Download Impact Theory's podcast episodes here! https://apple.co/3zGNo9k Join our Discord community so you don’t miss out on all the amazing things we are working on - http://impacttheory.com/discord. Here you will get direct access to Tom and the team PLUS exclusive content, offers, and so much more. Jump on in and get started on becoming legendary! I’ve been diving into cryptocurrency and I do not want any of you to miss out on the opportunity to learn more about Bitcoin and crypto for yourselves. I am all in when it comes to building businesses and being the entrepreneur that I am, but when it comes to finances, I am definitely out of my comfort zone. It feels like a movement going on around Bitcoin and crypto, and it would feel so wrong to not bring you, someone, I think you should definitely spend time researching, Michael Saylor. The once-in-a-lifetime opportunity that is accessible to nearly every single person cannot be disregarded out of ignorance. Michael is an MIT graduate and the CEO of Microstrategy and a self-appointed ambassador for the Bitcoin Movement, whose explanations of what Bitcoin is and why this is so important is one of the best I’ve heard in my own pursuit to better understand cryptocurrency. Listen, research, and do what is best for you, but I urge you to make an informed decision. SHOW NOTES: Startup | Michael on how MicroStrategy started [1:39] Risks | What growing $16 million with risks was in comparison to no risks [3:53] First Principles | First Principles thinking and being intellectually fearless [11:22] Bitcoin | Michael explains how why bitcoin is 1st engineering in economics [21:50] Currency Value | Breaking down the shift in wealth with devaluing currency [25:51] Inflation | Michael debunks inflation myth, unpacking the real problem [28:50] Hyperinflation | Hyperinflation in bonds, crypto, luxury items [34:26] Cash Is Trash | Michale explains how cash is losing value, and at what rate [38:24] Devaluation Rate | Michael on the challenge of beating currency devaluation [43:03] Currency Conversion | Converting weak currency to stronger assets is best [48:48] What Is Bitcoin | Michael explains why bitcoin is more valuable and desirable [51:20] Crypto Volatility | Bitcoin volatility and seeing how big the problem is [1:05:11] Accessibility | Bitcoin accessibility and solution for rich and poor [1:15:53] Bitcoin Secure | Michael exposes how Bitcoin is a secure asset [1:20:57] Sustainable Energy | Bitcoin, sustainable energy and Elon Musk [1:22:49] QUOTES: “I have to invest it in a strategy, which is going to appreciate faster than the money is devalued.” [40:07] “So the discount rate is jumping, which means the value of the cash flows into the future is collapsing.” [48:30] “Bitcoin is the strongest asset the human race has ever invented, it's like gold with none of the defects of goal.” [51:22] “It's very rare that you find it a technology that's the solution to every rich person's problem and every poor person's problem simultaneously.” [1:20:28] Guest Bio: Mr. Saylor attended the Massachusetts Institute of Technology (MIT) on a full Air Force Reserve Officer Training Corps scholarship. While at MIT, he was a member of the Theta Delta Chi fraternity, and obtained dual degrees in aeronautics and astronautics as well as science, technology and society. Follow Michael Saylor: Website: https://www.hope.com/ Twitter: https://twitter.com/michael_saylor Facebook: https://www.facebook.com/msaylor Instagram: https://www.instagram.com/michael_saylor/ 0:00 | Starting MicroStrategy 3:53 | Growing $16 million with risks 7:19 | Nature of technology risks 11:22 | First Principles thinking, intellectually fearless 15:25 | First Principles engineering 21:50 | Bitcoin, engineering economics 25:51 | Shift in wealth with devaluing currency 28:50 | Inflation myth debunked, unpacking the problem 34:26 | Hyperinflation in bonds, crypto, luxury items 38:24 | Cash is trash, how its losing value, and at what rate 43:03 | Money decomposition, Beating the devaluation rate of cash 48:48 | Converting weak currency to stronger assets 51:20 | What’s bitcoin, why bitcoin is more valuable and desirable 1:05:11 | Bitcoin volatility isn’t the problem 1:15:53 | Bitcoin accessibility for and solution for rich and poor 1:20:57 | Is Bitcoin a fad or secure asset? 1:22:49 | Bitcoin, sustainable energy and Elon Musk