value is still intact. I've always said that we have a long-term vision. That bitcoin is a technological, economic and social revolution. And nothing has changed in that respect. All these debates about prices are completely pointless and make us miss the essential point.
What do you think is essential?
With bitcoin, this is the first time in history that we are able to circulate value in the digital universe. For 30 years, everything we have created in the digital space - our writings, our music, our videos, in other words absolutely everything - has been nothing but information. But information is duplicated, it doesn't retain its energy, i.e. its intrinsic value. If I create a song and put it in a digital file, I can copy it and send it to millions of people. If I send you a bitcoin, I don't have it any more, it's with you. It has moved into digital space and retained its value. And I really insist on this idea of value.