Buy More Bitcoin | Michael Saylor, CEO Of MicroStrategy

The big disservice we do is we tell people you have to spend something for it to have value. You don't have to spend shares of Apple stock for it to have value. It's such a freaking stupid thing to say ... Mark Zuckerberg never spent a share of Facebook stock to be rich.

I really think that the best way to understand Bitcoin is it's digital property for 8 billion people, and it's going to demonetize other forms of property in the same way that digital books sucked the information out of libraries, and actual books, and universities; and the same way that digital music sucked the music out of your CDs, and your records, and your phonograph, and your piano, and the orchestra.

If you don't want to own Bitcoin, then you don't want to own MicroStrategy because Bitcoin is a risk. But you know what else is a risk? Everything. Running a cruise line is a risk. Running an airline is a risk. Tesla sells cars; cars blow up. Guns shoot people; you get sued for it. Tobacco gives you cancer. There are plenty of businesses that have risk factors.

I don't really think that Bitcoin is going to be currency in the US ever, nor do I think it should be. I really think, logically, it should be treated as property. It's like owning a building or owning a bar of gold or owning a share of stock—it's property.

Gold is no longer a store of value for monetary energy. That's why it's up 0% in a year where the S&P 500 is up 400%. It's pretty clear the marketplace thinks that stocks are a better store of value than gold.

Bitcoin is big tech without all the risks of big tech.

I'd like to invest in things that I can hold a decade. I wouldn't be holding AMC stock or GameStop stock for a decade. You could have made money on Carnival Cruise Lines and the airline trade, but I just wouldn't do it because I want to buy something and hold it for a decade.

If you're a poor person, the only way you generate wealth is you have to generate assets.