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

November 05, 2024 01:01:40
Episode Cover

Read_852 - Nature's Many Attempts to Evolve a Nostr

"The server owns your data, owns your account, and owns the cryptographic keys used to secure it. That last bit is obscure, but important....

Listen

Episode

January 17, 2023 00:29:43
Episode Cover

Read_692 - A Quick & Dirty Explanation [DerGigi]

"Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn't really...

Listen

Episode

November 29, 2024 02:14:13
Episode Cover

Roundtable_004 - Nov 2024 - Trump, Hash Collisions, Court Rulings, Covenants, All Time Highs, and What We Don't Know

Guy's Roundtable gets together for another awesome breakdown. Covering all the happenings this month: Trump wins the election, new bitcoin innovations, court rulings on...

Listen