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Michael Saylor Predicts $5 Million Bitcoin (One Question He WON'T Answer) - YouTube
Channel: BitBoy Crypto
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million dollar bitcoin 2025 over under
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you know i i think it's kind of not a
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good idea to make
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forecasts like that bit swap is the
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welcome to bitboy crypto the largest
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crypto channel in all the interwebs
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my name is ben everyday on this channel
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i show you how to make money in
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cryptocurrency
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if you like money in crypto make sure to
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hit that subscribe button
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also guys if you want to win one full
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bitcoin make sure to check the video
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description
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on how to do that guys today we have
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part two of my interview with michael
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saylor
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in the first one he established he
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believes that bitcoin is the apex
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asset the world has ever seen in part
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two
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he's going to show you why he's thinking
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on a whole different level
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from the way most people view bitcoin
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and he's also
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not going to answer one question you've
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got to see to believe
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all right guys here we go let's let's
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talk about bitcoin as the apex predator
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here
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uh bitcoin as the godzilla if you will
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in the story
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uh what about other cryptocurrencies are
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you a bitcoin maximalist or do you think
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that other cryptocurrencies
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have a place and if so you know are
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there any that pique your interest
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you know my view on this is that that
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the entire crypto theory
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is the theory of a decentralized network
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where you sacrifice uh
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speed and you sacrifice performance and
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efficiency
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in order to achieve the characteristic
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of decentralization and robustness
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another way to say that is if i wanted
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to create
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a network that would allow for sovereign
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immortality i would put it on a crypto
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network so then the question becomes is
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you know
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is there space for more than one network
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offering sovereign immortality well
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i mean each crypto is like a religion so
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what is what is bitcoin bitcoin is
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crypto asset network optimized to
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provide for sovereign immortality of
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first
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layer money a bit store of value money
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digital gold
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okay are there other forms of sovereign
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immortality that you might wish to
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release
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into the ecosystem as its own religion
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to live by it's gotta you've got to be
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thinking i want it to last a thousand
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years
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mean that's the reason you do it if you
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wanted to last 10 years you just create
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a company
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if you want to you know if you wanted to
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do something
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you know that that you could do
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centrally but not in the u.s you just
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put an offshore exchange or you you know
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you go and you set up in malta or
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whatever
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the reason you're creating a crypto is
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because you want something to last for
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hundreds of years
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so i think there are other things
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privacy
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providence you know uh maybe maybe some
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form of license
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um however
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you know and and by the way uh i mean uh
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smart contracts especially d
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phi to the extent that you want to
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pursue any of these um
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these um functionalities or use cases
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with sovereign immortality in mind and
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to the extent
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that bitcoin doesn't support them right
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either if it doesn't support them in its
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base layer or through some kind of side
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chain
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then it would make sense to pursue
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another crypto
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but i would say there's a lot of people
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in the crypto industry
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that pursue um functionality on top of
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bitcoin via crypto network when in fact
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they'd be more successful
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if they simply create a centralized
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application on top of bitcoin
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yeah like i mean look you can you can
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uh provide speedy payments via square
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cash app
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yeah that's a compliant centralized
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layered two application on bitcoin
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or you can pursue it via some kind of
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lightning based
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wallet you know it's also a layer too
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and you could try to pursue it
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via a decentralized double blind
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you know layered solution such that it
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just floats
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in cyberspace outside of the control of
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any company ceo
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or government right and and
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that that has uh has a potential life
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but it's not going to defeat apple pay
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or square yeah
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right so you have to you have to figure
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out what
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niche or or what addressable market
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you're pursuing
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and then you got to actually do it the
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right way you have to do it with a truly
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decentralized crypto asset network
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it's very hard right i can i think
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that it's quite certain that bitcoin is
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a successful
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decentralized network for store of value
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i think that the entire rest of the
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crypto industry i would classify as
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venture capital
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they're all pretty much
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and if you have if you have an
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adventurous mindset and if you have
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venture capital
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and you wish to pursue those then
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it's justifiable but you need to come
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back to this observation which is
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like it's not clear to me that you need
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a completely decentralized network
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in order to enforce digital property
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rights like an nft
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right you might be able to do that on
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this you know a centralized network
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i understand why bitcoin needs to be
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decentralized because
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i get it but you know it's not clear to
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me
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that you couldn't monetize artwork you
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know using google
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or amazon as the centralized exchange so
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so you're going to have to come up with
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things that require cross-jurisdictional
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sovereign immortality to
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to convince me that the underlying
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crypto
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framework is the ideal way to do it
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otherwise you're really just a
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uh a bitcoin entrepreneur or you're
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or you're a crypto entrepreneur and
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you're working on some new thing
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you know with some new technology which
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may or may not
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work yeah i mean i think really you know
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something you said that really piqued my
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interest in another interview i watched
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that you had done
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was where you talked about the
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derivatives market and how bitcoin plays
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into that for me personally
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i think that ethereum or maybe cardano
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or polka dot uh
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probably ethereum i mean it's got the
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first mover advantage it seems to be a
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better channel
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through d5 to move the derivatives
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market so that not just
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the elite can trade derivatives but
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everybody could get access to that
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uh you know quadrillion dollar estimated
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quadrillion dollar market
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where do you see bitcoin versus another
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decentralized network in terms of
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bringing
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the you know the the derivatives market
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because i mean you mentioned 100
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trillion dollar
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market cap for bitcoin uh through
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derivatives i believe on one video
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what what is your viewpoint i think that
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uh there's a lot of you know uncertainty
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if not regulatory peril of trying to get
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into
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into derivatives trading on crypto asset
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networks because it's a regulated area
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and so you can trade derivatives on the
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cme
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yeah right yeah and uh
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and you can trade derivatives on
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centralized exchanges you can try
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all you know all sorts of exchanges
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right and they're all subject to
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regulators
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so you know like uh
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do you need uh defy in order to trade
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derivatives
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no you don't i mean there's ways to
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trade derivatives right now
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i think that um you know bitcoin is
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property
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and it's legal to own property yeah
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in the us and in europe and so
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it's there's certain clarity to owning
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something like that it's been normalized
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as property by the irs
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and by the sec and by the occ
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i think that as you get into all these
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other areas stable coins defy
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uh privacy they're all aspirational
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goals they just have a lot more
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uncertainty with regard to technology
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regulation you know and how they'll be
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interpreted
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across jurisdictions and that's what
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creates the risk
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so you know you know you you
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pursue all those things at your own
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peril yeah
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well ethereum mostly also has been you
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know declared not a security by the sec
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i mean
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there's there's a little uh ambiguity
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there if i remember correctly where
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in in one case there was president and
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then there was another that it was a
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little more ambiguous but
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that's why i think that you know bitcoin
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we're going to run into a problem
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with the scarcity being too much i mean
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if you look at how much you guys are
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buying
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how much grayscale is buying how much
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square is buying how much other funds
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are buying
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uh there's like a billion dollar or uh i
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can't remember what the number is a
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crazy number that some
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you know company from abu dhabi is is
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going to be purchasing
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and so eventually we're going to run
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into the scarcity problem because of the
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stock to flow and things like that
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but ethereum to me seems to be like the
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next place where a lot of that
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institutional and corporate money
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will be flowing into i can't really see
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i i
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i can't see there is a scarcity problem
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i mean
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like i don't even know what that means
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right i mean there's no scarcity problem
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you have i mean bitcoin has enough
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bitcoin to support all 7.8 billion
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people
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and absorb 250 trillion dollars of
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monetary energy there's no
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lack of competition you don't think
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individually is going to get hard to buy
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because you know like if you look at the
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newly minted supply like right now
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there's 900 being made a day
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just between the top four companies
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buying bitcoin right now they're buying
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2 000 per day
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uh ju on average it may even be more
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than that now so i mean they're dipping
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into the circulating supply we know that
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circulating supply gets down you know
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it's gonna get hard to buy
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it's exponentially easier to buy and the
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price is going up
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yeah like for i mean like it's for you
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to say there's a scarcity problem it's
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kind of like saying
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well there's a number one through 21
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and i'm afraid that we'll run out of
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numbers and we're trying to divide
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the numbers one through 21 between
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everybody the human race and the answer
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is fractions
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right there's infinite divisibility
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right
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all you've got is mathematical integrity
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and so so if the if the human race
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decides that it's going to store its
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value in bitcoin
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then creating 37 million alt altcoins
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doesn't solve the problem you're just
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talking about counterfeiting 37 million
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fake currencies and and that's just
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inflation right so
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so no you don't need ethereum to store
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value right i mean bitcoin
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solves the problem of store of value
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yeah right
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it solves it permanently and and and
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scarcity
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is just a synonym for conservation of
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energy which is a synonym for
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mathematical integrity
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which is a synonym for arithmetic
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yeah right so so you know if i say that
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the laws of the universe
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you know respect the principles of
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mathematics
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as described by isaac newton and the
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conservation of energy
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and that's bitcoin that's not a problem
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right
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that's the solution to the problem at
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the point that there is
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like it's like self manifesting you know
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it's like
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through that it proves it's worth
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basically i guess it's a good way to
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look at it
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yeah so okay okay so it's very
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interesting
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um i i would say i understand what
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you're saying
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and i agree with you on the underlying
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principle
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but i'll also say that when you look at
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corporations who would be wanting to add
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you know cryptocurrency to their balance
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sheet obviously bitcoin primarily
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when you know the having keeps the
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supply getting cut and getting cut
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eventually it's going to be hard to buy
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a thousand bitcoin over the counter the
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numbers are just going to be
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so insane and i understand what you mean
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growing up then
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it is going up but why do you think
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companies are having they're irrelevant
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there's 21 million bitcoin and
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that's simply the conservation of energy
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the number could be anything
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the most important thing is that you
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have conservation of energy
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and when everybody on earth uses bitcoin
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the price of bitcoin is going to be
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higher
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there's nothing there's not a problem
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with it right that what
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what you see is that that more energy is
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flowing into
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the system if you put 10 trillion into
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the system
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you'll divide that by 21 million and the
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price of bitcoin will be 500
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000 a coin and when you put 100 trillion
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in the system you'll divide that by 21
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million and the price will be 5 million
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a bitcoin
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and when you put it a quadrillion into
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this system
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it'll be 50 million you know it's
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irrelevant it's just a number
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right i mean in that particular case
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everybody gets bitcoin at the price they
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deserve
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right you you don't like that that's a
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good that's a good asset
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network in order to store money right
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what you need is conservation of energy
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and you're right the people that come
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into the network first
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are going to benefit versus those people
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that bought bitcoin at a dollar
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doing pretty good right now instead of
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having to pay 50 000
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but you know the price will just keep
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going up
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so that the supply is always equal to
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the demand
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and the liquidity trading in the market
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is just going to keep advancing
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and as liquidity advances it's going to
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attract progressively larger companies
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and then
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you know small municipalities and then
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states and then governments and
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institutions and the like and
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that can go on forever wow you can you
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can divide 21 million
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and you know buy a hundred million
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satoshi's a bitcoin
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it's gonna work just fine yeah you're it
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sounds like you're playing 21 million d
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chess that's what it sounds like right
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now you're you're on a whole another
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wavelength uh with where you think this
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is going you truly do believe bitcoin is
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is godzilla and that
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countries are going to adopt it and
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that's that's really refreshing to hear
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the number two biggest owner of bitcoin
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in terms of corporations
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ceo ben here's what i think i think it's
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the first
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trillion dollar brand in the history of
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the world at least the one created by
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man if you if you discount the us dollar
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some people say the dollar is the
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greatest brand but after the dollar
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bitcoin is a trillion dollar monetary
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network
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it grew from zero to a trillion dollars
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in 12 years
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that's faster than google which took 22
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years to get to a trillion in market
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capital
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so it's a trillion dollar network it's a
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proof-of-work network
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if you look at other crypto asset
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networks that purport to be a store of
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value
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the next best one is a hundred times
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smaller
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ethereum's not even committed to being a
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a proof-of-work network they're
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converting it into proof-of-stake
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network
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so if you're looking at a proof-of-work
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network you've got to go all the way to
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like bitcoin
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cash and what you have is you have one
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network which is 100 times
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bigger than the next best one it's
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97 dominant you know as a proof-of-work
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crypto asset network so that being the
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case
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it seems quite clear that it's won that
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battle it is the bank in cyberspace if
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you want to deposit your money
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and uh and it is the it is the
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overwatching brand there's no reason
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why we wouldn't expect it to continue to
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be the brand of
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long-term store value money or base
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layer money for hundreds of years
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i love it i mean i i think the one
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takeaway that everybody should have from
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this
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is uh when we colonize mars and we're
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trading with aliens we're going to be
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trading bitcoin i think hopefully the
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aliens take bitcoin
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but the last question i want to ask you
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michael is uh i'm going to give you a
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year and i want to know
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over under if you think bitcoin would be
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a million dollars by this year
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million dollar bitcoin 2025 over under
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you know i i think it's kind of not a
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good idea to make
[982]
forecasts like that
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yeah okay you can't you can't say where
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you think it's going to okay i i
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i can dig it michael i tell you over the
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long term i
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expect it to flip gold and that takes it
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to 500 000
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and i expect it to march progressively
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toward a hundred trillion dollar
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market cap which is which is the value
[1004]
of all of the
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treasury assets or at least at least a
[1008]
decent a decent
[1010]
order of magnitude of the treasury
[1012]
assets in the world and
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bitcoin is the ideal treasury asset
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network so it should march toward that
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with with you know a degree of
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progression
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pretty good ease and uh that would be
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five million dollar bitcoin and i think
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that's probably that's it's interesting
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you mentioned that because that's kind
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of the number i've looked at and said
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when it gets to that number it could
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stabilize and you know obviously the
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more money that flows into it
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the harder it's going to be to move and
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over time it will get a little more
[1038]
stability i think
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so but michael thank you so much for
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joining us today it's definitely been a
[1044]
really great interview i definitely want
[1045]
to have you on
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again down the road uh maybe when
[1048]
bitcoin starts climbing up a lot higher
[1049]
we can get you get your thoughts on that
[1051]
i certainly wish you guys at
[1052]
microstrategy good luck with uh trying
[1054]
to trying to add more bitcoin as much as
[1055]
you can
[1056]
i hope audience definitely got something
[1058]
out of is there anything you want to
[1058]
leave us with today
[1060]
um thanks for having me absolutely
[1063]
all right michael thanks for joining us
[1064]
everybody let us know what you think
[1066]
down below
[1067]
that's all we got be blessed good boy
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[Music]
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out
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[Music]
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you
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