Guy's Take - The Dominoes are Falling [#30]

August 14, 2020 00:56:05
Guy's Take - The Dominoes are Falling [#30]
Bitcoin Audible
Guy's Take - The Dominoes are Falling [#30]

Aug 14 2020 | 00:56:05

/

Hosted By

Guy Swann

Show Notes

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence of its superiority as an asset class for those seeking a long-term store of value." - Michael Saylor

These are the words of the CEO of MicroStrategy, an enterprise analytics firm that has made a huge investment into Bitcoin, not truly as a speculative avenue, not as a small allocation in order to gain exposure to its potential upside, and protect from downside risk, and not as a means to provide a service for the industry or change their business strategy. They have purchased 21,424 bitcoins after an analysis of the global macro environment, the failing faith in the fiat financial system, and in seeking a long term store of value with significant growth potential.

They have looked at their treasury and compared their options, to either hold the mighty US dollar (the current global reserve currency) or Bitcoin (the most secure, independent digital currency) and have decided that the principal holding of their treasury reserves, would be safer in Bitcoin.

The Dominos are beginning to Fall

Check out the Fidelity article mentioned in this episode to dig further:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_183---Custody-in-the-Age-of-Digital-Assets-Fidelity-Digital-e2ndoi

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

February 11, 2023 00:46:11
Episode Cover

Read_699 - What is Nostr? How Does it Work? And Why Does it Matter? [BTCtimes}

One thing to make abundantly clear: Nostr is a protocol. It’s a set of rules that servers and clients use to communicate (just like...

Listen

Episode

April 22, 2019 01:09:54
Episode Cover

CryptoQuikRead_238 - How to Scale Bitcoin Without Changing a Thing [Part 1 - Nic Carter]

"I believe that institutional scaling presents an under-appreciated scaling vector, and it is quite possible to employ it without significantly compromising Bitcoin’s assurances." Don't...

Listen

Episode

July 04, 2024 01:33:00
Episode Cover

Ai_029 - New Tools and Major Moves in AI

Open AI signals that they are the surveillance leviathon we suspected they always were. Anthropic's Claude 3.5 may be even better than ChatGPT. I...

Listen