22 Burst results for "Michael Sailor"

"michael sailor" Discussed on What Bitcoin Did

What Bitcoin Did

05:54 min | 2 months ago

"michael sailor" Discussed on What Bitcoin Did

"Because it's smaller. And so if a Michael sailor comes in, they can potentially move the market. Whereas if you have a handful of hedge funds, fast money decided to sell it because of whatever macro factor they're looking at, that can also move the market. And also because it's known for good returns, there's even though leverage in the space is actually small relative to market cap or other ways of looking at it. There's individual parts of the market that are extremely leveraged. And those easily get liquidated when you have big moves to the upside or downside, which exacerbates volatility. And so it's kind of people are betting on it in a way they don't bet on, say, gold and things like that, or at least not at the scale. And so that adds to volatility. And one way to think about Fiat currencies is they try to optimize for low volatility, but then the sacrifice they make is devaluation. So they kind of have this manual adjustment mechanism where if you get deflation, they want to print a lot more. If they start getting inflation, they try to their best to throttle that back. And they've had mixed success with that. But basically, you know, you never really have a case where developed market currencies like 50% less useful the next year. Whereas that can happen with Bitcoin, even more so. Now, in extreme historical events, even those via currencies, they break down. So they go decades and decades and decades without having a major volatility event. And then you get like a 1933 event where it's just, you know, it's practically cut in half, or you have emerging markets go to this farmer. Egyptian pound had a month or just cut in half about 5 years ago. And so that kind of thing is common throughout the world, unfortunately. But in developed markets from year to year, the volatility is low and that combined with the fact that it's recognized as legal tender makes it a useful form of near term money that you can save it. You know it's going to be worth roughly the same in 6 weeks and you kind of go about your day, whereas and that matters for people that where their incomes and their expenses are very close. So if you're living in a country and you're making $400 a month and you're expenses are $400 a month, you can't have you can't risk holding a lot of your assets or whatever assets you might have in something that can go up 50% or go down 50% during that time. You pretty much have to have a stable amount because you have no margin for error. Whereas, of course, if you have a large pool of capital, you have a better ability to withstand volatility..

Michael sailor Fiat
"michael sailor" Discussed on What Bitcoin Did

What Bitcoin Did

04:57 min | 5 months ago

"michael sailor" Discussed on What Bitcoin Did

"Transformation is that people start thinking about the future, they think, well, there's a finite number of these bitcoins. And I want to have as big a pie as possible. So I need to squirrel away as many bitcoins as I can as quickly as possible. And so they take they take from the consumption in the present and they transform it to savings, which is a future oriented activity where your accumulating savings because you can use those savings in the future. So I think Bitcoin is definitely helpful in that regard. But I don't think that Bitcoin in the long term, if it succeeds, can coexist with our current institutions. That's something that's perhaps a little controversial. I think we're not so controversial in Bitcoin land. Yeah, maybe so but I think a lot of people even people who are fairly influential in the Bitcoin space like Michael sailor who I'm a big fan of, think of Bitcoin as kind of outside the dollar system and it can exist as this external store of value. But I think if Bitcoin was successful and became a global reserve currency, it would transform political institutions. But Michael sailors in a very different position. Sure. And I'm never a 100% sure if his views are definitely a 100% authentically his views, or he's playing his own game theory out trying to protect Bitcoin in the short term from attacks from institutions from the government. He might be playing his own game there. I'm never 100% sure with him. You could be right. You could be right, but I think there is the view that Bitcoin can coexist with the current system. I think amongst politicians who appropriate, and I don't think many of them are like, this is going to end U.S. democracy. I don't think if you asked, they sent out a llamas that it could transform society in a way that we don't have the same society in the same political structures. I am skeptical with Bitcoin success that our current political structures will exist..

Bitcoin Michael sailor Michael U.S.
"michael sailor" Discussed on The Bad Crypto Podcast

The Bad Crypto Podcast

02:34 min | 7 months ago

"michael sailor" Discussed on The Bad Crypto Podcast

"Other than we all like it. Let's all buy a TikTok said so. So there's some of that, but overall is just more interaction, more interest, more governments joining in and doing crypto stuff. There's just institutional. I mean, that's like, you know, you've got now you have the big funds that are looking at this. You didn't have a Michael sailor, you know, going all in on Bitcoin for years ago. You have people that are money people that are going all in. The story is different this time. You also have an ETF out there. And I just, it just feels like the powers that be would probably like to see it run a lot higher if for no other reason than their own selfish motivation so they can bring it back down and take all the retail money out of it and put it in their pockets. And I am going to hang in here until I want to say march. If we don't see it by March and I think it's going to happen before then, this is not financial advice. I think it's going to happen before them. But if we don't see it by March, then I think that we're taking a little nap. Well, what happened last time was it was at 5 grand. Next thing you know, it was at ten. And then it was like 15 boom 20. Like, it was like, pop. It was like, that's kind of a slow roll from like 1500 to 2500 to three grand, four ran a fight. And then it just went pop, pop, pop, pop. We were seeing three grand pops in a day sometimes. Remember that? I do have a conversations like, dude, there's gonna be a time in the future where we just see like ten, 12, 15 grand pops, and one day on Bitcoin overall. And you know, right now, look at this, the top of the crypto market in 2018, January, 18th, or whatever it was, whatever that was 9th or whatever that it was about 840 billion. I thought the top was going to be near a trillion. I thought the top of this one was going to be near 5 trillion. But here we are, it was that it got about almost a 3 trillion, and now it's pulled back down about 2.32 .4 trillion. So are we in the low? Are we have not had that last pop pop yet? I don't know, but now I'm thirsty for some pop. We'll look at this. There's a graph from crypto quant in this article. And it says that exchanges have less Bitcoin on their books than any time since the old time highs of 20,000, four years ago. So what does that mean?.

Michael sailor
"michael sailor" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:33 min | 8 months ago

"michael sailor" Discussed on The Peter Schiff Show Podcast

"What michael sailor said was his prediction. Is that gold is going to zero. And he said that anybody who is buying. Bitcoin and gold is a fool because they shouldn't be buying any goal that all that there's no point in even having a small allocation a gold that gold is totally worthless and bitcoin is made it obsolete and that gold is going to zero. It seems that. Michael sailor is confusing goal for bitcoin. It's bitcoin that's going to go to zero not gold. I mean why would go to zero. Even if bitcoin succeeds wide is gold half to fail. I mean certainly. Gold has been a valuable precious metal for thousands of years. Goal was very valuable before it became money even if it was demonetized by bitcoin. Why should it be worthless like people are going to walk around and that they look down and there's a bar gold on the street they're just gonna keep on walking and not even bother to pick it up because it doesn't even have value as a paperweight is completely worthless. Gold is the most useful metal on the periodic table. it will always have value. it will never be worthless. even if bitcoin succeeds. Gold does not fail. But you know this just shows you. How irrational these bitcoin. Proponents are to the extent that they think gold is going to zero. And one of the things that michael sailor said to convince the people listening on twitter and there were thousands and thousands of people that were listening. I forget how many but he said that goal is down over the last year the goal is down over the last ten years and that therefore it is not an inflation hedge. It has proven that it's not an inflation hedge because it is down over the last ten years or the last year. That is a very subjective timeframe to pick because if you go over the last twenty years gold went from under three hundred to eighteen hundred where it is now. that's a sixfold increase. Sounds like a inflation hedge to me in fact if you go back a few years ago. Gold was at one thousand fifty in two thousand fifteen. So it's up. Eighty percent almost in the last five years. Sounds like a pretty good inflation hedge over that timeframe. What michael sailor likes to do is cherry pick the timeframe during which gold went down and contrast that to bitcoin to prove that bitcoin is the real safe haven inflation hedge and gold is now obsolete the reality is. Bitcoin is not going up because it's an inflation hedge. Bitcoin is going up for the same reason. That peleton went up. It went up..

michael sailor Michael sailor Bitcoin bitcoin twitter
"michael sailor" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

03:35 min | 9 months ago

"michael sailor" Discussed on The Peter Schiff Show Podcast

"I guess people would think that there's no way anybody can say something like that. No that's exactly what he says so. He claims that. Bitcoin is the best form of digital property. And the reason he says it's the most valuable. It's the best digital. Property is because it has no maintenance costs unlike other property where you have to spend money to maintain it the beauty. Bitcoin is they don't have to spend anything to maintain it now. The entire bitcoin network. It's expensive to maintain to the extent that people are transferring their ownership but for the individual owner. If i just take my bitcoin and stored on a hard drive or coles stores. I just have my own coin. It doesn't cost me personally anything to maintain that right. I can keep my bitcoin on my flash drive for ten years. And as long as i don't lose it right. It didn't cost me anything other than i already owned. The flash drive ready to really cost me anything to maintain it so according to michael sailor. This low maintenance cost means that digital property is the best property to own. Now of course the reason that you don't have high maintenance costs for bitcoin is that you really have nothing to maintain. I mean what is bitcoin. It's just nothing is just numbers in cyberspace and when michael sailor talks about the beauty of the low cost of bitcoin he always talks about other assets he talks about real estate. He talks about boats. He talks about cars airplanes right other types of property that people can own and he talks about how expensive it is to maintain right a boat. If you own a boat it costs a ton of money. You gotta find a dock for the boat right. The boat breaks down. You have to repair it right upkeep. You need gas for it right. There's all kinds of cost as any boat owner. How expensive it is to have a boat right. The old joke is are the two happiest days of a boat owners life the day he buys it and the day he sells it and as a boater myself i've owned several boats. I understand that perspective. But what michael. Sailor is overlooking when he compares owning bitcoin to owning a boat is because when you own a boat you actually have property that you use an enjoy people buy boats because they want to go boating. They wanna be out on the ocean. They want to experience nature the water. They want to go fishing. They wanna go water skiing. They wanna just transport they wanna go someplace. They want to go to an island. You know they want to do something. I want to have fun. I mean if boats weren't fun if boats weren't enjoyable people wouldn't be willing to spend all this money to maintain them the same thing with all these other assets yes. Property is expensive to maintain because we like living in houses. People enjoy it. It's a place to raise our families. And yes it costs money to maintain you gotta pay property taxes. There are all these negatives when you own certain types of property but they are more than offset by all the benefits of owning the property the joy and the pride that comes along with owning property and getting the exclusive use of that property. Bitcoin doesn't have any of that. You don't do anything with your bitcoin. So the fact that it doesn't cost you anything to maintain it is irrelevant if you don't get any benefit from owning it..

michael sailor Bitcoin coles michael skiing
"michael sailor" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 9 months ago

"michael sailor" Discussed on Bloomberg Radio New York

"Bitcoin higher helping software company micro strategy which has a lot of crypto on its balance sheet And here with that really interesting story is stocks editor Dave Wilson Yeah absolutely What's front and center here is the idea of the first Bitcoin futures exchange traded funds And the keyword is futures because they're going to be tied to contracts that are already listed They've been out there since the end of 2017 And so when you have that kind of development I mean you see cryptocurrency move higher Bitcoin just above $60,000 today Now the question then becomes who stands the benefit and the biggest beneficiary really is micro strategy Start out as a business software maker in the past year and a half or so They have really become a Bitcoin investor In fact their CEO Michael sailor had a tweet out today say Bitcoin is the new gold And they've certainly kind of served their business that way In fact you know they spend a bit more than $3 billion on the currency they even borrow the buy some And they've made more than three and a half $1 billion on that investment In fact it's close to half this company's market value can be traced back to its Bitcoin holdings So it really has been a beneficiary Other companies are certainly going that route None of them is aggressively as Michael strategy though so none of them stand a benefit quite so much from this move into Bitcoin ETFs specifically the Bitcoin futures ETFs and the effect on that digital currency Yeah who needs to sell software after all Thank you so much to Dave Wilson for that report Coming up we get the latest.

Bitcoin micro strategy Dave Wilson Michael sailor Michael
"michael sailor" Discussed on What Bitcoin Did

What Bitcoin Did

05:34 min | 9 months ago

"michael sailor" Discussed on What Bitcoin Did

"You should that should be price it maybe five percent and this is just you generic model and so what it really comes down to is like what is inflation for me. When i'm thinking about how. I would personally define inflation if i was going to try to make an in a way that you could then do the mathematics on value of everything on top of that i would say inland michael sailor and others talk about this quite a bit is. They're using the money supply. Because that's what's actually expanding the units that everybody is using. They're not using bitcoin. Ninety nine point nine percent of people were not using bitcoin to is a unit of account. So they're using these these fiat units. And when you look at that money supply growth just over the last decade. The compound annual growth rate of that is anywhere from ten to fifteen percent depending on which currency. You're actually talking about. So that's the inflation rate. Is that empty money. Supply growth the units. That are being put into the system. How their nesting theirself. Those units are nesting themselves into real estate or stocks or corn. Or whatever you name it right. It's nesting itself into those different things in in various ways and at various growth rates to represent those units that are expanding by double digits. and so. that's the thing that i think so many myths and it's such an important question in my opinion it's like the most fundamental piece of all of this is understanding. What is inflation. I used to tweet about it. All the time and i put hashtag. How do you masur. Everyone laughs at how i say that word. How do you measure inflation. Like what is inflation. Some of my ideas on what it feels to me like every administration is kicking the can down the road. There is a blinking contest between china. And the us but at some point a massive correction won't have to happen. Somehow i think so. And i think it's gonna come from energy markets. I read a great blog post. He goes by copies a hedge fund manager. I forget his name of his blog. What he wrote a great piece yesterday. Thing i'm gonna write about tonight. Is the energy crisis looming could be the next liam in moment. Where you have again. I think all of this stems from the inflation of the monetary units or the energy crisis. That were beginning to experience and will encounter were aggressively as been forward through. Time is just top down control over these markets whether it be monetary good markets which are completely centralized..

michael sailor masur china liam us
"michael sailor" Discussed on What Bitcoin Did

What Bitcoin Did

05:46 min | 10 months ago

"michael sailor" Discussed on What Bitcoin Did

"I'm talking where there's billions of dollars. Not you know buying a thousand dollars with bitcoin where they want to allocate huge dollars. Her model is going to be the model of the future for minors. Which is why. I made my biggest bet with her. Every time she looks at a new mining operation. It's got to be one hundred percent g that means it's gonna push to solar it's gonna push to wind going to push you to any compliant way. Maybe you know. Burn off of gas and use it productively. She doesn't northern berta. But you're taught bitcoin to me as that asset class is not a currency it is an asset because the the plans. I'm talking about the sovereign funds. They want to buy the coin and never sell it. Never trade it. So if they felt that they could buy her stock for example and know that she would guarantee them that that she would only mind new awards sustainably and she never would sell the assets. They may consider that as their proxy. For which is i. Think a big opportunity for them and other miners as well so i talked all the miners all the time. They're always soliciting funds. And i get it. But i can't ever be because when i when i disclosed that i had you know three percent waiting in bitcoin of the first call i got were from all the guys that i know in the pension plans saying juno that those are sustainable or not we own or just you because we can own them. And that's what. I learned the product about the problem and it remains today and the reason. I say it's not a problem. It's an opportunity if we solve this in the bitcoin asset community. Whatever you wanna call it. You're gonna see a trillion dollars worth of of you know feed currency's going to bitcoin as an asset just like real estate and i think you wanna talk one hundred thousand two hundred thousand two hundred fifty thousand dollar coin price. It has to solve this problem. It won't get there until i haven't actually discussed. We have done this. Have we on the show. Multi bent interesting show with michael sailor discussing one of the funny things i find about yes. G. is ninety five percents. Compensation seem to be about the e. Not the and you you you must know dot moorhead pantai. sure sure. Did you read the entire thesis where they covered. Why actually i have already yet. I have read 'social governs. Bitcoin is actually a great tool for social governance..

bitcoin berta michael sailor moorhead pantai Bitcoin
"michael sailor" Discussed on What Bitcoin Did

What Bitcoin Did

03:41 min | 11 months ago

"michael sailor" Discussed on What Bitcoin Did

"'cause they found superior alternatives to do what they were always intending to do as they do that as a start to sell bonds to buy bitcoin like why own a us treasury that yields fifty basis point when the government is two or three accident the supply of currency. That essentially will will celebrate. It will impair the credit impulse at the same time that Inducing the credit system to contract. Which because it's as as leveraged as it is will induce Basically the credit system to collapse not because of bitcoin but because the system itself is is so fragile and so unsustainable an ad as that happens it will actually accelerate the the quote need of the central bank to print more money to keep the system propped up and so it will actually feed on itself and accelerate whether the critical mass of bitcoin is ten percent of people or twenty percent of people. It's unclear but i think psychologically once it gets to that point where it's like one in ten people adopted bitcoin or two in ten One in five that that things begin to to really accelerate the that the marginal cost to adopt bitcoin and the uncertainty about it becomes lower and lower and its value proposition is inversely related to. It's really interesting because it feels like feels like we look closer to that point. And i thought we would be during this like i didn't expect to see companies come in by the amount decline sunday to government making bitcoin legal tender. Which is we want two weeks away from. That says seven happens I think that is going to be really interesting project for bitcoin with see how that plays out el salvador. See why she happens to the country. I mean how much are you roy on that almost like a testbed for lens into the future walk. Bitcoin camin for a country where it is legal tender that where is essentially i guess. Taking taking 'em away from their own government for the things they can do. I mean look. We know that don't have their own currency as it is but is putting them in a very different situation. Yeah and i think that you know. It will do wonders for el salvador. Ultimately i think that in terms of the grand scheme of bitcoin. what would most important function as that normalizes kind of re anchors. What is this because You know one brave soul or a group of brave souls. Were willing to to be early in that but the same thing is true. Virtually everything so michael sailor first person to come out and say i'm shifting over my corporate balance sheet to bitcoin to the tune of ninety percent of dude maybe now is like ninety five percents of right that that there there is always Like definition only somebody has to move. I right so i but i do agree with you. That that i wouldn't have expected company like micro strategy to come out and do that is early as they did or el salvador But to that question of it feels feels functionally different today than it did. Twenty four months ago in a in a critical thing happened. Which was there was a massive imbalance in the system. People attributed to cova coleman might have exacerbated that but when the fed came in imprinted three trillion dollars in three months that took people from being a frog in a pot of water that solely boils versus throwing a frog in a boiling pot of water..

us treasury bitcoin el salvador Bitcoin camin michael sailor government cova coleman fed
"michael sailor" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

05:24 min | 1 year ago

"michael sailor" Discussed on The Peter Schiff Show Podcast

"Choice while should i buy real estate or should i buy bitcoin. They have nothing in common just because bitcoin is digital property. Doesn't mean it has anything in common with actual property because you certainly can't use it in any way that you can use actual property. The one significant thing that he talked about with bitcoin as opposed to properties that well it doesn't have taxes. Yes if you own real estate you're gonna pay taxes on it no question about it but if you own real estate you can also rented out and you can get rent that exceeds your taxes or you can live in yourself and you can derive that utility you can live in your real estate instead of renting somebody else's and so yes you're gonna pay taxes but you're going to get all the benefit of living in the real estate. Yeah there's no property tax when you own bitcoin but you get no value from owning bitcoin. You don't drive any income out of it. You don't get any utility out of it you just own it now. The craziest thing he said about it though is you said hey. The beauty of bitcoin is that you could take it with you when you die right because you know a lot of people. There's an old expression you can't take it with you. Well as far as michael sailors concern when it comes to bitcoin you can take it with you because you could take to the grave well first of all taking it to the grave and taking it with you are not the same thing because the expression you can't take it with you refers to the afterlife. You're going to go to heaven if you believe in that. Well you can't take any of your wealth with you to have it right. That's the whole idea behind the expression. You can't take it with you so you know. Spend your money while you're alive because if you die with a big fortune that fortune isn't going to help you in heaven maybe is going to help your heirs but it's not gonna benefit you but people have been taking assets to the grave. I mean think about the old egyptian pharaohs barrett in these tombs. They've got all this gold buried down there with them. Not like it does any good in the afterlife. But at least they got it in the grave with them so to say that oh. Bitcoin is great. Because you can be buried with it. Well hell you could be buried with your goal to what differences that make. I mean the fact of the matter is the reason that michael sailor thinks. It's so great that you can die with your. Bitcoin is because when you die with your bitcoin. Your bitcoin is gone right. Assuming that you haven't given anybody the password to your wallet or whatever you die. In the bitcoin dies with you well. What's so great about that. I mean i'd rather have assets that i'm going to leave to my children or to whatever charitable causes. I want to donate them to or to other relatives. Rather just have whatever i've saved..

michael sailors bitcoin Bitcoin michael sailor barrett
"michael sailor" Discussed on The Pomp Podcast

The Pomp Podcast

02:45 min | 1 year ago

"michael sailor" Discussed on The Pomp Podcast

"Do we get institutions to adopt and kind of developing nations. And then there's a default and there's an inflection point my how do you think we sequentially get there. What does that like order of operations almost look like a so great question so firstly i'll i'll detail how are not detail. It'll be a quick explanation of how i get to my two thousand dollars a two million dollars or greater point very simply today total global financial assets in the world. Today are over. Us nine hundred trillion dollars now that includes all equities all data all currency all. Fine art all gould. Nine hundred trillion. Us dollars all real estate. Sorry i forgot mentioned real estate globally. I think that bitcoin has a chance of becoming the global reserve asset of the world. Why because i think oil and natural gas will shortly. And when i say within the next ten years become priced in bitcoin. Why is that well. I'm an engineer rule of conservation of energy. You certainly heard. Michael sailor say that oil and natural gas if you're russia. Do you actually want to sell your valuable natural resources for this thing called the us dollar. Which is a programmed debase fee currency. Or do you want to hold. Us treasuries which is a fee contract. That's also program to be based or would you like to sell your natural resource energy'd for bitcoin which is digital energy. I think yes. I think over time. There will be enough people or nations that want to price bitcoin or energy and bitcoin. When that happens that becomes the reserve asset of the world so what percentage of the reserve asset is. It makes sense that nine hundred trillion dollars could capture. Would it be five percent. I think that's pretty low. But let's assume it's five percent of nine hundred trillion. Us dollars five percent of nine hundred. Trillion is forty five trillion dollars forty five trillion divided by twenty one million bitcoin. That's over two million dollars in bitcoin. Okay it's that simple now. Could it go higher than two million frigging lutely okay. But let's just us two million dollars per bitcoin as a base case scenario. How does it get there. It gets there something like you know what happens in south el salvador a little bit and then against there because michael sailor the genius of wall street figures they every single corporations should actually issue that in order to capture f certainty of debate contract in trade for this thing called bitcoin..

bitcoin Michael sailor Us gould russia south el salvador michael sailor
Can a New Wave of Crypto IPOs Rekindle Wall Street Excitement?

The Breakdown with NLW

02:00 min | 1 year ago

Can a New Wave of Crypto IPOs Rekindle Wall Street Excitement?

"Anyways today. We're discussing the robin hood. Ipo and the circle ipo and whether they can get wall street. Stoked on crypto again. So first let's talk some background. In retrospect the coin base ipo as the top sort of looks super obvious right base ipo on april fourteenth and the bitcoin all time high depending on your exact source came within around twenty four hours of that event there was an extraordinary amount of hype around this which by the way is technically direct listing. Not an ipo. But either way there was a ton of hype and it's because in many ways it wasn't just a single event. He was the culmination of an entire narrative which had been driving the industry for upwards of a year that point. Bitcoin had surprising resilience post black thursday crash in march twenty twenty hedge funds. Particularly paul tudor jones start to notice and explicitly identify it as a good trade in the context of massive global money printing. And this wasn't hard to understand right. It was an incredible moment to c- bitcoin supply issuance pro grammatically have had the exact same moment as central banks were getting comfortable with bigger balance-sheets than ever and by the way paul tudor. Jones wasn't even close to the only hedge fund who bought into this narrative by late summer. Early fall some others like stand druckenmiller. We're going on cnbc to say so as well and turn michael sailor and the bitcoin treasury bat and all of a sudden there's an additional dimension to this institutional by narrative other companies like square follow. Suit some really unexpected players. Come in as well like mass mutual's one hundred million dollar bitcoin. By which is where many of you probably. I heard of a breakdown sponsor night dig all of this creates an incredibly strong clear narrative picture going into the holiday in the new year. And then we get alon tesla's one point five billion dollar. Bitcoin treasury by dwarfs at least the initial by of micro strategy and we really off to the races and then coin bases listing is announced and it seems like the combination of things a major truly legitimising company from the crypto space moving into public markets

Paul Tudor Jones Robin Hood Paul Tudor Bitcoin Druckenmiller Michael Sailor Cnbc Jones Alon Tesla
"michael sailor" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

04:52 min | 1 year ago

"michael sailor" Discussed on The Peter Schiff Show Podcast

"True for thousands of years but it's also been true is that gold has held its purchasing power despite increase in supply. Why is that well. Because the population of the world also increases and so you have more people bidding for that goal so what determines price is a combination of supply and demand. Yes the supply of gold is growing slowly on an annual basis but so too is the demand in fact the demand may be growing even faster than the supply so even though there is a little bit more gold every year the value of that gold goes up because the demand for the gold grows faster than the supply. And if you relate the supply of goal to the supply of other consumer goods that you could buy with gold. The world is constantly coming up with more efficient ways to produce and grow other commodities other consumer goods and so generally this supply of gold. That is money or a commodity is growing more slowly than the supply of other goods and services that are being created and which are being bought with goal so again on a relative basis. That's what counts if the supply of gold is going down relative to the supply of all the goods and services that you could buy with your goal. Your purchasing power is going up not down so that is another. Bold faced lie being told by sailor in order to con people into buying bitcoin by claiming that because of supply of gold grow slowly every year. That you're losing value. Meanwhile supply. Bitcoin is now growing faster than supply gold. Yes even though it's theoretically capped at twenty one million the supply of bitcoin today the growth this year the growth next year based on the new mining exceeds the supply growth goal. Whatever he's saying about gold would apply to bitcoin too because supply of bitcoin at least for now is growing. And i think it's growing for another one hundred years. I forget exactly when you're supposed to hit the twenty one million mark but it's not for at least one hundred years and again as i said in a last podcast. It's not just supply of bitcoin. That's growing its supply of always alternative crypto currencies that. Bitcoin competes with that. Michael sailor wants to completely ignore but again it's not just goal that he was trashing as an investment he trashed everything as an investment. He said stocks are no good. Well i wonder if he includes micro strategies along with akahsi. Saying you can't buy stocks you said. How can you buy a stock because no one has any idea if any company is going to be around one hundred years right so you can't buy a stock to save.

Bitcoin bitcoin Michael sailor
"michael sailor" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

04:10 min | 1 year ago

"michael sailor" Discussed on The Peter Schiff Show Podcast

"Digital gold is used in aerospace. It's used in medicine. You can't use digital goals in anything and you can't use digital bitcoin either. So this is the false logic that he comes out with to try to justify. Everybody needs to own bitcoin. But he doesn't stop there because he then begins trashing every other type of investment that you could possibly own accept bitcoin right because he says what also bought he said. If you wanna buy something and store value for a hundred years what are you going to buy right. So i. He talks about gold and he said well. You can't buy gold because goal is way too expensive to buy. He claims that if you want to buy gold you've gotta pay a forty percent markup to buy that gold and then if you want to sell your gold. There's a thirty percent markdown. So according to michael sailor there's this seventy percent spread in the price of gold. And so that's why you can't buy any gold because you lose so much money in the transaction cost now. I don't know where michael sailor buys goal. I mean he probably doesn't by any gold that's why he thinks it's so expensive but for any rational person who buys goal nobody is paying a forty percent markup i mean are there some people getting ripped off. Yes that's why. I came out with this special report. A gold scams which people can still download because there are these gold companies that rip people off by get him the by these ridiculous quasi numismatic rare coins. That do have these crazy. Forty percent markup so there are some people that are being conned into overpaying for goal but for anybody who does a little bit of research and knows not to fall those scams if they go to a place like shift gold right maybe michael seller does it know about shift gold but if you go to shift goal and buy some gold. The markups are not percent. They're like one to two percent. That's it and it's the same thing if you sell so this. Seventy percent is ridiculous..

michael sailor michael
"michael sailor" Discussed on What Bitcoin Did

What Bitcoin Did

04:40 min | 1 year ago

"michael sailor" Discussed on What Bitcoin Did

"But you have to you have to You have to think about not technology. You have to think about money in the monetary question which most which is difficult and most people just don't have the The the attention span to do because there are some really fundamental questions to overcome. Question am while some people may have not done the work or they don't understand mandatory principles. I do think there are a group of people who have disincentivize themselves from actually going out and doing the work and learning about this. I think that a lot of people because everybody when they come to. Bitcoin feels late. They have some friend that told them about bitcoin and that they feel late to the party. And that they they want an easier path to essentially catch up And that that know because they have a short attention span and because they mistake and the bitcoin is a technological revolution rather than a monetary. One that if they just changed this dialer that dial. They'll make a better bitcoin and so rather than have a lower time preference and a longer attention span. Kind go down and and and questioned some very fundamental reasons as to why this is able to exist for for as long as it has why. Something hasn't out competed to this point. They just dive in because they want to. They want to get rich quick They one day they feel late and they want to catch up. And so i think that that that is that is human psychology More so than it is anything else. but it all but it also is because that the bitcoin is not intuitive it is difficult to see the and it requires an i think michael sailor put out a tweet about this which was a poll of. How many hours have you spent studying. Bitcoin and that That that you however long it takes to to really understand it intuitively. It's not an hour or two hours or even ten is probably something more than forty hour realistically might be more than one hundred hours..

michael sailor
Everything We Learned About the Bitcoin Mining Council

The Breakdown with NLW

01:51 min | 1 year ago

Everything We Learned About the Bitcoin Mining Council

"In december elon musk. Michael sailor started tweeting back and forth a bit. Bitcoin were already in the modality of companies. Adding bitcoin to their treasury and sailor had already emerged as one of the top evangelists. Of course this got tongues wagging at the end of january. Ilan changed his profile to read bitcoin and tweeted. In retrospect it was inevitable in february tesla announced that it had purchased one point five billion dollars in bitcoin and that it would start to accept bitcoin for payment for vehicles. Bitcoin cheer and our bags. Rejoice as we're rocketed up the next leg of the bull run but it wouldn't be a good story without a dramatic arc. Now would it almost immediately. We saw the downsides of ilan's involvement to go right along with the upside of price. Those downsides included one the alignment with an unpredictable twitter user. More likely to show those than to do. Anything that bolstered bitcoin and to the scorn and condemnation of the legions out there who dislike elon that second category includes many who profess to care about the environment who basically view tesla or ilan himself as a great green washer. In retrospect it's pretty clear that tesla's involvement did more to ratchet up a focus on bitcoin's footprint than to alleviate concerns about it by the end of april a new concern tesla had sold ten percent of its. Bitcoin alon profess that it was only to demonstrate the liquidity of the asset to stakeholders. But it was still jarring by a month later things had gone really sour alon announced that tesla was pausing sales of bitcoin due to environmental concerns w. f. the collective cry rang out. Do this guy seriously. Just learn about the environmental footprint of bitcoin. of course not what's far more likely and commonly accepted. Is that behind the scenes. There were serious pressures pushing tesla any lana on the bitcoin. Question for example. Es focused etf that list tesla who because of bitcoin

Tesla Michael Sailor Bitcoin Elon Musk Ilan Treasury Bitcoin Alon Elon Twitter Alon Lana
What's Really Behind China's Bitcoin Mining Ban?

The Breakdown with NLW

01:58 min | 1 year ago

What's Really Behind China's Bitcoin Mining Ban?

"What's going on guys it is. Wednesday may twenty sixth. And today we're talking about what's really behind china's bitcoin mining band or at least a different way to look at it. There has been so much happening so fast that you can expect a lot of these shows to be checking in on some things that we've discussed just a day or two before and today is definitely an example of that. I'm going. I do an update on the discussion around the bitcoin. Mining council michael sailors spoke at consensus yesterday and thought there were a couple of interesting points that came out of it. I is the extent to which the impetus for this mining meeting was from ilan himself rather than sailor dragging along. Sailor said quote. I think he lawns. I order. Ask was hey. Can we come up with a way to publish boost transparency for bitcoin mining energy usage. I think the first step is. Let's come up with a protocol for us to publish energy information in a way that we can share it with the world and then work together to make sure that we pursue sustainable energy goals. Sailor argued basically that in the absence of there. Being a standard model for energy use. Reporting critics come up with their own models for estimating how much energy mining is using many of which ended up painting a much bleaker picture than the reality if this is the case. It's a solvable information problem. And frankly it's also one which does benefit from some amount of coordination from a critical mass of parties to agree to the type of disclosures. They're going to make in the standards for how they're going to report things to make them comparable the other big point from his talk was the extent to which this energy was the key deliverable with all of the rest of the things that people mentioned the notion of promoting more sustainable practices being much more nascent and still in the discussion phase. This was strongly reinforced threat by amanda fabiano who heads mining galaxy digital. I'm actually just going to quote the whole thread. Because i think it's pretty important quote bitcoins. Energy consumption is transparent making it an easy target for criticism. But what critics can't see is the breakdown of energy sources.

Mining Council Michael Sailors Ilan Sailor China Amanda Fabiano Galaxy Digital
What an Increasingly Booming Economy Means for Bitcoin

The Breakdown with NLW

02:07 min | 1 year ago

What an Increasingly Booming Economy Means for Bitcoin

"What's going on guys. It is thursday april twenty ninth and tenth day we are asking the question of what an increasingly booming economy means for bitcoin. So the setup for this. Is that obviously for. Bitcoin and bitcoin has always been a macro asset in the sense that it is fundamentally about reorganizing the global economy in some way when it comes to the rest of the world however it's really only been in the last year that that idea of bitcoin as a meaningful player on the macro stage has come to the fore. The connection was made first and most profoundly by. Paul tudor jones with his great monetary inflation thesis. And since then. Bitcoin has been tied up in its digital gold narrative as an inflation hedge. Right there's no way to deny looking at micro strategy getting in and michael sailor talking about the melting ice cube of cash as a treasury reserve asset and stanley druckenmiller seeing five to ten percent inflation over the next few years. There's no way to deny that bitcoins. Narrative has been tied up in the fear of looming inflation. The question then becomes. What if that starts to withdraw. What if the macro narrative shifts. Where does that leave bitcoin so today. That's what we're going explore. And i think the start. Let's start with this idea of it. Being a booming economy one of the wall street journal's lead headlines today is. Us economy appears to be lifting off. Economists are projecting a quote robust consumer led recovery. Gdp grew at six point. Four percent seasonally adjusted in q one which is almost exactly what economists had predicted. What's more consumer confidence is approaching pre pandemic levels. In fact it's the highest. It's been in fourteen months and it's done nothing but increase for months in a row in particular a low income band people and families earning between twenty five and thirty five thousand dollars. A year has increased dramatically in march. Nine hundred thousand new jobs created an unemployment went down six percent.

Bitcoin Paul Tudor Jones Michael Sailor Stanley Druckenmiller Wall Street Journal United States
Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

The Breakdown with NLW

04:19 min | 1 year ago

Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

"What's going on guys. It is tuesday february sixteenth. And today we are talking about. You know it fifty thousand dollar bitcoin and specifically whether it's shows that we are in a bitcoin super cycle so i the news after a week or so of threatening the rubicon was breached this morning between seven forty five and eight am eastern time. Bitcoin punched up above fifty thousand. Now it immediately met cell wall and had a six hundred dollar candle down in is at the time of recording closer to forty nine thousand but to me that technical response is far less significant than these psychological barrier of a fifty thousand dollar being breached so today's special early breakdown is all about that. I reached out to followers this morning. Asking what topics you all thought were important for a fifty k. Show i also popped into a couple of different clubhouse chats to see what people were focused on and overwhelmingly across both of those mediums. The thing that people wanted to talk about is whether this is another indicator that we're in a bitcoin super cycle. I'm going to discuss this. It's going to be the main focus of the show. What the idea of a super cycle is where it came from what it might mean and some different ways to look at it but first let's blast through a few of the other topics folks wanted to disgust. Let's try to start with something that if not negative is sort of dismissive to be honest. It's kind of hard to find those bitcoin stomping face but here we are peter. Brant tweeted fifty. Thousand is a nice round number. That means absolutely nothing. Technically trying to sound smart just sound smart helps to define dumbness now. Let's contextualized. Peter is speaking to a trading audience and that trader audience are not supposed to in their own estimation get emotionally invested in an asset or let narrative shape. What they do. So let's give peter the benefit of the doubt and assume that that's who he's talking to however if he is truly arguing that technicals are all that matter about an asset. The easy rejoinder is that markets are by their very definition a constant give and take between narratives and technicals and frankly narratives tend to reshape the bounds that frame the upside and downside potential of those technical indicators either way for the sake of completeness i wanted to include something sort of negative but i think we can move on next. Let's discuss michael sailor. Just doing michael sailor things about five minutes before fifty thousand was breached. Sailor dropped a new press release from micro strategy long story. Short micro strategy is offering another six hundred million in debt and all the words of the press. Release our legalese. Except for this. Little line micro strategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins. Pomp summed it up perfectly when he tweeted. Michael sailor is carrying out one of the highest conviction investment thesis we've ever seen in public markets. Incredible to watch okay next. People are wondering how this happened. Or why will. I think the wise a little obvious. We saw an insane amount of positive news last week. Tesla b. and y. Mellon mastercard twitter. Deutsche bank morgan stanley. Every show for the last week has been about some type of crazy positive news. If you've been listening it's hard for that amount of positive news to not have an impact in other words. The specifics of win this fifty thousand dollar price was going to happen. Are for those technicals. That i was mentioning above to figure out but the overall momentum has clearly been in this direction. This actually gets me to another point. I was trying to articulate on twitter. We have this linear time bias. That when things happen quickly we tend to feel like that the thing that was before the you're comfortable with was the correct thing versus the new thing and the new change. That happened really fast. In other words. Bitcoin was between ten thousand. And fifteen thousand for a really long time so fifty thousand seems overvalued but what if instead based on what we now know. Bitcoin was in fact radically undervalued for that. Same ferry long time.

Michael Sailor Bitcoin Peter Brant Deutsche Bank Morgan Stanley Mellon Tesla Twitter Mastercard
"michael sailor" Discussed on Bitcoin Radio

Bitcoin Radio

03:48 min | 1 year ago

"michael sailor" Discussed on Bitcoin Radio

"Competitor have their cash up as a competitor of the mobile banking. But an for for for at least me. In in the crypto world. When i know that square in miami was like not a crypto company but very crypto friendly company run by jack. Dorsey historically been very pro crypto And so like it wasn't shocking in the slightest. I when i when i heard the news. I'm like oh they. They didn't even. It didn't have the money i assumed that like. I don't know half the savings were bitcoin. But i think the more the more shocking or interesting one for a lot of people was micro strategy and michael sailor being the co there that was the first publicly traded company to publicly announce them putting some cash reserves. Think ten percent into bitcoin. In i think since then it has raised because there was a crazy stat there that they made more money of just from pretty that ten percent into bitcoin over the past month or past two months then the entire operating profit than there are company profits of their main business over the past the readers. So i'm sure that i got it of the managed with reports. So that's the crazy thing. I mean one as as an investor in micro strategy if you're a shareholder you have to be really happy on here net news but another hand you gotta put things into perspective of like you know. What are we doing in this industry. If we make it a whole lot more of that industry and i think that michael sailor in recent interviews since has even express that he does want to integrate actual bitcoin products of bitcoin business business models into the actual business of because of that but but speaking about the price because that has really skyrocketed recently a today it actually dropped back down i think west notching five and now it says seventeen something i do believe or may sixteen. Not sure but is this. Is this. just a natural. pull Ah correction a profit taking and we're gonna go back up to that nine hundred twenty ranger or is this a market correction and this is where we should have been of the whole time. Everything i don't know. But i i'm acting as just the direction stats yesterday. Like.

michael sailor Dorsey miami jack
"michael sailor" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

01:59 min | 1 year ago

"michael sailor" Discussed on The Peter Schiff Show Podcast

"And this is what sailor said which makes absolutely no sense to me. Which i think again just shows it. He's just shilling for bitcoin. And i know. He's the hero now of the bitcoin humidity because he's ceo. That's making this. Big bat was shareholder money on bitcoin and so far know it's helping his stock price. But you know you live by bitcoin. You die by. Bitcoin and the stock price is going to tank a when bitcoin comes down but i don't think he's being genuine. I think he's being disingenuous because his argument against gold makes no sense. What michael sailor said. The reason that he was not buying gold is that minors are producing more gold. And therefore the supply of gold is not fixed that there's going to be more gold in a year than there is now because the miners were pulling it out of the ground and so therefore he doesn't want to buy it because there's inflation in gold and he wants an asset where the supply can't go up and that's why he's buying bitcoin. But of course the supply. Bitcoin is going up. It just eventually is going to stop going up against the twenty one million but there is inflation and bitcoin right now. There are minors. they are making more bitcoin. In fact i think the supply. Bitcoin today is growing faster than supply goal. But yes i understand that. At some point you reach a cap and then there's gonna be no more at least that's what everybody says. Although who knows what happens when we actually get there if the miners can somehow agree that they're going to make more but let's just assume that that's not going to happen and bitcoin is in fact a cap. The twenty one million. This is the reason that sailor is buying bitcoin. Because there's going to be more gold in the future. And i'm not sure how many years it's going to take before we hit twenty one million i. I really don't know but that's when the supply. Bitcoin stops growing and apparently the supply of gold can always grow. But this argument makes no sense because gold has been mined for thousands of years..

bitcoin Bitcoin michael sailor
"michael sailor" Discussed on Bitcoin Radio

Bitcoin Radio

02:02 min | 1 year ago

"michael sailor" Discussed on Bitcoin Radio

"You communicate if you can code. You can run up your software that will run a million times an hour tomorrow to make money or do something if you can communicate you can do it. We just did. You can engage in a dialogue. You can post it on youtube. Maybe it gets seen one hundred thousand times or a million times. Maybe you convince fifty two thousand people to do something different than what they would have done. Well the world needs articulate communicators and the world needs very adept coders. Those are the two fundamental skills and obviously architects and designers in the middle all the producers. Put it all together. So make sure that you're in that economy and then pick a company or an organization to align with gets it that's doing something compelling excited about because if you're not passionate about it you know your your life's energy is being diverted. Life is too short to do anything you don't love and you don't care about. That's that's my advice. Michael sailor is a good guy. Should listen to you. What are you gonna be for halloween before we wrap up. Toshiaki toshi associ- do you think. Potentiate craig right ascension. I don't know. I don't wanna know i'm happy to you. Should talk to one day. He's a weird genius enough. That like i. I played a little bit. He knows you could talk about any topic. Like millisecond like not bullshit. You answers what. Thanks for trick. Yeah no we really appreciate the time and hope to get. We said we did. I didn't know we're gonna do it. Now are the fourth. We're doing until the end of the year. And i think it's the next year so appreciate the support. I'm going to send you some stuff about all the cool students suffer. Doing maybe wanna help some them. It sounds like you guys already have some other initiatives and appreciate it supported the space last.

Michael sailor Toshiaki toshi youtube craig