Latest / Simply Bitcoin / Why MicroStrategy Is SECRETLY Building America’s Strategic Bitcoin Reserve | Simply Originals
Transcript
- 0:00There is mounting evidence that, whether intentional or not,
- 0:04Michael Saylor and MicroStrategy are quietly laying the
- 0:07foundation for America's first strategic Bitcoin reserve.
- 0:12This isn't just one man stacking sets for shareholders.
- 0:16This is starting to look like a national operation.
- 0:19Think about Eric Trump called Sailor a national treasure.
- 0:23Tom Lee recently floated that the government could just buy
- 0:26MicroStrategy outright. Trump himself promise the US
- 0:31will never sell it seized Bitcoin.
- 0:34And when you look at what's happening in DC, the government
- 0:37seizing Bitcoin, taking stakes in companies like Intel,
- 0:41nationalizing defense contractors, the writing may be
- 0:45on the wall. This isn't a conspiracy theory.
- 0:48This is policy in action. So the real question is, is
- 0:52MicroStrategy just a corporate treasury strategy or is it the
- 0:56honeypot for America's strategic Bitcoin reserve?
- 0:59Well, let's let's find out. You said Wall Street's going to
- 1:06embrace it, and that is true, but still it's limited.
- 1:10I've been talking to these Rias here.
- 1:13Many of them are very interested in Bitcoin, but a lot of them
- 1:15have questions. When I walked around and say,
- 1:17what do you want to hear from Michael Saylor, they say, well,
- 1:19we're still concerned about suitability issues.
- 1:21We still have issues about recommending them to our
- 1:23clients. This is still a real concern.
- 1:26What do you what do you say to those who are still concerned
- 1:28about suitability? The only asset endorsed by a
- 1:32president of the United States in 50 years is Bitcoin.
- 1:36I mean, go go back in the last 200 years in the history of the
- 1:40country. And I think if you go to the
- 1:42founding fathers, they wrote in the Constitution that money is
- 1:45silver and gold coin. And then at some point there was
- 1:49a chicken in every pot. And maybe, maybe with the
- 1:52founding of Fannie Mae and Freddie Mac, we endorsed
- 1:55everybody to single family home ownership.
- 1:59But in the 21st century, you have just one asset, Bitcoin.
- 2:04The president saying don't sell your Bitcoin, saying more than
- 2:08that, saying the United States won't sell his Bitcoin.
- 2:12And so everything else you put your client into, if the if the
- 2:16US government seized any other security that you sold to a
- 2:19client, if they seized any collectible, any art, any real
- 2:23estate, they would sell it. The only thing that the US
- 2:28government won't sell if they are to seize it is Bitcoin.
- 2:31They. Won't sell any Bitcoin that they
- 2:35seize. Listen closely to the clips
- 2:37today. OK, now let's get started again.
- 2:40Let's go with Giga Chad. I don't think we'll get all of
- 2:42it. I I don't think in the range of
- 2:45three to five or three to 7% is too much.
- 2:48BlackRock is. No, I I just wonder, I was
- 2:50thinking about the the mental exercise of if you could
- 2:53actually own all of it, if you would even bless you if you
- 2:56would want it. Well, you know, we started and
- 2:59we had very little and Bitcoin was 10,000 and now bitcoins more
- 3:02than 100,000 and 97% of the Bitcoin is worth 10 times as
- 3:07much and somebody else, not us has it right.
- 3:10So it's a practical matter. What we're doing is, is we're
- 3:15monetizing and powering up this. I totally get it.
- 3:19I just mean if you owned all of it, would that change the
- 3:21entire? We don't, yeah.
- 3:23We wouldn't want to own all of it.
- 3:24We want everybody else to have their peace.
- 3:27The nice thing there is there's 160 companies that are
- 3:30capitalizing on Bitcoin in the public market, up from about 60
- 3:34last year. So the Bitcoin treasury
- 3:36movement's exploding and companies like Metaplanet in
- 3:40Japan and Capital B in France and Smarter Web in the UK.
- 3:44And then there's a raft of them in the US Anthony Pompliano's
- 3:48company, you know, and 21, they're all capitalizing.
- 3:52The big idea is I take digital capital, I issue digital credit
- 3:58and a digital credit instrument can either be longer duration or
- 4:02can be higher performance. We're offering 9% dividend yield
- 4:06with stretch. The average money markets, 4.2%
- 4:09dividend yield. No one would ever want to give a
- 4:129% perpetual yield and A and a bond that's backed by real
- 4:17estate or backed by gold or backed by any conventional Fiat
- 4:20asset. But we're investing in Bitcoin.
- 4:23It's not just a flex, it's a signal.
- 4:25Sailors not talking about being a heavy bag holder, he's talking
- 4:29about a nation state level share of the Bitcoin supply.
- 4:33Backing the dollar with Bitcoin? Yeah.
- 4:35Well, you know, I think you backed the dollar by by doing
- 4:40something economically rational. So when the United States
- 4:44actually purchased Louisiana and we expanded the country and
- 4:49double the size of it, we backed the dollar.
- 4:51And when Seward bought Alaska and we found a trillion dollars
- 4:55of oil underneath it, we backed the dollar.
- 4:57And when the when we developed the port of New York, NY City,
- 5:04and we engaged in international commerce, we backed the dollar.
- 5:07So the country's got to look to the future, and the future of
- 5:12the country is in cyberspace, and Bitcoin is in essence cyber
- 5:16Manhattan. So the way you back the dollar
- 5:18is you buy Manhattan for pieces of paper and trinkets and you
- 5:24buy it before it's worth hundreds of trillions of
- 5:27dollars. Just like the Dutch bought New
- 5:29York for $50.00 worth of plastic beads.
- 5:33And so I, I, I think that it's, it's right in front of us. the
- 5:37United States owns the majority of the, of the gold in the
- 5:40world. the US federal government owns 28% of the land, you know,
- 5:45in the United States, the US government should own the
- 5:48majority of the Bitcoin in the world.
- 5:51Bitcoin is capital. Bitcoin is not currency.
- 5:54Gold has been used as capital. It's not currency anymore.
- 5:59The very simple thing that the US ought to do is they ought to
- 6:02sell the gold and buy Bitcoin with it and buy 20% of the
- 6:06Bitcoin network. It's very simple.
- 6:08Just swap the gold for Bitcoin. If anybody actually swaps out
- 6:12their treasury bills for Bitcoin, then the US is going to
- 6:16own it all. It's kind of like just getting
- 6:18Alaska or the Louisiana Purchase for free.
- 6:21They could, they could pretty much have 20% of the network for
- 6:24free overnight just with a swap. They could even print the money,
- 6:28you know. Yeah, I mean, they, they could
- 6:30buy it for next to nothing. The only alternative to the
- 6:34Treasury bill for anybody is Bitcoin, and so just buy.
- 6:40Do that and Bitcoin becomes the world reserve capital network
- 6:43and the US will own both sides of the equation along the
- 6:48currency and the capital. Altogether, that's about 106
- 6:51trillion. He's pitching five times what
- 6:53Senator Lummus's bill called for and even said there's only room
- 6:57for one Nation state to make this move in his bet the United
- 7:00States. Come for one nation state to buy
- 7:03up 20% of the network. And obviously I think it should
- 7:07be the United States. I think it will be the United
- 7:10States. It's a way for us to enrich
- 7:13ourself and emerge as a creditor nation in a matter of a decade.
- 7:17It's also a way for us to ensure that we're the economic leaders
- 7:22in cyberspace and the digital economy for the next 100 years.
- 7:26And if we do that, every one of our allies will follow us, and
- 7:31then all of our enemies will end up having to buy into the
- 7:34network once it passes 10 or 20 million a coin.
- 7:38And they will enrich, OK. Now let that sink in.
- 7:41While Jimmy Dimon and his finance nerds have been
- 7:44screaming Ponzi scheme, Michael Saylor is literally laying out
- 7:48the blueprint for America to corner the Bitcoin market.
- 7:51This isn't a corporate strategy anymore.
- 7:53This is a speculative attack on the dollar and he's aligning it
- 7:57with U.S. National interest.
- 7:59And if you think this is just Sailor being crazy Uncle
- 8:02Michael, check out what the Trump's family has been saying.
- 8:06So specifically Eric Trump and really pay attention here, you
- 8:09know, I've. Known Michael Saylor for 20
- 8:11years. I, I mean, and by the way, if
- 8:13you want to talk about a great champion for this industry, it's
- 8:15Michael Saylor. That guy deserves all the credit
- 8:17in the world. There's very few people who are
- 8:23smarter and there are very few people who are better
- 8:25cheerleaders for an industry that clearly he believes in.
- 8:27He's a he's a national treasure to the United States and and
- 8:30frankly, he's a national treasure to this world.
- 8:33And by the way, I just sidetrack.
- 8:35His patience is absolutely remarkable.
- 8:37Has anybody seen that mashup where an interviewer asked him
- 8:40the same question over and over? And he kind of looks down.
- 8:42He sighs, takes a big breath, and then he answers the question
- 8:45that he's answered 100 times. Why don't you break this down
- 8:49simply for people like me that don't fully understand it?
- 8:55OK. You were if you if you went out
- 8:59the yield curve on bonds or if you went in?
- 9:03What's happening as all of these new companies so.
- 9:06Let's just start. At the beginning, if you don't
- 9:07mind explaining, what is it? Sure.
- 9:11The guy is a remarkable guy. He's an amazing guy and he's
- 9:14truly a national treasure. But I think I even said to
- 9:16Michael Saylor in the early years, Michael, I don't get this
- 9:19stuff. I mean, I know you love Bitcoin.
- 9:21I I don't get it if I can't feel it, if I can't see it.
- 9:24National treasure? That's the same language they
- 9:26use for the Declaration of Independence.
- 9:29You don't call a software CEO a national treasure unless you're
- 9:33signaling something bigger. I don't know, I just feel like
- 9:36you don't call a software CEO a national treasure unless you're
- 9:40signaling something bigger. Now, let's try to connect the
- 9:43dots. Trump promises to never sell
- 9:46seized Bitcoin, even hints at where things are we're going,
- 9:49and we'll be getting to that later.
- 9:51The federal government has almost 210,000 Bitcoin, or 1% of
- 9:57the total supply that will ever exist.
- 9:59But for too long, our government has violated the cardinal rule
- 10:03that every bitcoiner knows by heart.
- 10:06Never sell your Bitcoin, right? That's right, isn't it?
- 10:15Huh. That's right.
- 10:18How did I figure that one? Never sell your Bitcoin.
- 10:22And so as the final part of my plan today, I am announcing that
- 10:27if I am elected, it will be the policy of my administration,
- 10:32United States of America, to keep 100% of all the Bitcoin the
- 10:37US government currently holds or acquires into the future.
- 10:41We'll keep 100%. I hope you do well, please.
- 10:46This will serve in effect as the core of the strategic national
- 10:51Bitcoin stockpile. As you know, as you know, most
- 10:58of the Bitcoin currently held by the United States government was
- 11:02obtained through law enforcement action.
- 11:04You know that they took it from you.
- 11:07Let's take that guy's life. Let's take his family, his
- 11:11house, his Bitcoin. We'll turn it into Bitcoin.
- 11:16It's been taken away from you because that's where we're going
- 11:19now. That's where this country is
- 11:20going. It's a fascist regime.
- 11:24And so as I take steps to transform that vast wealth into
- 11:28a permanent national asset to benefit all Americans today, I
- 11:31repeat my pledge to commute the sentence of Ross Albrecht to a
- 11:37sentence of time served. It's enough.
- 11:42It's enough. Trump pledges to make the US the
- 11:46Bitcoin superpower of the world, and this isn't a coincidence.
- 11:50And Sailor is right in the middle of it.
- 11:52But as well as all of the Bitcoin luminaries and legends,
- 11:56here you have a legends in this room.
- 11:59They really are. Congratulations with the
- 12:00legends. Please stand.
- 12:02Oh, everyone's standing anyway, that's nice.
- 12:05I used to say sit down, everybody sit down.
- 12:08But it's nice when they stand, including Tyler and Cameron.
- 12:11Do you know who that is? Winklevoss.
- 12:16These are great guys. They look like male models with
- 12:19a brain. You know they're male models
- 12:21with a big, beautiful brain. Michael Saylor is here.
- 12:29Right now, here is the dark side of the story, civil asset
- 12:34forfeiture. It doesn't require a new law.
- 12:37It doesn't need a vote. It's the same playbook they used
- 12:40for Ross Albright's Bitcoin finances, $4.3 billion
- 12:44settlement and not, you know, Tornado Cash and their
- 12:47developers. If the government wants your
- 12:49Bitcoin and you're centralized, they don't buy it, they take it.
- 12:54If there is more Bitcoin bitcoins held with these third
- 12:59party custodians, what risk does that pose?
- 13:02Having greater supply held by fewer large institutions, does
- 13:10that increase the risk of seizure and confiscation like
- 13:13we've seen with gold? And is that not exactly what
- 13:16Bitcoiners don't want to happen? No, I think it's the opposite.
- 13:19I think that when the Bitcoin is held by a bunch of crypto
- 13:24anarchists who aren't regulated entities, who don't acknowledge
- 13:30government or don't acknowledge taxes or don't acknowledge
- 13:34reporting requirements, that increases the risk of seizure.
- 13:38If you know, if a a country in desperation, if China knew that
- 13:44there were underground crypto traders with billions of dollars
- 13:47of of Bitcoin in their midst that didn't pay taxes, the
- 13:52Chinese would probably try to shut that down.
- 13:54And that's what they do. So.
- 13:56So normally the risk is greater when they're unregulated private
- 14:02entities that are perceived to be holding the asset.
- 14:07When you have regulated public entities like Black Rock and
- 14:11Fidelity and JP Morgan and State Street Bank holding the asset,
- 14:16well, all the lawmakers and all the law enforcement arms,
- 14:20they're invested in those entities, right?
- 14:23So there's no way that all the senators and all the congressmen
- 14:27are going to seize the assets from Fidelity and Black Rock or
- 14:32Vanguard because that's where all their retirement money is
- 14:35invested. So, so the, the asset moving
- 14:40from private to public hands and moving into regulated entities,
- 14:45it does a bunch of things. It, it decreases the volatility,
- 14:49it decreases the risk of loss, it decreases the like who do you
- 14:53trust more as a custodian? FTX or Fidelity, right?
- 14:59Or Vanguard or State Street, right?
- 15:02And if you walk down the street and you said, you know, would
- 15:04you put all your family's money in an offshore entity without a
- 15:09headquarters run by 5 dudes, without an auditor?
- 15:13Or would you put it with a bank that's too big to fail in the
- 15:16US, right? Like at the end of the day, you,
- 15:19you have an OG crypto community is very hardcore about it.
- 15:22But if you look at where all the money is, 99.9% of the money is
- 15:28actually in the traditional economy and in the war for the
- 15:32future of money. The war is going to be won with
- 15:36money, right? I mean, right, at the end of the
- 15:39day, Bitcoin is capital. Who's going to actually decide
- 15:43who's the winner or the loser? The people with the capital.
- 15:46And so where's the capital? It's a Vanguard, Fidelity, State
- 15:49Street, JP Morgan, Morgan Stanley, they're all regulated
- 15:53entities of sorts. So when Bitcoin is held by those
- 15:58entities, it becomes regular and normal.
- 16:02And you know, people would no more think about seizing that
- 16:05and they think about seizing a building in the middle of
- 16:08Manhattan or seizing, you know, the S, you know, the S&P Spyder
- 16:13assets is why, why would you do that?
- 16:15That's just the capital that you built the country on, so.
- 16:18Let's be honest, MicroStrategy is too big to ignore, too
- 16:22centralized to resist. If Washington wants to flip
- 16:26micro strategy from corporate treasury to national reserve, it
- 16:30can almost happen overnight. And that's why self custody is
- 16:34National Defense. Don't let your conviction become
- 16:37their custody. Still think it sounds far
- 16:39fetched? Well, let's talk precedent.
- 16:41Or precedent, whatever you prefer.
- 16:44But the US government just took a 10% stake in Intel.
- 16:48That's pretty stupid if you ask me.
- 16:50And our Commerce Secretary admitted that the Pentagon is
- 16:53thinking about seizing stakes in defense contract.
- 16:56Howard Lutnick said the government will claim university
- 17:00patents funded by taxpayer dollars.
- 17:02And Trump, he's basically nationalizing as many private
- 17:05companies as it takes to defeat socialism.
- 17:08This is not socialism. This is just the state deciding
- 17:13what's strategic and pulling it into their orbit.
- 17:17I mean, it's socialism, but it's also, damn it, What's that thing
- 17:21called again? Holy crap.
- 17:23Oh, yeah, that's the one. So when, Tom.
- 17:27I think I heard you on a show being asked about how the United
- 17:31States might acquire Bitcoin and going out into the market, I
- 17:34mean, that would definitely move the price.
- 17:36So didn't you say something about the possibility that the
- 17:38government would actually instead try to, let's say, buy a
- 17:42company that has a lot of Bitcoin?
- 17:44Yeah. I mean, I, I'd say that makes a
- 17:46lot of sense. I think the day the US says they
- 17:49want to acquire a million Bitcoin, I think Bitcoin's price
- 17:55is going to go up parabolically because how is the US going to
- 18:00buy it? I mean, they can't, you know, if
- 18:03you know their wallet, you're going to see every buy, you
- 18:05know, and it's going to become a national pastime for everybody
- 18:10because they're a long buyer. I think it's going to be easier
- 18:14for them to buy large holders of Bitcoin, maybe even give tax
- 18:19amnesty. Right You.
- 18:21That's why they're saying it's tax free.
- 18:24We won't tax capital gains. They'll do everything they can
- 18:27to try to acquire Bitcoin. Maybe, but MicroStrategy has a
- 18:31sovereign put. They have 600,000 Bitcoin.
- 18:33That's the easiest way to get to 1,000,000 Bitcoin.
- 18:38Well, so how would that work though?
- 18:39I mean, for people watching that think like property rights,
- 18:44hello. I mean, those are enshrined in
- 18:45our Constitution. Would, would a company have to
- 18:48sell to the government as long as they're willing to pay fair
- 18:51market? I mean, like, could they
- 18:53essentially nationalize a company?
- 18:55That how does it. Work logistically.
- 18:57Well, the US has a history of acquiring and paying for
- 19:01strategically important things. They just did so with the rare
- 19:04earths. I mean the Pentagon deal with
- 19:06MPI. Feel like it's not nationalizing
- 19:09it, but it's a strategic move. Yeah, I, I think the, the US
- 19:14government takes a private sector approach to that.
- 19:16So if Microstrategy's at 400 and the clearing price to do that
- 19:22deal is 3000 or something, it's probably cheaper to do that than
- 19:27to try to buy a million Bitcoin. What do you think Michael
- 19:30Saylor's reaction to that would be?
- 19:31That really doesn't sound insane anymore.
- 19:35That sounds like the logical playbook.
- 19:38All right, quick break, because all this ties into what we've
- 19:41been talking about. If you're watching this and
- 19:43still leaving your Bitcoin on an exchange, stop.
- 19:47You're playing right into the honeypot trap, and that's why we
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- 19:55No tech skills required. They help sovereign individuals
- 19:58just like you pull coins off clown world platforms and into
- 20:02self custody for the government or Wall Street decides your
- 20:05Bitcoin is theirs. If you're.
- 20:07Looking hey, looking to get started book your free 30 minute
- 20:10consultation at the Bitcoin way using that link in the show
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- 20:50off their first loan. All right, now back to the
- 20:52story. But first look at our legs, 3 or
- 20:554 times maybe. I'll.
- 20:57Pump those numbers up. Those are rookie numbers in this
- 20:59racket. I had to do it, but OK.
- 21:00So the US already holds $20 billion plus of Bitcoin from
- 21:05seizures, and after the absolutely brilliant Biden
- 21:08administration that sold most of it, and we know MicroStrategy
- 21:12also holds well over 600,000 Bitcoin.
- 21:16If we put them together, you've got to stack basically second
- 21:19only to Satoshi. And what do you call that?
- 21:21A strategic Bitcoin reserve hiding in plain sight.
- 21:25It's not official yet, but there are risks in trusting third
- 21:30parties and the structure is already there.
- 21:32The supply, the policy, the rhetoric, the precedent, it all
- 21:35lines up. So let's put this puzzle
- 21:37together. Gigachad says the US should own
- 21:4020%. Eric Trump calls him a national
- 21:43treasure. Trump says never sell seized
- 21:45Bitcoin. The government is nationalizing
- 21:48strategic companies. And it just so happens that
- 21:51micro strategy controls 3% of the Bitcoin supply.
- 21:54That's not conspiracy, that's game theory.
- 21:57That's America weaponizing Bitcoin as the ultimate reserve
- 22:01asset. So you're asking me, what's the
- 22:03move? Well, how about this?
- 22:05If you want to be sovereign, buy Bitcoin.
- 22:07If you're feeling patriotic, buy MicroStrategy or Bitcoin
- 22:11treasuries. I mean, at the end of the day,
- 22:13you're betting on the same end game hyper bitcoinization led by
- 22:17the United States. Drop your thoughts and comments
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- 22:43Hey, hope you guys enjoyed this one.
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- 22:52Oh, and yeah, you might have a new show coming your way.
- 22:55So stay tuned. Love you guys, catch you next
- 22:57time. If you prefer to go down with
- 23:00the ship.