Wumbo Rating: 13 out of 21.

Stackers can skip this episode.

If you own MSTR stock you may want to watch it just git a feel for Saylor's Head Space.  

There are some very long monologues.

Wumbo

It would take a lot of sats to get me to listen to these two.

00:18:36 - ESG Collapse And AI Changing The Energy Debate

00:25:13 - Are There Too Many Treasury Companies?

00:35:39 - Bitcoin As Digital Capital Like Electricity

00:46:39 - Optionality Of Operating Companies Versus ETFs

01:06:15 - Digital Credit As The Core Business Model

01:13:40 - Why Strategy Will Not Become A Bank

01:29:27 - Protocol Conservatism And Distraction Risk

01:36:35 - Why Holding USD Reserves Matters

01:42:13 - Capital Investors Versus Credit Investors

02:03:23 - Money Power And The Endless Struggle Through History

podcasts

https://www.youtube.com/watch?v=J85O-ckNxCw

CHAPTERS:
00:00:00 - Introduction
00:00:47 - Bitcoin in 2025
00:11:04 - Is The Four Year Cycle Dead
00:18:36 - ESG Collapse And AI Changing The Energy Debate
00:25:13 - Are There Too Many Treasury Companies?
00:35:39 - Bitcoin As Digital Capital Like Electricity
00:46:39 - Optionality Of Operating Companies Versus ETFs
00:54:26 - MNAV Gravity to 1
01:06:15 - Digital Credit As The Core Business Model
01:13:40 - Why Strategy Will Not Become A Bank
01:19:33 - Why Companies Fail
01:29:27 - Protocol Conservatism And Distraction Risk
01:36:35 - Why Holding USD Reserves Matters
01:42:13 - Capital Investors Versus Credit Investors
02:03:23 - Money Power And The Endless Struggle Through History