Does anyone else find Michael Saylor a bit over-the-top?

[titular]

I love the passion that Michael Saylor shows for Bitcoin. I love the way that he helps drive this community as well as how he has helped Bitcoin shine during times of never-ending FUD.

However, I recently watched an interview with him where he discusses why he does not like to invest in ALT coins. While I understand this is a Bitcoin forum and ALT coins in general are not very well received here, I do think that his comments are a bit "narrow minded" in nature.

I do not think he is giving ALT coins enough credit for what they have actually become. These ALT coins are just that, alternate coins. They are meant to complement the crypto space by providing options to people who want or need them.

It seems to me that MS only believes in Bitcoin. While I (and I can't emphasize this enough) FIRMLY believe Bitcoin will always be around and remain one of the top cryptocurrencies, I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.

Here is the link to the interview: https://www.youtube.com/watch?v=DVYuuOw4zi4


Let me know what you guys think.

[TheVoiceagain]

i find him annoying, to say the least. He is an opportunistic hypocrite craving for attention.

Right before the bitcoin drama and decision... he was in the news for something else... "forcing staff to come in to work during covid"
Basically, not in touch with reality.

If u have used MICROSTRATEGY, their BI product, you would quickly realize it is a product from early 2000s that is made to look nicer..
 it is consistently falling behind on its core offering, given Microsoft, tableau/Salesforce, Google/Looker etc have been coming up with better and cheaper alternatives that give far more value for the price.

This immediately meant Michael and his firm were going to eventually go away (as they are fundamentally dependent on one product) and without innovation he wouldnt survive... So innovation he does, not on the product, but his stock price.

By investing into BTC, expected to grow exponentially in the future, he is better on his firms valuation going up XXX times... Essentially, his stock now is an ETF for Bitcoin, as the product itself has no value, it derives its value from Bitcoin, its primary investment now.

Everytime  you move your cash reserves into investments, u are potentially starving your business from reasearch and innovation which costs money. i guess right now he is focusing on image building, as much his reputation was ruined post the covid fiasco, he is seeing this as a saving grace.

[titular]

i find him annoying, to say the least. He is an opportunistic hypocrite craving for attention.

Right before the bitcoin drama and decision... he was in the news for something else... "forcing staff to come in to work during covid"
Basically, not in touch with reality.

If u have used MICROSTRATEGY, their BI product, you would quickly realize it is a product from early 2000s that is made to look nicer..
 it is consistently falling behind on its core offering, given Microsoft, tableau/Salesforce, Google/Looker etc have been coming up with better and cheaper alternatives that give far more value for the price.

This immediately meant Michael and his firm were going to eventually go away (as they are fundamentally dependent on one product) and without innovation he wouldnt survive... So innovation he does, not on the product, but his stock price.

By investing into BTC, expected to grow exponentially in the future, he is better on his firms valuation going up XXX times... Essentially, his stock now is an ETF for Bitcoin, as the product itself has no value, it derives its value from Bitcoin, its primary investment now.

Everytime  you move your cash reserves into investments, u are potentially starving your business from reasearch and innovation which costs money. i guess right now he is focusing on image building, as much his reputation was ruined post the covid fiasco, he is seeing this as a saving grace.

Excellent response! I think that he will continue to do plenty of good for the crypto-space in the years to come. I just think that it hurts his credibility in regarding to understanding cryptocurrency when he says things like he says in this interview.

On a side note.. Have you ever watched any of Michael's interviews including this one? I do not think that he is the most well-spoken of a person and does not convince me as being knowledgeable in cryptocurrency. I once heard him say, "Bitcoin is protected by a wall of energy." Which, given the context he was using it in, was completely absurd. If he is going to be on all of these podcasts and talk-shows, he needs to be able to present these ideas in an appealing way. 

[hatshepsut93]

I don't have any problems with his Bitcoin maximalism, it's a normal stance in this market. The burden of proof lies on altcoins, they need to prove that they are indeed useful like they claim, that they have millions of people using their unique features that other coins don't posses.

What I don't like about Saylor is his cringy BTC promotion tweets, makes him look like some cult leader. If I didn't know about BTC and saw people like Saylor promoting it, I'd stay away. Also, his recent actions with Musk and miners really makes you doubt if he understands and shares Bitcoin values or not.

[aoluain]

Lets face it MS has brought awareness of Bitcoin to more investors in the last 8 months or so.
His methods of explaining what Bitcoin can do are different and I havent heard anyone
use the analogies he uses before. I actually think he has quite a high understanding of Bitcoin,
how it works and what it provides, nobody has said these things before so we can commend him
for that.

The other side of that is a lot of institutional investors have entered the space and bought
vast amounts of Bitcoin and literally taken them off the market fuelled by MS Bitcoin awakening's

[GreatArkansas]

It's normal for me. There is a lot of Bitcoin maximalist that is only believed and don't want to touch other altcoins. So, we can't force them to invest in altcoins.
Michael Saylor knows what he is doing, those billions will not be invested in Bitcoin if he really doesn't into Bitcoin. Bitcoin is already proven since the beginning.

[Kemarit]

LOL, we should have a poll on who is the most hated between Saylor and Musk.

At least Saylor has walk the talk, unlike Elon's who is pure of  shit lately as he becomes anti-bitcoin. So it really depends on how you look at both of the two, and you can expect it from Saylor as obviously he has a lot of investments on bitcoin and other cyrpto related thingy. And I think he is just countering those arguments about Bitcoin. So if you got annoyed from Saylor then ignore him simply as that.

[titular]

I don't have any problems with his Bitcoin maximalism, it's a normal stance in this market. The burden of proof lies on altcoins, they need to prove that they are indeed useful like they claim, that they have millions of people using their unique features that other coins don't posses.

What I don't like about Saylor is his cringy BTC promotion tweets, makes him look like some cult leader. If I didn't know about BTC and saw people like Saylor promoting it, I'd stay away. Also, his recent actions with Musk and miners really makes you doubt if he understands and shares Bitcoin values or not.

INCREDIBLY cringey! Watching some of his rhetoric trying to explain/promote Bitcoin is god-awful to watch. If I was not a seasoned vet I would think exactly what you said...some cult leader type nonsense. He is not the man I want promoting Bitcoin at the level that he is.

[yazher]

It's normal for me. There is a lot of Bitcoin maximalist that is only believed and don't want to touch other altcoins. So, we can't force them to invest in altcoins.
Michael Saylor knows what he is doing, those billions will not be invested in Bitcoin if he really doesn't into Bitcoin. Bitcoin is already proven since the beginning.

Yeah! there are lots of them that don't generalize every cryptocurrency out there, every time they talk about it, they just being specific with bitcoins. Anyway, there's nothing wrong with that as long as they don't slander bitcoins without even knowing the basics of it. some other people that are famous in socmed always have their own opinion for everything especially when the time bitcoin is all the topic all around the internet in the recent months.

[mk4]

Dude knows his shit, but he's pretty cringe a lot of times and gives out pretty bad advice. There's this one frequently-memed-out video[1] where he says "take all your money and buy bitcoin, then take all your time and figure out how to borrow more money and buy bitcoin", which is definitely some dangerous advice for the masses.

[1] https://twitter.com/AutismCapital/status/1399778042554183683

[Anonylz]

He is entitled to his opinion, regardless it doesn't stop the growing of alts, agreed there are thousands of not worthy alts in the market but there are some reasonable few that actually has something to contribute to the crypto space and make it a lot better and fun, he is a btc maximalist and may never be swayed into believing in what some alts has to contribute to the space.

[electronicash]

he isn't BTC max, MicroStrat as far as I know also has ETH on their spreadsheet. but there is nothing wrong with being maximalist because after all, we all know BTC is the one and the altcoins are just options for investors.

what someone might not like what Micheal Saylor is doing like coordinating with Elon about this BTC Mining Council because ultimately this will be taken over by the regulatory body.  whatever they are doing could lead to any BTC address we have will be censored because the BTC we got are not mined by environment-friendly energy.

[FinneysTrueVision]

He can be annoying but I really don't pay much attention to influencers. A lot of people seem to worship these kinds of people like Saylor and Musk. Just because they are rich and successful doesn't make someone infallible so we shouldn't give them more importance just because of the wealth they have.

[Darker45]

At least to me, it appears as if Saylor is creating hype around Bitcoin rather than promoting Bitcoin as it is. It is actually more of shilling Bitcoin as if it is the answer to everything rather than arguing the hard on-the-ground reasons why Bitcoin is the best alternative we have. The exaggeration is really cringeworthy. It adds to the cultish characteristic of Bitcoin espoused by the maxis.

But, of course, we have to give Saylor the credit he deserves. He's indeed a very strong marketer of Bitcoin. He's definitely convinced people toward Bitcoin.

[pooya87]

I think it is foolish to think that ALT coins are a bad investment. While some are garbage, there are way too many good projects out there to ignore.

They ARE bad investment because they are useless. Think about it yourself, when was the last time you used and altcoin? Note that I'm talking about using them not just buying and hoping for the price to go up. They are called cryptocurrency after all.
Because of this uselessness they will only be pumped and dumped which means they are good for high risk short term trading but terrible as investments.

P.S. Saylor is another asshole on the internet trying to use bitcoin to gain some publicity. I wouldn't be surprised if someday he too got involved with some arbitrary shitcoin or shittoken to make millions from its pump and dump.

[Dave1]

I don't have any problems with his Bitcoin maximalism, it's a normal stance in this market. The burden of proof lies on altcoins, they need to prove that they are indeed useful like they claim, that they have millions of people using their unique features that other coins don't posses.

What I don't like about Saylor is his cringy BTC promotion tweets, makes him look like some cult leader. If I didn't know about BTC and saw people like Saylor promoting it, I'd stay away. Also, his recent actions with Musk and miners really makes you doubt if he understands and shares Bitcoin values or not.

INCREDIBLY cringey! Watching some of his rhetoric trying to explain/promote Bitcoin is god-awful to watch. If I was not a seasoned vet I would think exactly what you said...some cult leader type nonsense. He is not the man I want promoting Bitcoin at the level that he is.

I agree at some point? But we could be the figure that we want to see to promote bitcoin? For me it would be Andreas Antonopoulos.

About Michael Saylor case though, yes, some are pure exaggeration, and we all know that he also have some narratives behind that's why he explanation has become cringeworthy.

[Poker Player]

Dude knows his shit, but he's pretty cringe a lot of times and gives out pretty bad advice. There's this one frequently-memed-out video[1] where he says "take all your money and buy bitcoin, then take all your time and figure out how to borrow more money and buy bitcoin", which is definitely some dangerous advice for the masses.

Exactly.

I have said that many times. Saylor in general strikes me as a good Bitcoin ambassador, evangelist or whatever you want to call him. Much better than McAfee, certainly. But on that point he goes overboard. It's something Frank Giustra threw in his face in the Gold vs Bitcoin debate and I think he's right.

That advice is definitely bad for the masses. It's one thing for the Rockefellers and company to use debt as another instrument of wealth but their equity to debt ratio is usually low. Instead the normal thing is that if the masses follow the advice, they will take on excessive debt and excessive debt we know where it goes.

[20kevin20]

There are many Bitcoin maximalists out there, he's definitely not the only one and I don't think it's wrong to like just Bitcoin and no other cryptocurrency. I find it the same as those guys whk only keep their fiat in a specific "safer" currency and only believe in that one's power. Not much of a difference.

It's normal for someone to only like BTC specifically due to the fact that it is the only cryptocurrency with a lot of volume and liquidity, providing tbe most widespread and the most secure blockchain to exist out there in the wild. Maximalism is a thing, and there's definitely nothing wrong in that.

[davis196]

It seems to me that Michael Saylor desperately wants the Bitcoin price to go up again,so he is doing what he can-talking bullish and spreading propaganda.
He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets.

[Lorence.xD]

It seems to me that Michael Saylor desperately wants the Bitcoin price to go up again,so he is doing what he can-talking bullish and spreading propaganda.
He isn't any better than Elon Musk,he's just on the other side of the barricade-A die hard Bitcoin fanatic,instead of an opportunistic FUDster,(like Elon Musk).I don't know if Saylor is sincere or a hypocrite.Is he just playing a role?Most of his talking is just wishful thinking,rather than a detailed analysis of the crypto markets.

At the end of the day, he is a businessman so we can be sure that he is only doing these things because it has his interests in line, if I were on his position, I would probably do the same or at the least similar to what he does because I have to make sure my interests are protected.