"Most People Have No Idea What Is Coming" — Michael Saylor's Last WARNING

I have said before and I would repeat it again if it's not going to zero it's going to a million it's either nothing right if it's nothing then it's getting scrubbed out and banned and of course we now know that it's not getting banned right there's no way that Fidelity Citadel Black Rock Charles Schwab deuts Bank credit agricol banko Santander all decide they're interested in this right they're not endorsing a tulip bulb right so once you go from 0o to one then the question is okay well it's an asset class if it's not going away

then what's it worth well it's worth 1% of the Assets in the world so 1% drives it up by a factor of 10 to 20 right once you get to a 1% exposure the recognition as an asset class is a big deal the availability of a spot ETF is a big deal the normalization of accounting via fair value accounting which is the fby initiative is another big deal and then the Havoc is a big deal so those are four pretty serious Milestones that we're staring at right now and I think Wall Street and the general

Community is kind of just internalizing this all in a short period of time and that's why the bullish Outlook so you're a normal person and you want to save money for retirement or to give to your kids so you put in the savings account you get 5% interest the monetary inflation rate is 7 or 8 or 9% you got a negative real yield of 3% if you end up with a negative real yield of 3.5% then over a hundred years a million doll saved is worth $30,000 okay and so for the average person saving money

in bonds with a 3 and a half% or 4% interest rate when the currency expands at 7 or eight that's a losing proposition you lose 97% of your wealth over the course of three generations so clearly bonds they don't work right and savings accounts don't work so the next question is do I just put all my excess money in the S&P index well traditionally the money supply in the US is expanding at 7% and the S&P index is going up at 7% so if you save a million dollars over the course of your life and

you put it all in the S&P index then in a 100 Years it'll be worth a million dollar so that's wealth preservation but you're not doing any better than that and that just kind of assumes that the S&P 500 is going to be relevant for a 100 years and you can stick around the country but it's like Treading Water the next issue is well so what I put in real estate if you buy real estate you're an average person can you buy a building probably not can you buy a warehouse not easy maybe if you're

a rich family you buy warehouses right Rich families buy warehouses city blocks and buildings but the middle class person doesn't so how do you buy $4,000 worth of a building can't okay so the issue there is your property rights are inferior when you're buying shares of stock or security versus the underlying property if you own the building you can mortgage the building sell the building upgrade the building you know build 10 floors above the parking lot that the building has you can develop the building when you own a share in a Reit that owns the

building like you own one 100 of the building you don't have any of those rights you can't do anything to the building you're just along for the ride getting 1/100th of whatever cashh flow the general partner decides to distribute to you and if they make stupid decisions you're stuck with them right you don't have any property rights you're inferior in your economic rights so owning shares of a Reit to get property for 100 years not a great idea and that leads us to the problem of sec ities what is the problem of security so you

have some money you invest it in Apple stock or Amazon or Facebook or Google or reap that own's building the diluted problem with Securities is there are risk factors first of all there's a management team they're going to take 1% every year they're not doing it for free they're charging you to manage the company or the building right and if you're lucky that's only 1% you want to see that in action just go look at any ETF the ETFs charge 90 basis points you know if you want to put money into a Bitcoin Beto or

whatever they'll charge you 90 basis points just as the management fee so about 1% what's the cost of 1% over the course of a lifetime an infinite duration asset you would basically multiply by 20 25 so it means that when I charge you 1% to manage your million bucks I'm taking 20% of your money okay I'm taking 20% of all your wealth to charge you 1% so that's only the first problem it turns out that when you run a company you also have the risk of Labor right your company May unionize so you've got labor

expenses and what happens to the equity value when the company unionizes well the union just takes all the profits and the equity values of those companies start to Trend toward zero so labor is another risk the third risk is your competitors right your competitor may come up with a better product and you end up like Yahoo squeezed out or AOL squeezed out by Google well then your Stock's going to zero right I mean how many companies actually had a competitor Xerox Kodak world's full of great companies where are they today they end up getting squeezed

by competition the fourth issue is technology you may just get obsoleted right maybe you own natural gas fields or oil fields and someone creates nuclear power plants and they don't need your oil anymore or maybe you sell the world's greatest chemical cameras and people don't need cameras anymore they have digital cameras there's always that kind of risk from technology then there's execution maybe you just don't ship the iPhone 47 to be that good right maybe the iPhone 13 is good and the iPhone 15 is not good right and you know and the world's full of

examples of that like Firestone tires or something and I ship a tire and the tire blows out and now people stop buy my tire or New Coke remember New Coke is a product launch that didn't work out well so when you're investing in a company you're not just getting a pure investment you're actually getting an investment in an asset but you're getting hammered and diluted by forch majure by you know bad weather you might get a war you might get a tariff or a trade War like we just decided to put a tariff of 20%

on all Chinese Imports oops if you had a factory in China what happened there and then maybe get a real war where someone just impounds your ship or blows up your factory that happens too we have real Wars all the time so what's the return on the S&P index 7% a year what's the monetary inflation rat 7% what's really happening well all these companies they're just barely holding their wealth and so what would happen if I got rid of all those risks what if I could buy a product that was never going to obsolesce that's

good for a million years what if there was no management team and they worked for free right what if the product is run by computer programs that don't charge a fee what if there's no labor what if it's a digital product so there is no chance to block it via a trade war or destroy it via real war what if it was an indestructible Immortal Incorruptible product when you buy a Bitcoin you're buying 121 millionth of all the money on the network or all the money in the world that's ever going to be on that

Network okay so would you want to own 121 millionth of all the money in the world in 10 years 20 years 100 years 1,000 years 10,000 years the product is not obsolescent It's 121 millionth of everything you see the I phone will obsess one day you'll be using Apple Vision or maybe they'll put a telepathic implant in your brain and you won't need phones and you won't need goggles maybe you won't need televisions those things can obsolesce but will you want 121 millionth of all the energy in the human race probably like the whole point

of cure energy right Einstein said energy can neither be destroyed nor created you can just transform it right it's a pure idea and it's an idea that doesn't have competition because of the Immaculate Conception there's one Bitcoin there's one network that was created by a nameless Anonymous figure Satoshi and Satoshi gifted a million coins to the universe never ran an Ico never kept anything from a pre-mine and the network now is just owned by the people so how do you actually compete with that you know it's hard to see how you compete with a pure

thing like that so it's a digital Monopoly with no labor risk no war risk no product risk no execution risk now there is execution risk that takes place so you have to set up Bitcoin Miners And if you set up a Bitcoin minor in China and they shut down Bitcoin mining the miners lose money but you don't lose money as the holder right so it's like the perfect monetary franchise all of the work to improve Bitcoin is done by the miners by the Bitcoin device Builders by the Bitcoin Banks right you know block fine Celsius

can fail but if you're holding Bitcoin and Cold Storage you don't fail right the hardware company can fail but you don't fail and so if you study business let's take McDonald's McDonald's is a great business but the reason they're a great business is they don't really take that much risk all the franchises take the risk and so it's possible for every restaurant to lose money in the McDonald's chain and the McDonald's corporation still makes money because they've laid off that risk Downstream other people risk their Capital so Bitcoin is kind of like this viral ultimate

banking monetary franchise where banks will take risk miners will take risk individuals will take risk companies will take risk when the risks pay off the Bitcoin holders benefit and when the risks don't pay off the people that took the risk pay the price but the Bitcoin just continues it's very anti- fragile so coming back to your question right what how's the middle class family benefit from this well Bitcoin represents pure digital property Global property it doesn't have the dilutive elements of a security it doesn't have the dilutive elements of a currency or credit instrument or

debt instrument it doesn't have the dilutive elements of property right you want to buy a second apartment in Airbnb okay well fine you know someone may come move into it and trash it you may have a rentor that doesn't pay the bill you may get rent controlled by the city you may actually have a tornado hit it and trash it you'll probably get a property tax on it from the city maybe from the county maybe from the state maybe from the government if you ever have to leave you can't take it with you and at

some point in a 100 years the thing is probably going to have to be completely rebuilt and renovated to be usable again so property is not a great long-term store of value credit's not a great long-term store of value they're not scalable you can't buy $437 of an Airbnb apartment every 2 weeks so Bitcoin offers you Apex Global property theoretically you know if the S&P index yield 7% there's no reason why Bitcoin shouldn't appreciate about 14% in that environment I think you get about a 7% real yield over the course of a 100 years whereas

S&P index gives you 0% real yield the best you can theoretically do with real estate property is maybe a 2% real yield if you're just really good at it but there are just so many risks you know will your grandson or granddaughter be able to run the family property portfolio no matter what country they live in and are you sure that any of 10,000 politicians aren't going to pass a law to destroy your property values sometime in the next 100 years think back from 1900 to the year 2000 and now imagine that you own a

bar of gold in the bank in your city what's the likelihood that you still have it 100 years later imagine you have a building in a major city in the World Imagine you still have it 100 years later would you want to own a building in Russia in Moscow in Kiev in Tokyo in London in Paris in New York where would you want to own the building where would you want to own the bar of gold it turns out that everywhere in the world the gold got seized maybe you might have got by in Zurich

Switzerland but everywhere else you lost all your money every Bank failed every currency failed you know so your best bet is maybe you own property that they can't make more of if you're lucky enough to own if you owned a piece of property on the Gold Coast of Florida for a 100 years it went from $100,000 to $50 million good but the property taxes on it probably offset the capital gain from it if it was residential so the only way you could have actually made money owning property is if you own commercial real estate and

you generated a rent on it in excess of the taxes and the insurance and the depreciation and the maintenance it's not easy not easy to do that everywhere in the world so Bitcoin represents property rights or the right to purchase perfect property that is maintainable right it's lowc cost to maintain it's indestructible you know the rain doesn't melt it tornadoes don't destroy it and it's scalable you can buy it with your weekly paycheck so it's liquid you can sell it try selling one/ 100th of a building not so easy you want to mortgage the building

the building in Kansas City you could mortgage to a bank that deals in Kansas City real estate but if you're Turkish and you have a building in Istanbul there's only just a small number of banks in the world will give you mortgage on that the mortgage will be in L the L is losing 30 to 40% of its value a year you got a problem so Bitcoin represents Global digital property you can take it anywhere on Earth you can hold it for a 100 years in theory you can hold it for a thousand years so

you can take a very long View and how many banks will want your Bitcoin you see what's going on right now is it's a French bank that wants to custody Bitcoin there's a German bank that wants to custody Bitcoin there's a Singapore bank that wants to custody Bitcoin the banks in the UAE are getting into the the business the banks in Spain are getting into the business the banks in the US are getting into the business right and on the other hand none of those Banks want to give you a mortgage on your house in

Arkansas only a local Bank in Arkansas is going to get into that right so Bitcoin represents a pure economic asset it doesn't have the liabilities that come with Securities and other forms of property and other Commodities and it's simple and that's why it appeals to the middle class I don't have a better solution for you if you're a working person on a salary and you want to take control of your own economic destiny