The Bitcoin Standard Podcast Seminar 5 with Michael Saylor
Join the Saifedean.com seminar as we host Michael Saylor, CEO of Microstrategy, the publicly traded company that announced it was making bitcoin its primary treasure reserve asset, and purchasing 38,250 BTC (~$425m). Saylor explains how this was a deliberate decision to put the company on a bitcoin standard.
To stay informed of progress on Saifedean’s upcoming book, The Fiat Standard, sign up on saifedean.com/email
Saifedean’s paper Michael mentioned, on Bitcoin monetization scenario, and how banks are “fiat miners”: https://saifedean.com/product/report-title-2/
All of Saifedean’s research papers written after The Bitcoin Standard can be found on saifedean.com/research
Saifedean’s The Bitcoin Standard, out in 21 languages: saifedean.com/book
Inflation tiers according to Michael, by annual change in prices:
<0%: technology, information, anything that can be dematerialized digitally, capital-intensive goods, goods with high fixed cost of production and low marginal costs.
0 to 2%: Unskilled labor, non-premium land and property, labor-intensive goods
6-8%: High quality education, medical care, property, naturally scarce goods.
8-24%: Debt, equity, prime, luxury property, and elite products.