Michael Saylor discusses why we are still early on Bitcoin. Today, the market cap of bitcoin has grown to be more than $700B, and he says it is too big to fail now. Still, 99% people don't understand it as an asset class. Later, I discuss how all the world currencies are failing to function as store of value, and what this means for bitcoin.
0:00 Michael Saylor's Regret
0:21 99% are in Alternate Assets
0:40 Less than 1% is in Bitcoin
1:00 The Problem
1:29 U.S. inflation rate is at least 10%
2:26 Assets are valued on the discounted cash flow
3:10 Everybody's Problem
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