{"id":82250,"date":"2024-06-24T02:31:34","date_gmt":"2024-06-24T06:31:34","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82250"},"modified":"2024-06-24T02:31:38","modified_gmt":"2024-06-24T06:31:38","slug":"michael-saylor-bitcoin-offers-economic-immortality-will-hit-10m","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/michael-saylor-bitcoin-offers-economic-immortality-will-hit-10m\/","title":{"rendered":"Michael Saylor: Bitcoin Offers ‘Economic Immortality,’ Will Hit $10M"},"content":{"rendered":"\n

Saylor's remarks were made during a comprehensive conversation with Robin Seyr, the Bitcoin podcast's<\/a> presenter.<\/p>\n\n\n\n

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Michael Saylor: Bitcoin Offers ‘Economic Immortality,' Will Hit $10M <\/figcaption><\/figure>\n\n\n\n

In an 84-minute podcast interview, Michael Saylor, the outspoken executive chairman and co-founder of business intelligence company MicroStrategy,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> recently discussed the benefits of Bitcoin, asserting that it will reach $10 million per coin<\/strong> and that the entire nation of China will support the cryptocurrency<\/p>\n\n\n\n

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Source: Michael Saylor<\/figcaption><\/figure>\n\n\n\n

Economic Pseudoscience<\/h2>\n\n\n\n

During the introduction of the video above, brief excerpts of Saylor's assertion that \u201cthe cost of Bitcoin\u2019s going to go up to ten million dollars a coin,\u201d <\/p>\n\n\n\n

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\u201cWhat\u2019s the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money is: we all have a short, brutal life.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

In addition to Saylor's apparent conviction that Bitcoin is the future of money, the primary conclusion is that Bitcoin functions as a corporate immortality mechanism for society. Using the query \u00a0\u201cwhat if I told you I could make your company live forever?\u201d Saylor posed this concept.<\/p>\n\n\n\n

He maintains that Bitcoin has rendered all preceding economic systems obsolete:<\/p>\n\n\n\n

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\u201cEconomics is pseudoscience before Satoshi. It\u2019s a quasi-religious liberal art and it\u2019s full of people\u2019s opinions and prejudices and biases. \u2026 All the economists before Satoshi were trying to work out the laws of economics with seashells and glass beads and pieces of paper and credit instruments.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

Ultimately, Saylor argued that organizations that allocate resources to Bitcoin are better equipped to endure than those that continue to be ensnared in the corporate malaise of the past.<\/p>\n\n\n\n

According to Saylor:<\/p>\n\n\n\n

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\u201cThe average life expectancy of a corporation is something like 10 years. \u2026 We\u2019re talking about eliminating corporate mortality, we\u2019re talking about stretching economic vitality easily by a factor of 10, maybe by a factor of a hundred, maybe by a factor of a million.”<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

Saylor<\/use><\/svg><\/span><\/a> also has a clear understanding of the specifics of how this would operate. In addition to explicitly asserting that he believed the Chinese government and populace would adopt Bitcoin, he also predicted that a single Bitcoin would be valued at $10 million at some point in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saylor’s remarks were made during a comprehensive conversation with Robin Seyr, the Bitcoin podcast’s presenter. In an 84-minute podcast interview, Michael Saylor, the outspoken executive chairman and co-founder of business intelligence company MicroStrategy, recently discussed the benefits of Bitcoin, asserting that it will reach $10 million per coin and that the entire nation of China […]<\/p>\n","protected":false},"author":53,"featured_media":82252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[5371,7071,15047,5932],"class_list":["post-82250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-2","tag-bitcoin-price-prediction","tag-michael-saylor-2","tag-microstrategy-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/say.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82250"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82252"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}