“I don’t think he sees Bitcoin as money. He’s been very clear about that. He sees Bitcoin more as an asset. One of the great metaphors he uses is that Bitcoin is like crude oil in that it is a hard asset,” Ammous said.
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I mean, there's no evidence that Saylor (currently) sees bitcoin as anything other than an asset for holding and borrowing against. Is he investing in any payments solutions, wallets, lightning apps? His entire shtick right now is just financial engineering for fiat gains.
He's American TradFi and interested in making money (I mean accumulating more btc) off the backs of American TradFi Nocoiners.
I've never seen him express any interest in Lightning.
He has. He knows what lightning is and has talked about it in earlier interviews.
A few years ago a proposed MSTR (when it was mstr) service was to give companies and employees access to ‘lightning rewards’ when their employees were recruited or promoted.
The idea was dropped due to complexity and tax purposes however.
Thanks for letting me know!
No doubt. He doesn't try to hide it.
PSA: Michael Saylor's business model is marketed toward Nocoiners. MSTR itself holds Bitcoin, but his market is fiat investors, who will pay MSTR in fiat and receive dividends in fiat.
This means Michael's opinions... are not truly relevant to us. He holds 600k bitcoin (high, but not the highest) and his interface with TradFi will very likely benefit NGU—but in terms of his opinions about what bitcoin is, oh well.
It's obviously both a "store of value" and a "medium of exchange."
He has to, since his entire business model is built around what is a leverage bitcoin ETF. You get commodity price exposure typically by buying commodity contracts/ETF and doing cash settlement, you don't take physical delivery. Same for his business model.
The equivalent of commodity physical delivery in bitcoin context is on chain withdrawal to my wallet. But that line of thinking will put him out of the picture
I personally believe he does what he thinks the law and government will allow him to do.
He can’t sell Bitcoin (for share price reasons) and he can’t advocate for spending it because of the suggestion that it would compete with the dollar.
He says over and over that Bitcoin ‘doesn’t compete with the dollar’ but I don’t think he totally believes that.
At the end of the day he thinks Bitcoin is hugely undervalued… so he thinks his financial strategy is just keep buying it not necessarily to spend it.
Who said he cannot sell it? You mean his personal bitcoin stash or the company's?
Who said he cannot advocate for spending it? He is in the US, not in China. It is not against the law to advocate bitcoin spending.
If you mean he cannot advocate it because his company business model prevents it, then yes, we are saying the same thing. But I don't see what the law has to do with it.
I believe that if he sells coins from either source, for any reason, it will break public confidence in his vision and might trigger a chain reaction that crashes MSTR's price.
I am sure he has the resources to sell part of his personal stash anonymously. But yes, if he does then I would be very happy to buy with the resulting discount
Always good remember some advices about Saylor, not necessary at all, but some ppl are blinded about him.