"Crypto Is Crashing!" - Wealth-Building Strategies to Capitalize on the Crypto Crash | Michael Saylor (Replay)

Tom Bilyeu's Impact Theory

Impact Theory

News, Business, News Commentary

4.7 • 5.2K Ratings

🗓️ 5 August 2024

⏱️ 129 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Today's Episode: Given the current global economic crisis we’re all living through, it’s safe to say that something is broken with our traditional models of government and economics. Today’s guest is not shy about calling it out for what it is as we experience unprecedented times with unprecedented levels of public intervention. Michael Saylor is an entrepreneur and business executive. He’s the executive chairman and co-founder of MicroStrategy. After recently stepping down from his role as the CEO of MicroStrategy after 30 plus years, he’s sharing his unique perspective of what it means to survive our current global crisis. MicroStrategy is the biggest publicly traded corporate owner of bitcoin with close to 130,000 BTC. There’s a necessity for you to understand money, understand how to protect your balance sheet, and understand your property rights. For some of us, it is riskier to stay where you are when considering to what extent governments are suppressing the free market, controlling your assets, and manufacturing metrics that don’t reveal the true picture The most important decision for you to make at this point is where to place your assets and store value. Will you choose to store your assets and build value in things like real estate and gold that can be seized, taxed and controlled by the government, or will you consider what you can achieve by storing your assets through bitcoin? Check out Michael Saylor’s Free Education (Courses and certifications): https://www.saylor.org/ [Original air date: 9-27-22]. SHOW NOTES: 0:00 | Introduction to Michael Saylor 0:38 | MicroStrategy’s Winning Strategy 10:29 | Policy Wars Do This To Inflation 19:55 | Suppressing the Free Market 31:03 | FIAT Money & Government Intervention 45:30 | What is ESG Policy? 56:26 | Top Down Central Government 1:07:51 | Keep Your Assets Out of Reach 1:22:08 | Watch Out for These Rules of Thumb 1:40:47 | Irreversible Transactions in Cyberspace What's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's up guys? I am so excited to bring you today's episode with the certified Bitcoin whale Michael Saylor.
0:06.3	Michael is an entrepreneur and business executive that puts his money where his mouth is.
0:10.7	Also called Gigachad, Michael has gone all in with Bitcoin and shows no signs of slowing or backing down.
0:16.8	In this second round with me on Impact Theory, we're looking at why this recession is the greatest financial crisis of our lifetime, how governments have tried to do everything top
0:26.0	down, create dysfunctional societies, and if there's still opportunity in buying crypto even
0:31.0	after the latest crash.
0:32.5	I hope you guys love this episode and get as much value out of it as I did in recording
0:37.3	it. And if you do, please
0:39.0	leave a review on our podcast. That's the best way to support us so we can get the show out
0:43.3	there to more people around the globe looking to make an impact. I'm Tom Billu and welcome to
0:49.3	impact theory. Michael Saylor, welcome to the show.
0:57.4	Yeah, thanks for having me, Tom.
0:59.5	Dude, I am very excited to talk to you.
1:02.0	Now, obviously, things have changed dramatically in the financial landscape since we last spoke.
1:06.8	And I want to start us off, actually, with something that you said, which is the world is going through an unprecedented financial crisis, the greatest of our lifetime.
1:16.2	Now, I want to know, one, why do you think crypto and everything else has crashed?
1:19.6	And two, is there an opportunity in all of this disruption for somebody to take advantage of or not?
1:25.1	Well, if we look at the past year, what you've got is a drawdown
1:31.4	of all financial assets. So the NASDAQ is down about 22% over the past year. And so NASDAQ represents
1:39.1	tech companies and all the risk assets. But on the other hand, if you were to go and look at like the bond market and the bond
1:49.4	portfolios, bonds are down, like the B-O-N-D index, the long bond index, it's down almost 17% in the year.
2:01.7	So for 30 or 40 years, you had this 60, 40 bond portfolio.
	...

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