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How to Invest in Bitcoin Indirectly: Insights on MicroStrategy, Square, and Beyond · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
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• 1:51
  Speaker 3: So speaking of a big care, what about like micro
• 1:53
  Speaker 3: Strategy who Yeah, they said, have been making five hundred
• 1:59
  Speaker 3: million dollars a day on Bigcoin. So like companies like that,
• 2:03
  Speaker 3: would those be good to because those publicly traded companies stop?
• 2:06
  Speaker 3: Would those be good to invest in? And if so
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  Speaker 3: at what?
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  Speaker 1: At what price?
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  Speaker 4: I think it's a good.
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  Speaker 5: Way to invest in bitcoin in a non direct fashion.
• 2:19
  Speaker 5: It's been really interesting to see the bitcoin minus not
• 2:21
  Speaker 5: rally as much as bigcoin has. But yeah, I think
• 2:27
  Speaker 5: I keep saying that Michael Saylers and New Kathy was
• 2:29
  Speaker 5: so at some point, if y'all cared about Kathy because
• 2:32
  Speaker 5: she originated this bigcoin institutional strategy, y'all should go send
• 2:35
  Speaker 5: her a note and tell her thank you.
• 2:38
  Speaker 4: Mike.
• 2:39
  Speaker 5: But Michael strategy is a good way to get some
• 2:41
  Speaker 5: exposure to it. I know I've gotten killed about my
• 2:48
  Speaker 5: Square take, but if you look at some of the
• 2:49
  Speaker 5: things Square is doing, yeah, may want to keep your
• 2:53
  Speaker 5: eyes on what Jack and them are doing. I don't
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  Speaker 5: know if he went and kissed the rain and yet
• 2:58
  Speaker 5: and if he's in there in a circle, uh, and
• 3:01
  Speaker 5: if him and Elin had made up, But if so,
• 3:03
  Speaker 5: Square shit bounced. But they they've been doing pretty well.
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  Speaker 5: But isn't And I love Michael Taylor, but isn't five
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  Speaker 5: hundred million a day like one hundred and forty billion
• 3:16
  Speaker 5: dollars or something like that.
• 3:17
  Speaker 1: In a quarter? You're talking like Amazon numbers.
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  Speaker 4: Did he say five hundred million today?
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  Speaker 1: That's a lot.
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  Speaker 4: That's Apple's doing ninety four billion a year.
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  Speaker 1: That's a lot.
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  Speaker 5: So maybe it was five hundred a month. I don't know. Well,
• 3:36
  Speaker 5: we'll see when a report comes out. But micro strategy
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  Speaker 5: is a good way to get exposure to bitcoin. If
• 3:41
  Speaker 5: you can't afford it at ninety thousand per coin for sure.
• 3:46
  Speaker 2: Yeah, we talked about some ETFs to if you're not
• 3:49
  Speaker 2: in bitcoin, obviously with black Rock over the past year,
• 3:52
  Speaker 2: and they've done an ethereum one as well.
• 3:54
  Speaker 1: But yeah, when I started.
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  Speaker 2: Looking at the economy that goes around bitcoin, obviously you've
• 4:00
  Speaker 2: seen what coin has done. Coin Base, which is publicly
• 4:03
  Speaker 2: traded micros strategy has just been incredible. But Square, like
• 4:08
  Speaker 2: I said, man and we had this conversation a little earlier,
• 4:10
  Speaker 2: but if you watch what it's doing right, this is
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  Speaker 2: still a fintech company. But their commitment that they made
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  Speaker 2: in twenty twenty, which at the time even Jack Dorsey
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  Speaker 2: apologized for. He said, like, we're not going to continue
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  Speaker 2: doing this. They're commitment into bitcoin is now starting to
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  Speaker 2: pay off. And it's not because they're selling pit coin
• 4:27
  Speaker 2: to they're trading it. It's actually because they actually sell
• 4:30
  Speaker 2: the equipment for firms that mine it. So this is
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  Speaker 2: another business that's being built around the economy of cryptocurrency
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  Speaker 2: and bitcoin specifically, which is interesting because it plays a
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  Speaker 2: part in the AI development too, which is absolutely we
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  Speaker 2: don't even look at it right At the time, we
• 4:45
  Speaker 2: were trying to figure out when we're mining bitcoin, how
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  Speaker 2: can we do it faster? What are the semiconductors that
• 4:50
  Speaker 2: can help us do it? Those semiconductors now turn into
• 4:53
  Speaker 2: what we're going to be used, and now they are
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  Speaker 2: used for artificial intelligence. Right, so we're talking about the
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  Speaker 2: nanometer chip, we're talking about five, we're talking about three.
• 5:02
  Speaker 2: So Square has actually created the three nanometer mining chip
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  Speaker 2: four bitcoin, and I think everybody needs to pay attention
• 5:09
  Speaker 2: to that because that's what's going to be used very shortly.
• 5:12
  Speaker 2: I think they start they created in April of last year,
• 5:15
  Speaker 2: but it's starting to be de deployed now and the
• 5:18
  Speaker 2: largest bitcoin minor, which is corz Core Scientific, they're using
• 5:22
  Speaker 2: it exclusively. And so when we're watching Square, this is
• 5:26
  Speaker 2: not just a fintech company now, right they've changed their
• 5:29
  Speaker 2: name to block because of the blockchain, but we're starting
• 5:32
  Speaker 2: to see the impact that bitcoin and cryptocurrency specifically is
• 5:36
  Speaker 2: having inside of his business. They're not just relying on Hey,
• 5:39
  Speaker 2: we were a fintech company. Now cryptocurrency has his fingerprints
• 5:43
  Speaker 2: all over this company. And if you look at this chart.
• 5:46
  Speaker 2: I said this the other night, there's something interesting happened
• 5:49
  Speaker 2: over there. We're we're going to watch this and start
• 5:51
  Speaker 2: this even more closely over the next couple of months.
• 5:54
  Speaker 5: It's crazy to change your name to block and get
• 5:56
  Speaker 5: blocked out the cryptocurrency industry because Elon Maddo.
• 6:00
  Speaker 4: You, yeah, the browards are really interesting.
• 6:05
  Speaker 1: Heat down. He actually came out and apologized.
• 6:08
  Speaker 2: So now to see a year later, Hey, we're going
• 6:11
  Speaker 2: to cut back on I think they were trying to
• 6:13
  Speaker 2: do Web five. They were like trying to be so
• 6:15
  Speaker 2: far ahead and like, all right, let's just focus on
• 6:17
  Speaker 2: this because this is promising and we have something here.
• 6:20
  Speaker 1: Yeah.
• 6:21
  Speaker 5: I do like the one thing I do love about
• 6:23
  Speaker 5: Michael Sadler's strategy, though at least he's putting his money
• 6:26
  Speaker 5: where his mouth is and investing heavily into it. I
• 6:29
  Speaker 5: know Citron had the report that came out. It was
• 6:32
  Speaker 5: interesting to see his reply. I can't wait till the
• 6:35
  Speaker 5: reporting because I know they had some profit margin issues
• 6:38
  Speaker 5: prior to but I'm looking to see when this report
• 6:42
  Speaker 5: comes out what the profit margin looks like as well.
• 6:45
  Speaker 5: But everyone's just really redoing the Vanguard's strategy like this
• 6:49
  Speaker 5: Bitcoin by bitcoin strategy on the institutional side reminds me
• 6:53
  Speaker 5: of bogos etf and Indexcellent strategy just at a different sector,
• 7:01
  Speaker 5: which has worked incredibly.
• 7:03
  Speaker 4: Well for Vanguard and black Rock on State Street.
• 7:06
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• 7:11
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• 7:14
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