BITCOIN SEASON 2: Michael Saylor Wants You to Go Into Debt to Buy Bitcoin (Plus, BTC Mortgages)
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 June 2025
⏱️ 36 minutes
🧾️ Download transcript
Summary
For this week’s Bitcoin Season 2 Writer’s Room, a news roundup that includes some terrible advice from the gigachad himself, and why bitcoin may soon count as an asset when you apply for a mortgage.
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Welcome back to Bitcoin Season 2! Today, Charlie and Colin break down Michael Saylor's Bitcoin Prague keynote where he tells people to leverage it all for bitcoin - including borrowing from family members (what could go wrong?). Plus, the FHFA’s directive ordering Fannie Mae and Freddie Mac to recognize crypto as legitimate assets for mortgages, a new Bitcoin stablecoin launch, and the weird on-chain "clocking in" game that's creating the only regular fees on Bitcoin right now.
NOTES:
• Bitcoin trading at $107,000-$108,000
• Michael Saylor’s BTC Prague Keynote: Debt for BTC
• FHFA order for recognition of crypto as an asset for mortgages
• Transaction fees only 2 sats per byte
• Tether market cap at $157 billion
• Crypto market cap over $3 trillion total
• Bitcoin market cap over $2 trillion
• People clocking in 30+ days straight
Timestamps:
00:00 Start
02:10 Saylor says leverage = good
11:37 Bill Putle BTC as loan backing
20:18 Stablecoins on BTC
29:16 Make sure you clock in!
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Transcript
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| 0:00.0 | Michael Saylor wants you to go into debt to buy Bitcoin. |
| 0:03.9 | This has never gone wrong before. |
| 0:05.8 | You should totally take him at his word. |
| 0:08.3 | Go max out your credit cards, buy a bunch of Bitcoin, sell your house. |
| 0:12.5 | Pierre Richard said, sell your chair. |
| 0:14.3 | No, you should leverage your chair to go buy Bitcoin. |
| 0:17.6 | This and more news this week on Bitcoin Season 2. |
| 0:20.8 | Let's kick it off. |
| 0:27.8 | All right, Colin. |
| 0:29.3 | Are you leveraged to the tits yet to buy Bitcoin? |
| 0:33.3 | I feel under exposed because I'm not levered highly enough. |
| 0:36.9 | I'm not taking my chair and loaning it out to people for 21% APR. |
| 0:43.3 | And I have not sold my family into indentured servitude to own more Bitcoin. |
| 0:48.7 | So I am chronically under-exposed, sitting comfy and cold storage Bitcoin purchased without leverage cash-only. |
| 0:57.4 | And I think you're right about the fact that this has ended poorly for a lot of people. |
| 1:03.0 | It's really funny because we've got this clip of Michael Saylor talking about this, |
| 1:07.6 | which we'll actually share later in the episode. |
| 1:09.5 | It was from his Bitcoin Prague keynote. |
| 1:12.7 | But you have simultaneously Michael Saylor imploring people to take on debt to buy Bitcoin, |
| 1:17.3 | and you were saying sell your house to buy Bitcoin, which is an argument I've seen |
| 1:20.0 | made from a lot of people. |
| 1:21.4 | And then you have Bill Pulte of the Trump administration ordering Freddie May and Freddie |
... |
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