I bet my life-savings Michael Saylor will become the richest man in...
Tim Denning@Tim_Denning
54 views
Oct 02, 2024
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I bet my life-savings Michael Saylor will become the richest man in the world by 2030.
Not because he invested billions of dollars in Bitcoin.
Because he found the secret formula for making money (it’s so basic I couldn't believe it):
Not because he invested billions of dollars in Bitcoin.
Because he found the secret formula for making money (it’s so basic I couldn't believe it):
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1. Never trust someone who hasn't been broke
Michael Saylor lost $6B in a day back in 2000, due to an accounting error.
It took him 10+ years to recover. This loss is why he's now a billionaire again.
Losing money is how you figure out how to make money.
Michael Saylor lost $6B in a day back in 2000, due to an accounting error.
It took him 10+ years to recover. This loss is why he's now a billionaire again.
Losing money is how you figure out how to make money.
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2. Inflation isn't 2% mofo
But the government says it is.
• The U.S. recently changed their inflation calculation
• The input numbers are collected manually through surveys.
• Inflation is different for everyone
When you look deeper you realize inflation is underreported.
But the government says it is.
• The U.S. recently changed their inflation calculation
• The input numbers are collected manually through surveys.
• Inflation is different for everyone
When you look deeper you realize inflation is underreported.
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Saylor says inflation is more like 15% a year.
If you don't own assets or a home your personal inflation rate is astronomically high.
Once you know the real inflation rate it changes how you invest.
Suddenly you need 15%+ returns a year. So most assets don't keep up with inflation.
If you don't own assets or a home your personal inflation rate is astronomically high.
Once you know the real inflation rate it changes how you invest.
Suddenly you need 15%+ returns a year. So most assets don't keep up with inflation.
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3. Inflation is created by money printing
Governments & central banks create more money out of thin air.
Saylor knows this.
When there's more money in the system prices go up.
Governments can't stop printing because global debt is too high.
Governments & central banks create more money out of thin air.
Saylor knows this.
When there's more money in the system prices go up.
Governments can't stop printing because global debt is too high.
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The financial system is broken & can't be fixed.
It's why fiat currency is monopoly play money. And it's why Saylor has gone hard into digital assets.
Unless you understand how money works, your wealth and time will be stolen from you.
Think of it as another tax.
It's why fiat currency is monopoly play money. And it's why Saylor has gone hard into digital assets.
Unless you understand how money works, your wealth and time will be stolen from you.
Think of it as another tax.
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4. True price discovery is dead
People say "my house went up in price 25% in 3 years."
That's because they're measuring the price in a currency like USD that is increasing in supply.
It makes you think you're getting rich when you're not.
People say "my house went up in price 25% in 3 years."
That's because they're measuring the price in a currency like USD that is increasing in supply.
It makes you think you're getting rich when you're not.
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Change the denominator & your wealth goes down
Saylor says if you measure the price of your house in:
• Gold
• Bitcoin
• Or some other metric,
... What becomes clear is most assets haven't risen in value since 2008.
Good luck trying to work out the price of anything.
You now must subtract inflation + money printing that you can't get the true numbers for.
Saylor says if you measure the price of your house in:
• Gold
• Bitcoin
• Or some other metric,
... What becomes clear is most assets haven't risen in value since 2008.
Good luck trying to work out the price of anything.
You now must subtract inflation + money printing that you can't get the true numbers for.
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5. When prices appear to go up so does capital gains tax
If your stocks went up in USD terms but in real terms they didn't, doesn't matter.
The government gets to tax you with:
• Inflation
• Capital gains tax
The incentive then is for inflation to be high so they can:
• Tax you more
• Print more money to finance government spending
If your stocks went up in USD terms but in real terms they didn't, doesn't matter.
The government gets to tax you with:
• Inflation
• Capital gains tax
The incentive then is for inflation to be high so they can:
• Tax you more
• Print more money to finance government spending
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6. Starting from humble beginnings is a superpower
Saylor started his career working at McDonald's.
Never take money advice from someone flaunting wealth who hasn't worked in the real world.
They're often just trust fund babies living off daddy's coke money.
Saylor started his career working at McDonald's.
Never take money advice from someone flaunting wealth who hasn't worked in the real world.
They're often just trust fund babies living off daddy's coke money.
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7. Real estate seems smart until you measure it against your freedom
Saylor isn't h0rny over real estate
All the gurus say it's great. But...
• It's not portable
• You're locked into the success of that country
• Government can mess with property taxes
Digital assets = Future
Saylor isn't h0rny over real estate
All the gurus say it's great. But...
• It's not portable
• You're locked into the success of that country
• Government can mess with property taxes
Digital assets = Future
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8. Free speech is a dying freedom
The financial system lets governments freeze your bank accounts & seize your assets.
Saylor knows this.
So he became self-sovereign by putting all his net worth into Bitcoin.
Hard to confiscate Bitcoin stored in an offline cold wallet.
The financial system lets governments freeze your bank accounts & seize your assets.
Saylor knows this.
So he became self-sovereign by putting all his net worth into Bitcoin.
Hard to confiscate Bitcoin stored in an offline cold wallet.
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9. Change your mind
Saylor used to hate Bitcoin (see below)
But truly wealthy people can change their minds when they get more information.
10,000 hours of research on the topic of how money works will make you a millionaire.
Saylor used to hate Bitcoin (see below)
But truly wealthy people can change their minds when they get more information.
10,000 hours of research on the topic of how money works will make you a millionaire.
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10. Use company profits to buy Bitcoin
Saylor is a f*cking weirdo.
He invested all of his company's (Microstrategy) money into Bitcoin.
They now hold $9.9B in Bitcoin.
Saylor is a f*cking weirdo.
He invested all of his company's (Microstrategy) money into Bitcoin.
They now hold $9.9B in Bitcoin.
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The glitch in the financial system
Saylor figured out if you could:
• Invest your company's money in a scarce asset where the supply decreases over time
• And be a public company so people can invest in your business
... You create an infinite flywheel.
Saylor figured out if you could:
• Invest your company's money in a scarce asset where the supply decreases over time
• And be a public company so people can invest in your business
... You create an infinite flywheel.
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• Investors invest in Microstrategy to get exposure to Bitcoin without owning it
• Microstrategy stock price goes up
• The increase in stock price allows Saylor to borrow money to buy more Bitcoin
• Less Bitcoin is now available because of the Microstrategy purchases
• So Bitcoin price goes up
• So the Microstrategy stock price goes up
Repeat forever.
• Microstrategy stock price goes up
• The increase in stock price allows Saylor to borrow money to buy more Bitcoin
• Less Bitcoin is now available because of the Microstrategy purchases
• So Bitcoin price goes up
• So the Microstrategy stock price goes up
Repeat forever.
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Result:
Microstrategy is currently the best investment in recent times (perhaps in history)
Find a money glitch & exploit it.
Microstrategy is currently the best investment in recent times (perhaps in history)
Find a money glitch & exploit it.
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Michael Saylor is one of the most prolific digital writers online.
It's earned him enormous social proof that's helped make him a billionaire again.
Use my free email course to start writing online & get infinite inbound opportunities: timdenning.com/startonsocial-…
It's earned him enormous social proof that's helped make him a billionaire again.
Use my free email course to start writing online & get infinite inbound opportunities: timdenning.com/startonsocial-…