Everyone Has This SO WRONG About Bitcoin | Michael Saylor

Everyone Has This SO WRONG About Bitcoin | Michael Saylor

In an interview with Yahoo! Finance, CEO of Microstrategy, Michael Saylor, discussed numerous topics, including Microstrategy buying Bitcoin’s top forever, the implication of Terra Luna’s meltdown, and Sam Bankman-Fried’s comments about bitcoin having no future as a payments network. Earlier this week in an interview with the Financial Times, Bankman-Fried, Founder and CEO of FTX, stated that he didn’t see Bitcoin as a viable payment option in the future because of its proof-of-work system, which he can’t scale to handle millions of transactions. To quote Bankman-Fried verbatim, he said;

“Things that you’re doing millions of transactions a second with have to be extremely efficient and lightweight, and lower energy cost. Proof-of-stake networks are.”

While many, even Bankman-Fried, view Bitcoin as a store of value, Michael Saylor had a different take on the issue.

🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound

🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.

-This video has no negative impact on the original works (It would actually be positive for them)
-This video is also for teaching and inspirational purposes.
-It is not transformative in nature.
-We’ve only used bits and pieces of videos to get the point across where necessary.


Leave a Comment