4.8 • 764 Ratings
🗓️ 2 October 2024
⏱️ 93 minutes
🧾️ Download transcript
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
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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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