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Michael Saylor Reveals $81T Bitcoin Plan to Cancel National Debt?! | Simply SatoSHE · Simply Bitcoin

0:00
All right, stop the presses. Michael Saylor just literally
0:04
pitched an $81 trillion Bitcoin plan to cancel national debt in
0:09
the US Yeah, you heard that right.
0:11
Cancel it. Poof.
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Gone. The man with the laser eyes has
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dropped a framework that could flip America's balance sheet
0:18
from hopeless to unstoppable. And folks, he didn't stop there.
0:24
Sailor is out here on CNBC telling folks that Bitcoin is
0:29
going to be a $200 trillion asset.
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He told Saudi Arabia's sovereign wealth fund to go all in on
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Bitcoin. And now he says the S&P 500 will
0:42
depreciate against Bitcoin forever.
0:46
It's. Going up forever, Lauren.
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Forever, forever. This isn't just Bitcoin hopium.
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the US Treasury is literally holding roundtables on a
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strategic Bitcoin reserve. States like Michigan are
0:59
advancing Bitcoin reserve bills and countries like Laos, they're
1:03
mining Bitcoin to escape debt traps.
1:06
So today we're breaking it all down.
1:08
Sailors master plan. Why Bitcoin beats the S&P
1:12
forever Money Week's insane admission, Kevin Durant's
1:16
Bitcoin story, Gary Gensler admitting that there's Bitcoin
1:21
and then there's everything else.
1:23
And finally, what happens if America misses this train?
1:27
Spoiler alert, Bitcoin wins anyway.
1:30
Buckle up, because it's Satoshi time.
1:37
Let's start with the big one. Michael Saylor on Tuesday met
1:41
with a group of lawmakers in a roundtable event to discuss the
1:45
Bitcoin Act, a bill to establish a strategic Bitcoin reserve.
1:50
And something big is coming, quote.
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Legislators and the executives at yesterday's roundtable agree
1:56
there is a need for strategic Bitcoin reserve law to ensure
2:00
its longevity for America's financial future.
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Hayley Miller, director of government affairs and public
2:08
policy at Digital Power Network, told Coin Telegraph most
2:12
attendees are looking for next steps, which may mean including
2:17
the SBR within the broader policy frameworks already
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advancing. Now here's where it got super
2:24
bullish. According to Michael Saylor's
2:26
framework pitched to the government, AUS Strategic
2:29
Bitcoin Reserve could generate up to $81 trillion for the
2:34
Treasury, enough to literally wipe out America's debt.
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This is a Fortune 500 CEO whose companies have literally been
2:42
obliterating the SP500, who's already orange peeled his own
2:47
company and now is orange peeling the entire U.S.
2:50
government. I'm particularly pleased with
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President Trump's support support of my strategic Bitcoin
2:57
Reserve initiative, which will address our national debt while
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securing America's position as the global leader in financial
3:07
innovation. As Bitcoin comes into more
3:11
usage, its use makes the whole system more secure, more robust,
3:17
and more capable of serving our needs all over the world.
3:21
We should be the global leader with this fantastic new Ledger
3:28
based asset that is in a digital format that is going to be
3:34
transformative of everyday economy and puts the everyday
3:38
American, in fact the everyday worker all over the world in
3:42
control of their own money. What a wonderful blessing for
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hard working people all over the world to have this great new
3:51
technology and to have America lead the way in implementing
3:56
this wonderful, wonderful innovation.
3:59
You already know that the Bitcoin senator Cynthia Lummis
4:03
is backing the idea and standing ready to send it.
4:07
There is no longer fringe. It's in the halls of power.
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Next guest is one of Wall Street's most vocal Bitcoin
4:14
bulls, recently meeting with members of the House Financial
4:17
Services Committee to discuss what he calls his digital assets
4:20
framework to help the US become the global crypto leader.
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Joining us now in the CNBC exclusive is Strategy Co founder
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Executive Chairman, Michael Saylor.
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Strategy announcing this weekend delivered a Bitcoin gain of $2.6
4:31
billion so far this year. Michael, it's, it's paid to, to
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keep buying no matter what. My question is, how much are you
4:40
involved? Because I know you've, you've
4:42
met with members of the Trump administration, cabinet, family
4:45
members, I think the president himself.
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So are you involved in advising around this strategic crypto
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reserve? I've met with a bunch of
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senators on the Democratic and the Republican side, a bunch of
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Congress people, few members of cabinet, you know, a few members
5:05
of the administration, and anybody that wants to talk you,
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you know me for the last 4 1/2 years.
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I'm willing to talk about Bitcoin to anybody, anywhere in
5:15
the world, every day. Yes, and we appreciate that
5:18
talking to our audience about it.
5:20
So were you surprised that in the announcement over the
5:22
weekend, the president mentioned other smaller coins like XRP,
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Solana and Cardano, as well as Bitcoin for the Strategic Crypto
5:31
Fund? I'm not surprised.
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I mean, I, I think there, there's no way to interpret this
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other than this is bullish for Bitcoin and is bullish for the
5:41
entire US crypto industry. You know, there are, there are
5:44
conservatives that, that view the right path forward as just a
5:49
Bitcoin only policy because Bitcoin is a, is a commodity, an
5:55
asset without an issue or a neutral asset and there's no
5:57
controversy. But the president's adopted a
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more liberal economic policy and and that's his right.
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He's president of the United States.
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Yeah, no, I'm sure you would have preferred it though if it
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was a Bitcoin only fund. You know, I, I believe that the
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best thing for the country is to move forward with an enlightened
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progressive policy toward digital assets.
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I think it's worth $100 trillion to the United States.
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And ultimately there's, there's four different assets that
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people need to come to grips with.
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A digital commodity like Bitcoin, an asset without an
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issuer backed by digital power, A digital currency like a stable
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coin backed by a Fiat currency equivalent, a digital security,
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an asset with an issuer backed by a stock or a bond so we can
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tokenize Wall Street. And then a digital token, which
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is an asset with an issuer that's backed by digital
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utility. I think everybody's trying to
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come to grips with that taxonomy.
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And as the market gets more educated, we're going to see
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more progressive, constructive policy engagement.
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But as it relates to the crypto fund, I guess you know, one
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thing people are going to try to figure out and what the White
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House is going to you have to explain is why we need that.
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I get that you you think the price of Bitcoin is going up
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sharply and you've definitely put your money where your mouth
7:19
is, but but it is still a speculative asset.
7:22
So is it just about investment gains for the US government or
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is there another strategic reason, say like oil, we have
7:30
that where we would need this? The key to keep in mind is that
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Bitcoin is not competing with the dollar.
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It's competing with international real estate,
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global equities, expensive money managers on Wall Street and any
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long range investment that somebody makes.
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And so right now we're about $2 trillion in in Bitcoin, it's
7:50
going to 20 trillion, then it's going to 200 trillion, then it's
7:53
growing 20% a year. And that capital is coming from
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overseas. It's coming from China, from
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Russia, from Europe, from Africa, from Asia, from the 20th
8:02
century to the 21st century. So what's compelling about it is
8:06
if the United States takes a position in the emerging crypto
8:11
economy, if it buys up 1020% of the Bitcoin network, we're going
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to pay off the national debt. And so why wouldn't that be in
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the interest of the United? States, I guess the question
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would be we're dealing with instruments that historically
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Michael have had draw downs, you name it.
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I mean, twenty, 4050% how much risk or what, What would that do
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to sentiment if in fact that was a paper loss even momentarily
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for the government? I don't think anybody's ever
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lost money in the Bitcoin network holding four years. the
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United States best investments are Alaska, Mexico, California,
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and Louisiana, they were. And Manhattan, we're still
8:49
holding them hundreds of years later.
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It's a nation state. So presumably you want to buy
8:55
Bitcoin, you want to hold it for 100 years, You know where the
8:59
future's going. The AIS, the foreigners, the
9:02
Europeans, the 20th century capitalists, they're all going
9:06
to cyberspace. And so the United States has the
9:09
ability to buy this for a nickel and pay off the national debt.
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It'll be the greatest economic program of the 21st century for
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this country. How do you think it gets funded?
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I mean, I think that I'd leave that to the president's working
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group. They'll eventually decide what
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they want to do and the scale they want to do it.
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There are a dozen people on it, the head of the Treasury, the
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SEC, the CFTC, Commerce, the attorney general, the president,
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I'm sure will opine. I'm sure you'll have leadership
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from Tim Scott and French Hill, both the Republicans and the
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Democrats. Everybody's going to have their
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opinions. It's above my pay grade to
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decide, but I would what I would say is this.
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We bought Manhattan for 60 guilders.
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It was a good trade. We bought Alaska for 6,000,000
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bucks. It was a good trade.
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We paid $40 million for 75% of this country.
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It's a good trade. We can afford it.
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We should buy the future. I mean, it's but what, and
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you've done this before, you've you've talked about this before,
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but comparing A cryptocurrency digital asset that is still
10:17
considered highly speculative to American cities and states.
10:23
Well, Bitcoin's not highly speculative to the 500 million
10:26
people in the crypto economy. It's the best performing asset
10:29
in the past 15 years and generally the best performing
10:32
asset every single year. My company's gone from a $250
10:37
million investment to almost a $50 billion position in 48
10:41
months. So clearly there's enormous
10:44
economic energy in this asset. It it is probably the most
10:49
certain thing in the financial universe.
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If you have a long time horizon, I.
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Have another sort of, and this might be like a legal question,
10:57
but as this becomes more adopted and if we're talking about a
11:00
strategic Bitcoin reserve or crypto reserve, how do you
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prevent insider trading front running?
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You know, there's no insider trading laws because they're not
11:08
securities. So Trump can just, you know,
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tweet about X coin and someone can front run it.
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The reason that there's so much support for a commodity like
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Bitcoin is it is an asset without an issuer.
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No entity controls it. No entity runs the network, no
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entity can change the protocol, no entity has enough power to
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impact the market trading of that protocol.
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That's actually why most of the focus is on is on the digital
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commodity, and that's what makes Bitcoin special.
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The Satoshi was the insider. He left a million Bitcoin for
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all of humanity forever and walked away without ever
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benefiting, and that's what makes Bitcoin special.
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Do you think that any other assets should be in the
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strategic crypto reserve? You know, I, I think if you're
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looking out over the next 100 years trying to figure out how
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do you capitalize a nation state or a country, what you want is a
12:07
digital commodity. But if you have a sovereign
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wealth fund, then I think it's well within the rights of the
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leader of the nation to decide to put, you know, proprietary
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assets, securities, tokens and the like into it.
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And of course, the decision will eventually be made through a
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fairly, fairly comprehensive political process over the next
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six months. We have till July 22nd when the
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Digital Assets Framework and recommendations from the
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Executive Order are due on the President's desk.
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It should be interesting to watch what happens between now
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and then. Well, Michael, we certainly
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appreciate you coming on to to talk us through how you're
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thinking about all this. One of the biggest proponents,
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Michael Saylor from Strategy. He's not talking about a hedge
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anymore. He's talking about Bitcoin as
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the base layer of global finance, 1020% of the network in
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US hands. National debt gone, global
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dominance locked. And if you think he's just
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talking to DC, think again. Pretty unstoppable the the White
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House has anointed it as the one sole digital commodity in the
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world that they recognize that makes a digital gold, that makes
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it ethical. And so if the most powerful man
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in the world says it's digital gold and says don't sell your
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Bitcoin and we're going to buy more, I think that the last
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hurdle has been leaked in terms of on the path of legitimacy.
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So tell me, if you're a sovereign wealth fund, Saudi
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Arabia, United Admiral, it's Kuwait.
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How would you be diversifying that portfolio?
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How much Bitcoin would you own? All of it.
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Look, I, to tell you the truth, I always want, I think it's kind
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of an IQ test. It's like if you had a billion
13:54
dollars and you wanted to double it, you would buy the billion
13:57
dollars of Bitcoin and put on a press release.
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But if you wanted to make a trillion dollars, you would try
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to buy as much as my company has right now.
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You go buy five $50 billion worth of Bitcoin and just keep
14:09
buying and it'll be a trillion dollars to you.
14:11
So you ought to buy as much as you want money, right?
14:16
I think that my forecast for Bitcoin is it goes up 29% a year
14:21
compounded for 21 years, which is going to be 3-4 times better
14:27
than the next best thing. So yeah, I could tell you, you
14:31
have put 5% of your portfolio in it, but smarter would be to put
14:35
150% of your portfolio in it. If you wanted ten extra money,
14:39
you buy Bitcoin. If you want 100 extra money, you
14:41
buy Bitcoin with somebody else's money.
14:43
And if you want 1000 extra money, use somebody else's
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money, buy Bitcoin and you lever it, right.
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The simplest thing going is borrow money at 345 percent,
14:52
invested it 30 to 60%, keep the difference.
14:57
My company went from a $600 million enterprise value to $108
15:01
billion enterprise value in 4 1/2 years.
15:04
And we just did that formula. We're just levering it.
15:08
So I I think as much as you can get is the right answer.
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He's straight up told Saudi Arabia's $930 billion sovereign
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wealth fund. If you want 1000 X your money by
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Bitcoin, not oil, not tech. There's only room for one nation
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state to buy up 20% of the network.
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And obviously I think it should be the United States.
15:35
I think it will be the United States.
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It's a way for us to enrich ourself and emerge as a creditor
15:41
nation in a matter of a decade. It's also a way for us to ensure
15:46
that we're the economic leaders in cyberspace and the digital
15:49
economy for the next 100 years. And if we do that, every one of
15:55
our allies will follow us, and then all of our enemies will end
15:59
up having to buy into the network once it passes 10 or 20
16:04
million a coin, and they will enrich us.
16:06
The inconvenient Nation state Game theory Reality Only one
16:10
nation can buy up to 20% of the Bitcoin network, and Sailor says
16:16
it should be the United States. What's that They said once.
16:19
Yes, we can. I'd like to bring that back for
16:22
this. I'm kidding.
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And if that wasn't enough, Saylor just went further.
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He said Bitcoin will outperform the S&P 500 forever.
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Not that it already hasn't been for the last 15 years, but I
16:36
digress. Not for a cycle, not for a
16:39
decade, or ever. So what we discovered?
16:43
Is Bitcoin is digital capital? Bitcoin is going up faster than
16:48
the S&P forever, right? Once you actually acknowledge
16:53
that Bitcoin is appreciating more than the S&P forever and
16:57
my. Forecast is appreciates about.
16:59
29% a year for the next 21 years and I've shared that with the
17:03
community. But.
17:04
You could have any forecast, but if Bitcoin is an asset and it's
17:08
appreciating, then you can create credit.
17:13
Collateralized by that appreciating.
17:15
Assets. So bitcoins digital capital
17:18
appreciating faster than the cost of capital.
17:21
The cost of capital. Is the S&P 500 return and then
17:25
credit written against it or issued against?
17:28
It is digital credit. And the digital credit can have
17:31
longer duration or it can have short duration, it can have
17:35
higher yields. It can be in any currency
17:41
because Bitcoin is a stronger currency, right?
17:44
One of the keys in the credit market is if you're going to.
17:48
If you're going to issue a credit instrument in a currency,
17:53
you want it to be weaker than the.
17:56
Collateral you hold so, so if you issue the.
18:00
Credit in a currency which is stronger than the currency.
18:04
You hold, you'll be upside down. And you'll go bankrupt.
18:07
He claims the S&P will depreciate 29% a year against
18:12
Bitcoin translation. Your 4O1K index fund is a
18:17
melting ice cube. The 6040 portfolio dead.
18:23
We are entering A100/0 Bitcoin world.
18:28
If he's right, and history says he might be, we're not just
18:31
watching a market rotation, we're watching the birth of a
18:35
$200 trillion Bitcoin economy. And it's not just Sailor pumping
18:39
this idea. Even Money Week, a mainstream UK
18:43
financial publication, just admitted Bitcoin is the reserve
18:47
asset of the Internet. They highlight how the UK just
18:52
lifted its fans on Bitcoin Etns. How Black Rocks iShares Bitcoin
18:56
Trust exploded into an $88 billion juggernaut, the fastest
19:01
growing fund in Bitcoin history. Think about that.
19:05
Wall Streets biggest asset manager just had its most
19:08
successful product launch and it wasn't a stock, it wasn't a
19:13
bond. It was Bitcoin.
19:15
And this trend is global. Laos, a tiny country in
19:19
Southeast Asia drowning in debt, just turned to Bitcoin mining.
19:24
They built all these dams, had too much power, and now they're
19:29
monetizing wasted energy with Bitcoin.
19:32
Who says Bitcoin wasn't environmentally friendly?
19:35
This is how sovereign adoption spreads.
19:38
And Speaking of adoption, just wait until you hear what NBA
19:43
superstar Kevin Durant just said about his Bitcoin bag.
19:47
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Simply now, let's get back to the show.
20:44
Let's talk Kevin Durant and Gary Gensler again of affirming that
20:48
there is Bitcoin and there are shit coins.
20:52
You the responsible. About Bitcoin.
20:54
But I gave him a little nudge. Yeah.
20:56
You give him. He did, and he called me in like
20:59
2014. Fifteen.
21:03
We got on a call with our business manager at the time who
21:07
just like shut it down and was like you guys like stop.
21:11
Hold on, go backwards. So you you how did you learn
21:14
about Bitcoin? Just just scrolling on YouTube,
21:17
to be honest, can't lie to you. And then you I just just seeing
21:21
so many videos of seminars of people like this talking about
21:26
cryptocurrency and how is the future of the world.
21:29
And I was always into like futuristic, you know, the new
21:32
technology coming, how world can change and, and I felt like that
21:35
was something that could be consistent and, and can last.
21:39
And I mean, here we are now, 10 years later, we're still talking
21:42
about it. I lost him some money because
21:44
had we bought it at that point in 2014?
21:47
Fifteen. But about a year later, right
21:50
when you sign with the Warriors, Ben Horowitz hosted a dinner for
21:53
Kevin for his birthday. And the whole Warriors team
21:55
came. And at the end of that night, I
21:58
was like, Kevin, I just heard the word Bitcoin 25 times this
22:03
evening. And the next day we started
22:05
investing in Bitcoin. And fortunately, we've yet to be
22:10
unable to track down his Coinbase account info.
22:12
So we've never sold anything and his Bitcoin is?
22:15
Just through the roof. So they lost the password.
22:19
No. And they think that's a great
22:21
thing because they never sold. NBA superstar and apparently an
22:28
early bitcoiner. Ladies, check out Kevin Durant.
22:32
Is he married? Hold on, I just, I just want to
22:35
do this for my girls. Ladies, I am happy to report he
22:39
is single. Go get your bag.
22:41
No, that's terrible. Don't put that in there.
22:43
Oh my God. OK.
22:45
Durant says he got in early, held through the chaos and just
22:50
recovered his account. But further proof the sound
22:53
money gospel is spreading. As he said, watching things on
22:56
YouTube, he was able to learn and now he's sitting on a nice
23:00
Bitcoin stack while his Fiat melts.
23:03
I wonder if Katie has seen every single simply Bitcoin episode.
23:07
That would be insane. But this isn't just for nerds
23:10
anymore. It's mainstream.
23:12
The jocks have entered the chat because everyone needs sound
23:17
money. They are.
23:18
Reversing a lot of what you did and how are you feeling about
23:22
what they're doing now? So I'm very proud of what we
23:25
accomplished. And the crypto community is, is
23:28
ecstatic not to have you there anymore and to have him, to have
23:31
him there. Looking back on it, I mean, do
23:34
do you think that was the right call?
23:36
Yes, I think. Because look, now we have this
23:39
like burgeoning industry and there's so much more innovation
23:42
and leadership in the US and we have more.
23:43
Capital coming into it. There may be more capital in
23:48
terms of the interest in the public.
23:51
The public is interested, I I get that.
23:55
But. For investors.
23:58
You think this is dangerous, what they're doing?
24:00
Put aside Bitcoin, but most of the other tokens are not tied to
24:05
any fundamentals like Warren Buffett would say, what what you
24:09
know, what are the goods, what are the revenues, What, what are
24:11
they selling and so forth. This isn't the first time Gary
24:15
has been caught saying put aside Bitcoin.
24:18
The rest aren't tied to fundamentals.
24:20
I don't know if that sounds like Gary but that's like my
24:22
impression of him. I gotta say Gary was totally
24:25
underrated as a Bitcoin maxi. But let me know what you guys
24:28
think in the comments. But here's the trillion dollar
24:31
question. What if the US ignores Sailor?
24:34
What if they miss the play? Well spoiler alert, Bitcoin
24:38
still wins. Which means we win, as James
24:42
Lavish put it. The year is 2035.
24:44
Federal debt has doubled to $75 trillion. the Fed has printed to
24:51
oblivion. Bitcoin soared past $2,000,000.
24:56
Sounds good, and you wish you understood it sooner.
25:01
That's the path. If the US sits this one out,
25:04
either America front runs the world or the world front runs
25:08
America. Either way, number go up, I
25:11
guess. Here's the bottom line.
25:14
Michael Saylor isn't pitching fairy tales.
25:17
He's laying out the escape plan from a debt spiral that ends in
25:21
collapse. And every day that the US drags
25:24
its feet, other nations are moving.
25:27
Laos, Saudi Arabia, even Michigan are passing reserve
25:31
bills. The world is converging on
25:34
Bitcoin. So what do you think?
25:36
Should America adopt sailors $81 trillion Bitcoin reserve game
25:41
plan Drop it in the comments, smash the like, subscribe to our
25:45
channel and before we roll out mining Disrupt 2025 is coming in
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hot and you don't want to miss it.
25:52
The biggest Bitcoin mining event of the year is taking over
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Dallas, TX November 11th through the 13th.
25:58
This may be the most important Bitcoin mining event in history.
26:02
The biggest names in the industry, cutting edge rigs,
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Bitcoin and AI integration. The signal you won't get any
26:10
anywhere else. Grab your tickets today and use
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promo code simply Bitcoin for 20% off and we'll see you there.
26:17
That's it for today's show. Don't forget to like, subscribe
26:20
and share the show with your friends.
26:22
Set those notifications to on and until next time, stack, slay
26:27
and stay bullish, baby.