DISCLAIMER: We may receive a small commission for any purchases made through our affiliate links. Michael Saylor Bitcoin We Have Done The Research Bitcoin Explosion In this video, Michael Saylor explains why his board of directors is going to be paid in Bitcoin. He also asserts that Bitcoin is the most reliable store of value. Here are the highlights of the interview: Bitcoin is simple secure savings account in cyberspace. And the savings account has been yielding 200% tax-free interest for a decade, and this year, it has done more. The board of MicroStrategy was excited with the news of being paid with Bitcoin. If you have $200,000 in cash, and you convert it to Bitcoin, depreciating about 30% a year. This is still far better than a bank savings account. MicroStrategy employees were enthusiastic about it. The next step for the company is to roll out Bitcoin on-ramps and a Bitcoin savings account. Any employee that wants to diversify can put the money into the company's stock. But putting it in Bitcoin will make it appreciate. If you'd asked any company in February 2020 about Bitcoin strategy, the management might not be able to give you a correct answer. But now, everybody knows about Bitcoin. If you're buying low-yield bonds, you're getting 0%, meanwhile, the money supply has expanded by 20%. This ⁿshows your purchasing power is falling by 20%. So this breaks people out of their traditional patterns. MicroStrategy went through the process of considering everything, and the board finally decided Bitcoin was the strongest Treasury asset that they could find. If you have $100 billion worth of cash, and it's yielding zero, you're losing 20% of its value a year. So, it's a liability. You can flip it to an asset if you convert it into something which is going up 200% a year. Meanwhile, Bitcoin has been rising 100% a year but it went up 800% last year. Bitcoin is a trillion-dollar asset going up to $1 trillion. If you enter now and convert your cash, which is depreciating into an appreciating asset that is appreciating, to create a positive value. Tesla made more money in six weeks following its announcement that it would accept Bitcoin for payments. Money has two components. The first is the currency component, which is a medium of exchange and a payment network. And the second is an asset component, which is a long-term store of value. People use the dollar as a medium of exchange, and they use the debt, ETF, and index funds as a store of value. Thanks For Watching Our Video ? Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Welcome to "Savvy Finance ? This channel is all about being savvy with your finance ?. We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA and other altcoins. ? We do a lot of research to bring you valuable and useful information, as well as sharing videos from many experts, including Michael Saylor, Raoul Pal, Charles Hoskinson, Max Keiser, Stacy Herbert, Cathie Wood, and many others. ?‍?. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ? Video footage and Background music: all video footage and background music used is either licensed through either CC-BY or from Videoblocks #bitcoin #cryptonews #michaelsaylor ? FINANCIAL DISCLAIMER This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action. Never buy a crypto just because you see a YouTuber talking about it. Always do your own independent research before investing in any coin. For transparency, our crypto portfolio comprises mostly bitcoin, cardano, ethereum, and xrp.