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TFTC: A Bitcoin Podcast

#542: The Bitcoin Treasure Strategy Is A Game Changer with Dylan LeClair

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 2 October 2024

⏱️ 93 minutes

🧾️ Download transcript

Summary

Marty sits down with Dylan LeClair to discuss the effectiveness MicroStrategy's bitcoin treasury model.


Dylan on Twitter: https://x.com/DylanLeClair_


0:00 - Intro

1:19 - Price cycles and election outcomes

6:49 - Rate cut

10:27 - Unchained

11:12 - China

14:49 - Leveraging for more bitcoin

22:06 - First mover advantage

29:23 - Gradually, Then Suddenly & Zaprite

31:00 - How cash flow affects the strategy

33:47 - Impact on price

39:30 - MetaPlanet's journey

46:33 - Importance of timing

54:28 - Shareholder obligation

1:01:26 - Yuppie elites

1:05:49 - Bitcoin ETF options

1:16:57 - Bitcoin's come further than Crypto

1:26:10- Hot takes



Shoutout to our sponsors:


River

https://river.com/tftc

Unchained

https://unchained.com/concierge/

Zaprite

https://zaprite.com/tftc

Gradually, Then Suddenly

https://thesaifhouse.com/gradually



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Transcript

Click on a timestamp to play from that location

0:00.0

Just an example of micro strategy, it was a billion dollar business with 500 million cash.

0:04.6

They started in August 11th, 2020, four years in a month.

0:08.1

After they started, they have $16 billion of Bitcoin and then like four or five billion dollars of debt.

0:14.6

Who has an S&P 500?

0:16.7

I performed that name since that date. No one. I realized that everything in the world is

0:23.4

trending to zero against Bitcoin on a longer timeframe. BlackRock, right? We've stacked

0:27.9

360,000 Bitcoin. They've stacked a micro strategy and a half in the span of nine months or so.

0:34.7

They've quite literally said, you know, we want to help, you know, pump Bitcoin to pay off the debt, right?

0:40.4

Which is obviously a bit hyperbolic.

0:49.5

You've had a dynamic where money's become freer than free.

0:53.1

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:58.0

So it's all acting like safe haven.

1:01.0

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

1:07.0

Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

1:11.6

I mean, that's part of the bull case for Bitcoin.

1:13.6

If you're not paying attention, you probably should be.

1:16.6

Probably should be.

1:17.6

Dylan McClare hot off a trip to Japan.

1:22.6

Backstateside, how you doing, sir? You look happy. You look refreshed.

1:26.6

I'm doing great, yeah. Happy to be here. Happy to be back in the States,

1:31.1

although I did have some fun over in the East. But yeah, feeling refreshed, excited for

1:37.3

what's to come. Bullish. Getting back in the saddle, right, as we're approaching $65,000.

...

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