Michael Saylor Has Back and Forth With George Gammon – But Ummm… Yea… Micheal Saylor did say, “Mortage your house and buy Bitcoin.” – December 9, 2022,
ZIRP, also known as Zero Interest Rate Policy, created a tech boom; a lot of people imagine ZIRP and QE(Quantitative Easing) infinity. Because of this, you had “experts” like Micheal Saylor, who, I’ve stated countless times, sounds like a Network Marketing Salesman, saying any-and-everything to pump up the price of Bitcoin. The video below is when Micheal Saylor famously said “Go mortgage your house and buy Bitcoin with it.”
“Go mortgage your house and buy Bitcoin with it.” | benzinga.com
Not enough for you? Ok, fine, well, below is a video in which Saylor definitely does not deny he made the statement, in fact, the title of the video currently found on Youtube remains the same to this very day. The funniest part of the video is near the end, in which Saylor is talking about fiat currency, oddly enough he starts off at around $60,000 and ends up near $10,000, and if you’ve been watching the price of Bitcoin as of late, the price has declined from $60K to around $17k as of the time of this post.
“Mortage your house and buy Bitcoin.” – Michael Saylor | London Real
I’m a petrodollar believer, meaning that I believe the market believes oil backs the currency, and the current currency of choice for the markets is the U.S. dollar. With that said, I don’t think the Federal Reserve or central banks are as powerful as they think they are. The reason the markets pick the U.S. dollar is that it’s the LEAST political currency in the world.
There is, ofcourse, a Eurodollar market, which allows the U.S. dollar to rise and fall without the U.S. government having much control over the process. The next currency of choice is, ofcourse the Swiss Franc, and the Swiss central bank engages in policies to keep its currency from the grasp of the markets; I laugh at people who think the Euro will replace the dollar; the Euro is one of the most politicized currencies on planet earth, and is a reserve currency in NAME only.
What I’m getting at here is that there is currently a war on fossil fuels, and this stupid war on fossil fuels is causing consumer price inflation all over the world, meaning it’s costing consumers more money to purchase fewer goods, which also equates to government VOTE BUYING schemes yielding more minuscule results moving forward.
We’re entering into an era in which people are going to want PHYSICAL stuff and will likely DISCOUNT digital goods, including Bitcoin. The petrodollar is stronger than the central banks, meaning that even if the central banks return to QE and ZIRP, the likely outcome will be consumer price inflation ACCELERATING as more consumers will have more money to buy what is becoming SCARCE resources—-Think-SHORTAGES.
Why this matters to believers in Bitcoin is that all digital assets might be seen as WORTHLESS if they offer no real-world PRACTICAL use for the consumer. Bitcoin miners for example, agreed with Micheal Saylor, and many of them might be headed for some challenging times in 2023.
Going into debt for capital gains? I’ve never liked that strategy; I’ve always been a buy-and-hold dividend investor; I like to own PHYSICAL things from companies willing to pay me to hold a piece of their company. Time is money, as they say, and if I have to watch the “value” of stock go up and down, I should be compensated for waiting; it’s only fair, right?
Also I like market crashes because there are a lot of impatient people in this world who will sell good companies for a multitude of reasons, allowing vultures like me to buy good companies on the cheap. A lot of the dividend payers I bought, I purchased during economic downturns, and the stock is already free, as I typically buy to sell a portion for capital gains.
Saylor sold people on buying capital gains, and currently, those Capital gains bets aren’t paying so well, but Saylor does say that you should buy and hold Bitcoin, so… well, yea!
I Just Got Into An Epic Twitter Battle w/Michael Saylor (Here’s What Happened) | George Gammon
Interesting times ahead