Michael Saylor also wants to buy Bitcoin for 950000 US dollars

2024-06-19

21 Rules of Bitcoin (BTC Prague 2024 Keynote)

Thousands of visitors, one message: "Bitcoin is perfect money." BTC megabull Michael Saylor spoke about his favourite topic at BTC Prague.
He presented his 21 rules for digital gold to the audience.
"Bitcoin is a paradigm shift," Saylor proclaimed. The moment when "science merges with economics", just as "medicine once merged with science" and "we realised that diseases are not caused by demons."
Bitcoin heralds a "new age of economic insight." It will "change our political and financial system forever" and the "way we think about the world."
"Everyone buys Bitcoin, at the price they deserve," says Saylor. He is referring to the moment he first discovered Bitcoin, in 2013.

He tweeted contemptuously at the time: "Bitcoin's days are numbered." The price at the time: 892 US dollars. "A big mistake."
Michael Saylor bought his first Bitcoin seven years later for around USD 9,000. "I paid the price I deserved."

Michael Saylor - 21 Rules of Bitcoin (BTC Prague 2024 Keynote)

Michael Saylor continues:

He continues: "I will also buy Bitcoin at 950,000 US dollars. Then when it's at 750,000 US dollars, some whiny person on TV will say it's overheated and overbought. They will miss it. They'll buy it at eight million US dollars. And they too will get Bitcoin for the price they deserve."
Bitcoin is the only thing in the world that "you can really own." You own everything else because someone else allows you to, the mayor, the state, the company: "You think you own it, but it can be taken away from you at any time. Through taxes, regulations or simply the passage of time."

He says: "Your currency is toxic"

Ultimately, "Bitcoin is the perfect money", says Saylor. "Your currency is toxic. We live in a world where the doctor bleeds you dry by injecting rubbish into your brain and eating toxic things. The orange pill is the cure."
A surprising rule: "Be for bitcoin, but don't be against fiat," Saylor said. "We're for one thing that's beautiful and elegant and inspiring, we don't have to be against the other thing."
MicroStrategy, the company founded by Saylor, currently holds 214,400 BTC. The company recently announced its intention to take on new debt worth 500 million US dollars in order to buy more Bitcoin.