Saylor Calls Money "Economic Energy" and Bets Bitcoin Leaks the Least
4 Articles
4 Articles
'Status-Oriented Animals': Michael Saylor Disputes Elon Musk's Prediction that AI Will Make Money Irrelevant
Billionaire Michael Saylor says AI may make life's necessities cheaper or even free, but it will not eliminate money because people will always compete for scarce, status-conferring goods. Saylor refutes Elon Musk's claim that money will be meaningless in the near future, stating: "Everybody doesn't get a Hampton's house. Everybody doesn't get their own private jet." The post ‘Status-Oriented Animals’: Michael Saylor Disputes Elon Musk’s Predict…
Is Bitcoin Under $100K Cheap? Saylor Makes His Case, Skeptics Remain - Invest In Crypto News
Bitcoin has lost half its value since October, sliding from record highs to trade well below the $100,000 mark investors once treated as a floor. For Strategy founder Michael Saylor, the crypto industry’s loudest permabull, this is just Tuesday. “We’ve lived through more brutal drawdowns,” Saylor said, pointing to a 75% collapse in 2021-2022 that dwarfs the current slide. Since his firm started buying Bitcoin in August 2020, he counts five major…
Saylor calls money "economic energy" and bets Bitcoin leaks the least
Michael Saylor, the chairman of Strategy (NASDAQ: MSTR), has published a new essay on X explaining his bold views on money, Bitcoin, and the future of the economy. He argues that money is essentially “economic energy” and that Bitcoin is the best technology to store that energy. Is money economic energy? In an essay titled “What Is Money?” written by Michael Saylor, the chairman of Strategy, and Robert Breedlove, money is defined as the techno…
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