Michael Saylor talks about Bitcoin, and you WILL be disappointed

[Wind_FURY]

Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that.”

The conversation began with a huge letdown. I had asked Michael Saylor what could motivate greater institutional investment in Bitcoin—after all, if Bitcoin is going to the moon, we’re gonna need a lot of deep pockets to climb on board.

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

https://www.btctimes.com/insight/michael-saylor-on-bitcoins-next-billion-hodlers

Is this the same person who was telling everyone about appreciating the power of Bitcoin because he experienced having $1,000,000 of his own money locked in Argentina with no way to send it out of the country? Didn't he need censorship-resistance to send that money out?

Plus it's understandable that the largest Bitcoin HODLers should not say anything that might get them and their investment in some inconveniences, but actually saying the censorship-resistance is a "bad idea"?

Remove the "Chad", just "Saylor", he is not a friend to the Bitcoin community. He doesn't support its ethos.

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[Helena Yu]

You need to check the date, it was published on December 4, 2020, it's already three years.

I check his recent tweet, he's still supporting Bitcoin.

Own the asset, not the liabilities. #Bitcoin

Actually I don't really care with any influencers, he might change his view and support privacy concerns, just like how he hate Bitcoin and now he already own many Bitcoins.

[nutildah]

Saylor is an extremely shrewd businessman who, like many other megalomaniac CEOs, is obsessed with obtaining as much wealth and power as he can before he dies. And that's it: that's what he wants to do with his life. He will say or do anything for the sake of making a dollar, and I doubt he actually holds many convictions.

Its fine to root for Saylor as a voice for Bitcoin to help number go up, but all the simping for him I've seen over the years makes me nauseous. I wish bitcoiners would think for themselves & stop idolizing this type of behavior.

https://www.bloomberg.com/news/articles/2023-03-02/microstrategy-s-mstr-saylor-loses-motion-to-dismiss-income-tax-suit

[avp2306]

Actually I don't really care with any influencers, he might change his view and support privacy concerns, just like how he hate Bitcoin and now he already own many Bitcoins.

Although this is old news we can expect this to come up on the mouth of huge bitcoin accumulators since this is how they create some news so they can manipulate the mind of the people following them. If we really don't give any damn on statement they are saying and just forget about what possible actions they wanna do then for sure it cannot create any impact to the market and we can't change those people to always think positive even at this point where bitcoin is so strong since for them having bitcoin is just an invest so they will do anything they can to take advantage of everything and possible to take advantage on possible news that they can create.

Lets value all the positive news they release but ignore those possible negative approach they create since for sure they just want to stir up something and spread negativity so that they can possibly move bitcoin at the lowest price so they can accumulate more of it at cheaper price as they can.

[naira]

Own the asset, not the liabilities. #Bitcoin

Actually I don't really care with any influencers, he might change his view and support privacy concerns, just like how he hate Bitcoin and now he already own many Bitcoins.

Some investors are quite active in expressing their motivation to encourage others to become aware of Bitcoin. I appreciate that. However, other things like idolizing him are definitely not my type. In this case I am neutral and do not care whether those words apply to him or whether Saylor is currently the largest investor in Bitcoin. He was a businessman and as long as the money he spent had significant profits, then so far he had only seen one side.

[wallet4bitcoin]

You need to check the date, it was published on December 4, 2020, it's already three years.

I check his recent tweet, he's still supporting Bitcoin.

Own the asset, not the liabilities. #Bitcoin

Actually I don't really care with any influencers, he might change his view and support privacy concerns, just like how he hate Bitcoin and now he already own many Bitcoins.

The honest truth is, all these people peddle fake news as influencers to get better entry and once they're in, they start pushing it again.

I take whatever influencers says about Bitcoin with a grain of salt. They have no love for the technology but just to make money off it. Whatever you're building isn't their concern, as long as they make money, anyone else can burn. They have no moral values towards it. I can't depend on such a person to give me the right opinions.

[Lucius]

Why would I be disappointed by anything Saylor or anyone like him says? I don't want to go into whether he invested in Bitcoin because he thinks it is something unique and superior, or if he just wants to earn a few billion more dollars (because everything revolves around profit). If today Saylor were to dump all the BTC he bought in the last few years, should that mean we should all sell and forget that Bitcoin even exists?

If we're going to talk about disappointment, why go back only 3 years, maybe we should go much further so we can be "disappointed" much more

[apogio]

I am not disappointed by what Saylor or anyone says. I like Michael Saylor because he has a very clear mind in general. He is an engineer and has a strong fundamental knowledge over Bitcoin in terms of energy consumption, which is exactly what makes Bitcoin valuable.

I have seen people changing opinions in regards to bitcoin. The more you learn, the more you understand Bitcoin.

Finally, Saylor is a businessman, so don't forget that anything he says can also be driven by that fact.

[Dunamisx]

Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that.”

The conversation began with a huge letdown. I had asked Michael Saylor what could motivate greater institutional investment in Bitcoin—after all, if Bitcoin is going to the moon, we’re gonna need a lot of deep pockets to climb on board.

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

https://www.btctimes.com/insight/michael-saylor-on-bitcoins-next-billion-hodlers

Is this the same person who was telling everyone about appreciating the power of Bitcoin because he experienced having $1,000,000 of his own money locked in Argentina with no way to send it out of the country? Didn't he need censorship-resistance to send that money out?

Plus it's understandable that the largest Bitcoin HODLers should not say anything that might get them and their investment in some inconveniences, but actually saying the censorship-resistance is a "bad idea"?

Remove the "Chad", just "Saylor", he is not a friend to the Bitcoin community. He doesn't support its ethos.

Those that i pity most are the ones that always follow Michael Saylor back to back and took him as their role model, this man have always been sitting at the fence, sometimes you will find him talking well about bitcoin and making investment in it, while some other time you will still be surprised seing him talking as if he wasn't the same Michael everyone knows, what i can say about him is that he always seeks tractions through social media appearances and must be doing all these on purpose.

[Charles-Tim]

Remove the "Chad", just "Saylor", he is not a friend to the Bitcoin community. He doesn't support its ethos.

If you want to know how enthusiastic Micheal Saylor is about bitcoin, just follow him on X (formerly known as Twitter) and see what he is tweeting. He is always tweeting mostly about bitcoin and how it is better.

Since when I have known Micheal Saylor in 2020, when he compared bitcoin with gold, he has been investing and encouraging people to invest in bitcoin.

[SquirrelJulietGarden]

Why would I be disappointed by anything Saylor or anyone like him says? I don't want to go into whether he invested in Bitcoin because he thinks it is something unique and superior, or if he just wants to earn a few billion more dollars (because everything revolves around profit). If today Saylor were to dump all the BTC he bought in the last few years, should that mean we should all sell and forget that Bitcoin even exists?

People can change their minds and businessmen can change their minds very quickly. People who are experienced in financial markets don't publicly tell you what they are doing. When they tell you about that, they already did something before that, secretly and only let you and the crowd know when their plan is mostly done and they want to go to a net phase, hype the market and take profit.

Saylor said many times that he will not sell Bitcoin but is it realistic to believe him?

He and MicroStrategy did not buy Bitcoin like their jewelries and consider Bitcoin as what they will bring down to earth when they die. They bought Bitcoin to take profit, enrich their wealth so they will take profit in future.

[Lucius]

~snip~
People can change their minds and businessmen can change their minds very quickly.
---
Saylor said many times that he will not sell Bitcoin but is it realistic to believe him?

Saylor and his company are specific because they don't hide that they invest in Bitcoin, and I'm sure there are those who do it in secret for various reasons, whether it's that they want to protect their privacy or maybe in the past they spoke very ugly about BTC, and they don't want to admit that today they think differently.

Regardless of the fact that some consider Saylor a very smart man with business sense - it is hard to imagine that 10 years ago he was quite pessimistic not only about Bitcoin, but also about online gambling. Even then, he was an adult with enough knowledge to understand that people will always gamble, as they have been doing for thousands of years.

Of course, it is not realistic to believe that he will never sell the BTC he bought (and is still buying), but maybe he will sell only a part when the price is such that he will be able to return his total investment, and at the same time he will still have enough BTC left.

[tbct_mt2]

Of course, it is not realistic to believe that he will never sell the BTC he bought (and is still buying), but maybe he will sell only a part when the price is such that he will be able to return his total investment, and at the same time he will still have enough BTC left.

Saylor is doing Dollar Cost Averaging for buying Bitcoin and he will apply DCA for taking profit his bitcoin too.

I agree with you that he is smart enough to not dump all bitcoins he has on the market with one order or within one day or a couple of days. Doing DCA for exit price will help him to get better profit by don't have to find market tops and can avoid panic on the market because of selling pressure from Saylor and Micro Strategy.

(SSS) - A Sane and Simple bitcoin Savings plan.

SSS plan looks good for Saylor to take profit.

[Faisal2202]

You need to check the date, it was published on December 4, 2020, it's already three years.

I check his recent tweet, he's still supporting Bitcoin.

I was also confused for a bit because the latest video (interview) from Michael Saylor was three days ago and in that video, he did not say anything bad about decentralization or BTC. I also searched the quotes of Saylor on the internet but they did not show up, At first I thought, the OP had mistaken it, but to be honest I don't trust the new website, as the BTCTimes website has few visitors (less than 50k).

I think Op might have come to know about this news from this tweet of Paul Sztorc:
https://twitter.com/Truthcoin/status/1716674000938512681
As this post is only 1 day old. Well, thanks you for confirming the date, as I did not notice the date in the first place. Overall, you have already said to OP that Saylor has supported the BTC maybe back then he doesn't but the present and the future that most matter.

[franky1]

though many comments are repeated from years ago
salyors game for years is to think of his favoured subnetwork as the payment/currency network, where as thinking the bitcoin network as just the reserves settlement/audit network

[hugeblack]

Saylor was not the first investor to change his orientation because he found a way to achieve more profits, and he will not be the only one. In the history of Bitcoin, we have witnessed people who were enthusiastic about Bitcoin and suddenly changed everything for the sake of profits. For example, we have Roger Ver.
In short, look for ideas that you believe in and invest, and do not invest because someone thinks that Bitcoin is good.

[franky1]

Saylor was not the first investor to change his orientation because he found a way to achieve more profits, and he will not be the only one. In the history of Bitcoin, we have witnessed people who were enthusiastic about Bitcoin and suddenly changed everything for the sake of profits. For example, we have Roger Ver.
In short, look for ideas that you believe in and invest, and do not invest because someone thinks that Bitcoin is good.

he invests in bitcoin, but hypes up a subnetwork. yet he does not hold substancial % of his hoard as liquidity locks in the promoted subnetwork to show he trusts his value to be locked in the subnetwork.. so what does that really say about the subnetwork he prefers people to use for payments

[Z-tight]

I don't know why you've brought this old post up, from 2020. If you post about public figures who think BTC doesn't have any value, the community would oppose such ideas, if you post about public figures who praise BTC, the community would appreciate them for their understanding of the network, that would always be the reaction because this is a BTC community. Michael Saylor was in the first category of people above, before he changed his ideas about BTC, and he is free to do that.

I feel that since people can change their ideas at anytime, we should not dwell on what public figures say or do about BTC, for example Tesla were accepting BTC at one time, then they stopped saying nonsense about BTC destroying the enviroment. If you understand the BTC network so well, you'll not be disappointed or care about what anyone says.

[yudi09]

You need to check the date, it was published on December 4, 2020, it's already three years.

I check his recent tweet, he's still supporting Bitcoin.

Own the asset, not the liabilities. #Bitcoin

-snip-

What is known about Michael Saylor today is that he is an entrepreneur who continually says Bitcoin is great. Saylor always explains the greatness of Bitcoin at various events he attends.
My assessment of Saylor is the same that he is a person who always supports Bitcoin as a savior of currency value.

If Saylor's report was disappointed with Bitcoin which was published three years ago, perhaps he was playing a drama or he at that time did not understand bitcoin like he does now, who always continuously expresses support for bitcoin.

[un_rank]

...we should not dwell on what public figures say or do about BTC...

I totally agree with this. Bitcoin does not care about who holds it nor does it have an entry barrier to accommodate the rich. It only recognizes the data and ensures that data is immutable.

People who hold bitcoin also should not care who else is holding and should not allow anyone else determine their decisions made. Check the data which is publicly available and make a decision on it. Someone being rich enough to buy a bunch of bitcoins and influential enough to make a public show of it does not mean you should take advice from them.

Do your own research!

- Jay -