76report

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October 25, 2024
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The Mind of a Bitcoin Maximalist

MicroStrategy’s Michael Saylor joins Trish Regan on the @76research channel to talk about Bitcoin, sound money, long-term investing and our economic future.

“The Engineering of Perfectly Sound Money”


In August 2020, in the middle of the pandemic, the Federal Reserve’s money printers were kicking into overdrive, short-term interest rates were effectively zero, long-term interest rates had fallen below 1%, and many students of monetary history were started to get nervous.


With several hundred million dollars of cash on its balance sheet, software company MicroStrategy (MSTR) and its founder and then CEO, Michael Saylor, felt they needed to do something to protect the real value of the company’s liquid assets.


Monetary debasement was taking place on an unprecedented scale. As Michael explains to Trish in our just published full length interview on @76research, Bitcoin was the solution.


Saylor and his board’s decision was extremely controversial at the time—but the strategic shift, grounded in serious research into the viability and prospects of the Bitcoin network, has paid off extremely well.


Since the end of August 2020, MSTR has outperformed every stock in the S&P 500, including even NVIDIA (NVDA). MSTR shares have returned some 1500%, whereas NVDA shares have merely returned about 1000%.

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Michael Saylor Explains Bitcoin

After we attended a digital assets conference in September, where Trish had the honor of introducing Michael Saylor as keynote speaker, we described in the 76report the history of MSTR and his perspective on Bitcoin as a form of money and potential long-term investment.


Michael is not only the largest individual shareholder of the largest Bitcoin-based public company (which now enjoys an approximately $50 billion market cap), it is understood that he personally owns more than $1 billion worth of Bitcoin.


Whether you are invested in Bitcoin, considering an investment in Bitcoin or simply have a desire to understand what may be the most important innovation in capital markets over the past few years, we encourage you to watch Trish’s interview.


If you are skeptical of Bitcoin, or struggle to understand it, you may find the interview especially valuable.


Our goal was to cut to the heart of the issue: what is digital money, what problems does it solve, how can it have value, what are the risks, what economic and geopolitcal impact will it have on the United States, and where does it go from here?


There is no one in the cryptocurrency space who can articulate the investment case for Bitcoin more thoughtfully than Michael Saylor. We are extremely appreciative of his time and look forward to his continued engagement with 76research.

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