Tucker Carlson, a TV host on Fox News interviewed the CEO of Microstrategy, a well-known advocate for cryptocurrencies.
The popular TV presenter suggested they searched for months for someone who will openly talk and explain the role of cryptocurrencies in the monetary space.
It came to Michael Saylor, the founder, and CEO of Microstrategy, a company that has billions of dollars invested in the cryptocurrency space.
Understanding what money is
Michael Saylor began his interview by defining money.
He suggested that it is necessary to understand what money is, what’s its problem as well as how to solve it.
According to him, it is social and economic energy that can be divided into two sections – weak and strong.
Using a metaphor for manufacturing (African) glass beads, he explained that the inflationary rate of the manufactured dollar means that we are always paid less.
He continues by explaining that the only way to be ahead of monetary inflation is by boosting your cash flow and that the best monetary inflation rate is directly related to the expansion of the money supply.
Thus, in 2020 we witnessed a 14% rise in the S&P index which is identical to the inflation rate for that year (14%).
Michael Saylor comparing currency to blood, money to oxygen
The highlight of his Fox News interviews is the metaphor in which he explains that currently has the same role as our blood has, and that money (economic energy) acts as oxygen.
Consequently, by sucking money out of a currency, it suffocates and collapses.
Michael Saylor points to the fact that the US dollar is stronger than 130 floating currencies, yet it has been expanding at a rate of 34% over the past 12 months.
Stating that the US dollar is constantly weakening, the CEO of Microstrategy suggested that the only present solution is an oxygen mask in form of a Bitcoin.
Michael Saylor explained the necessity of cryptocurrencies and the role that Bitcoin has in the prevention of an economic collapse.
Bitcoin is designed as independent from the inflation rates and is an efficient agent in fixing money as socioeconomic energy.