Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency

Michael Saylor, CEO and founder of Microstrategy, explains how he decided the publicly traded business data firm needed to put its excess cash in bitcoin and what happened afterward. In this episode, we discuss:  why Microstrategy decided to buy Bitcoin, and how the pandemic spurred that whether his previous experience with Microstrategy stock imploding after accounting irregularities were revealed had any bearing on the company's decision to buy bitcoin the reactions of the officers and board members to his suggestion to invest in bitcoin why they put all the excess cash into bitcoin as opposed to some percentage what parts of the bitcoin industry could be improved to better serve corporate interests whether Microstrategy intends to take any money off the table at the top of any future bubbles and reinvest when the price hits a new low whether it hurts Microstrategy that GAAP rules require the company to mark Bitcoin down to the lowest price it traded at during the quarter how his life has changed si