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Everyone's asking why Bitcoin is lagging while the S&P prints all-time highs. Michael Saylor gave me the cleanest answer in Prague: "We're living right now in the summer of the AI bubble... $500 billion of capital is being lurped into the AI complex right now." His framing: a "massive...

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Michaël van de Poppe

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74,081 次观看 • 1 个月前 •via X (Twitter)

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"I haven't sold a single sat." Michael Saylor (Michael Saylor) is Executive Chairman of Strategy, the largest corporate holder of Bitcoin on earth. While crypto twitter blamed him for the correction over a 32-coin sale, he sat down with me in Prague and explained why Bitcoin is really lagging and why it has almost nothing to do with Bitcoin. "We bought 175,000 Bitcoin this year, which is like 20% of all the Bitcoin ever bought. We sold 32. 32 works out to be two basis points." We cover: - Why Bitcoin is lagging while the S&P prints all-time highs, the "massive AI black hole" pulling capital out of crypto - Why he thinks the money rotates back by Q4 - The 32-BTC sale, the scapegoat dynamic, and why he hasn't sold a sat of his own - Why a 50% drawdown is normal, the 2022 one was 75% - The Apple and Amazon adoption curve, and the "Warren Buffett moment" he says is still coming - What actually happens to Strategy if Bitcoin stalls for 40 years - Why he believes being irrelevant is the only thing worse than being hated Thanks to Michael for coming on New Era Finance Podcast. Highlights: 00:00 - Intro 00:25 - Bitcoin Is Now Digital Capital 03:30 - Digital Credit, Invented In 12 Months 07:40 - Why Bitcoin Is Lagging The Market 12:15 - The Apple & Amazon Comparison 18:30 - Did Saylor Sell His Bitcoin? 21:00 - We Bought 175,000. We Sold 32. 25:00 - Defending The Credit & The Equity 29:30 - What If Bitcoin Stalls For 40 Years? 33:00 - The Warren Buffett Moment Is Coming 37:00 - Being Hated vs Being Irrelevant
40:09

"I haven't sold a single sat." Michael Saylor (Michael Saylor) is Executive Chairman of Strategy, the largest corporate holder of Bitcoin on earth. While crypto twitter blamed him for the correction over a 32-coin sale, he sat down with me in Prague and explained why Bitcoin is really lagging and why it has almost nothing to do with Bitcoin. "We bought 175,000 Bitcoin this year, which is like 20% of all the Bitcoin ever bought. We sold 32. 32 works out to be two basis points." We cover: - Why Bitcoin is lagging while the S&P prints all-time highs, the "massive AI black hole" pulling capital out of crypto - Why he thinks the money rotates back by Q4 - The 32-BTC sale, the scapegoat dynamic, and why he hasn't sold a sat of his own - Why a 50% drawdown is normal, the 2022 one was 75% - The Apple and Amazon adoption curve, and the "Warren Buffett moment" he says is still coming - What actually happens to Strategy if Bitcoin stalls for 40 years - Why he believes being irrelevant is the only thing worse than being hated Thanks to Michael for coming on New Era Finance Podcast. Highlights: 00:00 - Intro 00:25 - Bitcoin Is Now Digital Capital 03:30 - Digital Credit, Invented In 12 Months 07:40 - Why Bitcoin Is Lagging The Market 12:15 - The Apple & Amazon Comparison 18:30 - Did Saylor Sell His Bitcoin? 21:00 - We Bought 175,000. We Sold 32. 25:00 - Defending The Credit & The Equity 29:30 - What If Bitcoin Stalls For 40 Years? 33:00 - The Warren Buffett Moment Is Coming 37:00 - Being Hated vs Being Irrelevant

Michaël van de Poppe

527,636 次观看 • 1 个月前

CHARLES SCHWAB DIRECTOR OF EQUITY RESEARCH ON WHY BITCOIN IS LAGGING RIGHT NOW: "Bitcoin is a hedge against uncertainty. And I think the market right now is very certain about one thing: AI will absorb the next decade of capital, earnings growth, power demand, semiconductor demand, everything. And so the attention is shifting there." That is the whole explanation in two sentences. Bitcoin thrives when the future is unclear. Right now the market thinks it knows exactly what the next decade looks like. AI wins. Everything else waits. The moment that certainty cracks, Bitcoin is the first place uncertain capital runs. Uncertainty is not gone. It is just temporarily overshadowed.
0:20

CHARLES SCHWAB DIRECTOR OF EQUITY RESEARCH ON WHY BITCOIN IS LAGGING RIGHT NOW: "Bitcoin is a hedge against uncertainty. And I think the market right now is very certain about one thing: AI will absorb the next decade of capital, earnings growth, power demand, semiconductor demand, everything. And so the attention is shifting there." That is the whole explanation in two sentences. Bitcoin thrives when the future is unclear. Right now the market thinks it knows exactly what the next decade looks like. AI wins. Everything else waits. The moment that certainty cracks, Bitcoin is the first place uncertain capital runs. Uncertainty is not gone. It is just temporarily overshadowed.

WOLF Bitcoin

71,242 次观看 • 2 个月前

Michael Saylor gave me a two-word model for Bitcoin that explains this entire year: "Risk capital squared." Whatever is good for risk assets is really good for #Bitcoin. Whatever is bad for risk is really bad for it. Simple. But then he walked me through what's actually happening inside the risk markets right now, and this is the part most people miss. The equity market has split in two. A handful of AI monopolies raising $80 billion each, and then everyone else. "Every banker on Wall Street is out marketing the SpaceX deal, marketing the Anthropic deal." And the rotation logic is almost mechanical: "I know I'm going to get a 10 or 20% pop because the bankers are going to have to make the deal pop... So I'm going to get in on the deal and then I'll get out again." Mature money rolling out of three-year-old positions into hot deals engineered to pop. That's the drain. Bitcoin isn't funding the AI boom, it's maybe 2 or 3% of the capital, but it's the asset that feels every dollar leaving. And the line that reframes the whole "institutions abandoned Bitcoin" panic: "They're not maximalist in anything. They're not religious ideologues. They can be excited about this deal this week. They'll be excited about another asset next week. And they're all looking at relative value." The money didn't convert to another religion. It never had one. It chases relative value, and right now the deals pop harder. Which means the question isn't whether the capital comes back. It's what relative value looks like when the deals stop popping.
6:01

Michael Saylor gave me a two-word model for Bitcoin that explains this entire year: "Risk capital squared." Whatever is good for risk assets is really good for #Bitcoin. Whatever is bad for risk is really bad for it. Simple. But then he walked me through what's actually happening inside the risk markets right now, and this is the part most people miss. The equity market has split in two. A handful of AI monopolies raising $80 billion each, and then everyone else. "Every banker on Wall Street is out marketing the SpaceX deal, marketing the Anthropic deal." And the rotation logic is almost mechanical: "I know I'm going to get a 10 or 20% pop because the bankers are going to have to make the deal pop... So I'm going to get in on the deal and then I'll get out again." Mature money rolling out of three-year-old positions into hot deals engineered to pop. That's the drain. Bitcoin isn't funding the AI boom, it's maybe 2 or 3% of the capital, but it's the asset that feels every dollar leaving. And the line that reframes the whole "institutions abandoned Bitcoin" panic: "They're not maximalist in anything. They're not religious ideologues. They can be excited about this deal this week. They'll be excited about another asset next week. And they're all looking at relative value." The money didn't convert to another religion. It never had one. It chases relative value, and right now the deals pop harder. Which means the question isn't whether the capital comes back. It's what relative value looks like when the deals stop popping.

Michaël van de Poppe

32,100 次观看 • 2 天前

"Is Stretch really that innovative Bitcoin-backed credit, or is it just yield chasing right now?" David Duong on the real debate around Michael Saylor and Strategy "So far Saylor has demonstrated the ability to raise capital and grow his Bitcoin per share. That kind of stays ahead of the compounding dividend obligation he has. That engine so far has been running" "But is that an autopilot thing where he can just keep doing that in perpetuity? I don't have the answer to that. I don't think anyone does" "A lot of it comes down to Michael Saylor. How good is he at continuing this trend? I don't know what the answer is gonna be at the end of all things, but this is what a lot of people are internalizing at the moment"
1:09

"Is Stretch really that innovative Bitcoin-backed credit, or is it just yield chasing right now?" David Duong on the real debate around Michael Saylor and Strategy "So far Saylor has demonstrated the ability to raise capital and grow his Bitcoin per share. That kind of stays ahead of the compounding dividend obligation he has. That engine so far has been running" "But is that an autopilot thing where he can just keep doing that in perpetuity? I don't have the answer to that. I don't think anyone does" "A lot of it comes down to Michael Saylor. How good is he at continuing this trend? I don't know what the answer is gonna be at the end of all things, but this is what a lot of people are internalizing at the moment"

The Wolf Of All Streets

16,229 次观看 • 2 个月前

BITCOIN CIVIL WAR: Digital Cash vs Digital Capital Michael Saylor calls Bitcoin digital capital, but now says he is turning Bitcoin into money through digital credit. So what is Bitcoin really? Is it peer-to-peer digital cash meant to be spent, or pristine digital capital meant to be saved, collateralized, and used to attack the fiat system? In this video, Adam Livingston breaks down the ideological split inside Bitcoin between the digital cash camp and the digital capital camp, why both sides have strong arguments, and how Bitcoin may ultimately become cash because it first becomes the dominant form of capital.
13:06

BITCOIN CIVIL WAR: Digital Cash vs Digital Capital Michael Saylor calls Bitcoin digital capital, but now says he is turning Bitcoin into money through digital credit. So what is Bitcoin really? Is it peer-to-peer digital cash meant to be spent, or pristine digital capital meant to be saved, collateralized, and used to attack the fiat system? In this video, Adam Livingston breaks down the ideological split inside Bitcoin between the digital cash camp and the digital capital camp, why both sides have strong arguments, and how Bitcoin may ultimately become cash because it first becomes the dominant form of capital.

Swan

13,564 次观看 • 3 个月前

LYN ALDEN SAYS AI IS STEALING BITCOIN’S SPOTLIGHT “For a long time, Bitcoin was the fastest horse really that you could invest in.” But now AI and semiconductors are pulling capital away from bitcoin:native. When the AI trade cools off, capital will rotate back into Bitcoin.
2:57

LYN ALDEN SAYS AI IS STEALING BITCOIN’S SPOTLIGHT “For a long time, Bitcoin was the fastest horse really that you could invest in.” But now AI and semiconductors are pulling capital away from bitcoin:native. When the AI trade cools off, capital will rotate back into Bitcoin.

CryptosRus

16,099 次观看 • 1 个月前

The danger of AI is not just the slop, but what we lose in the process. Michael Pollan explains: "We're moving into this time where we're gonna sub out writing to AI. And AI can write our papers, and professors are dealing with this everywhere now. But what is lost is a way of thinking. Writing does something to your brain. It gives you access to things you can't know just walking around or thinking or planning or outlining. If you were just transcribing what was in your head, it would be kind of onerous. But it really is what you learn in the course of a day spent writing, things you didn't know, ideas that you didn't expect. And that's the thrill of it."
1:20

The danger of AI is not just the slop, but what we lose in the process. Michael Pollan explains: "We're moving into this time where we're gonna sub out writing to AI. And AI can write our papers, and professors are dealing with this everywhere now. But what is lost is a way of thinking. Writing does something to your brain. It gives you access to things you can't know just walking around or thinking or planning or outlining. If you were just transcribing what was in your head, it would be kind of onerous. But it really is what you learn in the course of a day spent writing, things you didn't know, ideas that you didn't expect. And that's the thrill of it."

David Perell Clips

18,468 次观看 • 2 个月前

Would you bet EVERYTHING on one idea? Michael Saylor did. Michael is a technology entrepreneur and the founder of the company now called Strategy. Long before Bitcoin, he built businesses in business intelligence, speech recognition and smart-home technology. Today, he is probably best known for turning his company into the world’s largest corporate holder of Bitcoin. In 2020, his company was worth around $600 million when he made what I described to him as an “early, very contrarian bet on Bitcoin”. At its peak, the company reached roughly $125 billion. I wanted to understand what Michael saw that almost everyone else didn’t, where that level of conviction comes from, and why his thinking goes far beyond Bitcoin. We discussed things like: - How he says AI helped him create $15 billion last year. - Why he believes buying a house might not be the best way to build wealth. - What he would study if he was 18 today. - Which careers AI could completely transform. - What is happening to the value of the money sitting in your bank. - Why he still has such enormous conviction in Bitcoin. Michael’s whole point is that technology, money and careers are not separate conversations. He sees them as connected parts of where the world is heading, and believes the decisions we make now could matter far more than most people realise. Even if you see the world differently to Michael, there is a lot to take from the way he thinks. His experience building technology companies, making enormous financial bets and thinking deeply about AI gives him a perspective on money, work and the future that is worth listening to. Out now on all platforms. Let me know what you think of this one in the comments ❤️👊🏾
1:53

Would you bet EVERYTHING on one idea? Michael Saylor did. Michael is a technology entrepreneur and the founder of the company now called Strategy. Long before Bitcoin, he built businesses in business intelligence, speech recognition and smart-home technology. Today, he is probably best known for turning his company into the world’s largest corporate holder of Bitcoin. In 2020, his company was worth around $600 million when he made what I described to him as an “early, very contrarian bet on Bitcoin”. At its peak, the company reached roughly $125 billion. I wanted to understand what Michael saw that almost everyone else didn’t, where that level of conviction comes from, and why his thinking goes far beyond Bitcoin. We discussed things like: - How he says AI helped him create $15 billion last year. - Why he believes buying a house might not be the best way to build wealth. - What he would study if he was 18 today. - Which careers AI could completely transform. - What is happening to the value of the money sitting in your bank. - Why he still has such enormous conviction in Bitcoin. Michael’s whole point is that technology, money and careers are not separate conversations. He sees them as connected parts of where the world is heading, and believes the decisions we make now could matter far more than most people realise. Even if you see the world differently to Michael, there is a lot to take from the way he thinks. His experience building technology companies, making enormous financial bets and thinking deeply about AI gives him a perspective on money, work and the future that is worth listening to. Out now on all platforms. Let me know what you think of this one in the comments ❤️👊🏾

Steven Bartlett

144,446 次观看 • 17 天前

VanEck CEO Jan van Eck on CNBC: “There’s something else going on within the Bitcoin community that non-crypto people need to know about. And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken. We don’t right now, but you always have to look at the underlying technology and the crypto. What the Bitcoin community has been asking itself is: Is there enough encryption in Bitcoin, because quantum computing is coming? And secondly: Is there enough privacy in Bitcoin? And so a lot of Bitcoin OGs or maxis have been looking at Zcash. Zcash is a token. It’s sort of related to Bitcoin with a lot more privacy. The kind of garbage that we got about Bitcoin four years ago was: ‘It’s used for all bad illicit behavior.’ But now everyone kind of realizes that when you move money around on the Bitcoin blockchain, you can see it. You can see it move from one wallet to another. And a lot of people are looking for more privacy.”
1:00

VanEck CEO Jan van Eck on CNBC: “There’s something else going on within the Bitcoin community that non-crypto people need to know about. And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken. We don’t right now, but you always have to look at the underlying technology and the crypto. What the Bitcoin community has been asking itself is: Is there enough encryption in Bitcoin, because quantum computing is coming? And secondly: Is there enough privacy in Bitcoin? And so a lot of Bitcoin OGs or maxis have been looking at Zcash. Zcash is a token. It’s sort of related to Bitcoin with a lot more privacy. The kind of garbage that we got about Bitcoin four years ago was: ‘It’s used for all bad illicit behavior.’ But now everyone kind of realizes that when you move money around on the Bitcoin blockchain, you can see it. You can see it move from one wallet to another. And a lot of people are looking for more privacy.”

Arjun Khemani

569,098 次观看 • 9 个月前

JUST IN: MARA CEO Fred Thiel says AI pays more than Bitcoin mining. “Today, power is the thing, which is why ourselves and many of our peers have pivoted. Because you get a lot more money per electron if you're doing it for AI than for Bitcoin mining.” “We sit on an asset called land and power, which I can convert to AI, which gives me a much higher return.” Thiel says MARA will not shut down immediately: “We can mine Bitcoin up until the electrons have to be redirected to the data center.” "It starts getting pretty expensive to mine Bitcoin when the alternative use of energy is AI.”
0:58

JUST IN: MARA CEO Fred Thiel says AI pays more than Bitcoin mining. “Today, power is the thing, which is why ourselves and many of our peers have pivoted. Because you get a lot more money per electron if you're doing it for AI than for Bitcoin mining.” “We sit on an asset called land and power, which I can convert to AI, which gives me a much higher return.” Thiel says MARA will not shut down immediately: “We can mine Bitcoin up until the electrons have to be redirected to the data center.” "It starts getting pretty expensive to mine Bitcoin when the alternative use of energy is AI.”

Coin Bureau

42,130 次观看 • 26 天前

Is Saylor selling Bitcoin low only to buy it back higher with STRC? "Clearly selling Bitcoin is not a problem, and the fact that he's not buying is seemingly not a problem for the market either. But the thing I'm wondering now, and this remains open ended, is now that he's selling Bitcoin to buy STRC, what happens when STRC inevitably gets back to a hundred bucks and the old machine of using STRC to buy Bitcoin kicks back into motion?" "Are they actually going to be selling STRC to buy Bitcoin back at a higher price? Are we selling the lows on Bitcoin after buying the highs, only to buy that Bitcoin back higher with the very same instrument he's buying back? I'd say Michael Saylor here is in a bit of a pickle" "Having this not be the main narrative for crypto at the moment is really good news. Michael Saylor spent years turning dollars into Bitcoin. Now he's discovered there's a reverse button, and I don't love it"
0:59

Is Saylor selling Bitcoin low only to buy it back higher with STRC? "Clearly selling Bitcoin is not a problem, and the fact that he's not buying is seemingly not a problem for the market either. But the thing I'm wondering now, and this remains open ended, is now that he's selling Bitcoin to buy STRC, what happens when STRC inevitably gets back to a hundred bucks and the old machine of using STRC to buy Bitcoin kicks back into motion?" "Are they actually going to be selling STRC to buy Bitcoin back at a higher price? Are we selling the lows on Bitcoin after buying the highs, only to buy that Bitcoin back higher with the very same instrument he's buying back? I'd say Michael Saylor here is in a bit of a pickle" "Having this not be the main narrative for crypto at the moment is really good news. Michael Saylor spent years turning dollars into Bitcoin. Now he's discovered there's a reverse button, and I don't love it"

The Wolf Of All Streets

36,187 次观看 • 13 天前

“What I think SPX is, is a wake-up call. And I think for the normie, the average person, it literally is best described as being the next Bitcoin, because that's literally what it is. Bitcoin was a wake-up call to show people that value is subjective. And SPX is the next iteration of that. And once you get enough people to understand that the value of the dollar is subjective. It only has value because people believe in it. Bitcoin only has value because people believe in it. SPX has value because people believe in it. And the next step is Well, it's not just money that is subjective in value. It is literally everything is subjective. The entire universe is this subjective entity that is created from our own consciousness. And that's what Like, the purpose of this vehicle, yes, it's going to make a lot of people a lot of money, but the point of that is to wake people up to the fact that the entire universe is this subjective entity. It is not just this, like, empirical machine with interlocking gears and like this orderly machine that proceeds from just like the sum of its parts like no like we are literally the universe creating the universe and that's what spx is meant to wake people up to.” — Crypto Maxi 💹🧲
1:36

“What I think SPX is, is a wake-up call. And I think for the normie, the average person, it literally is best described as being the next Bitcoin, because that's literally what it is. Bitcoin was a wake-up call to show people that value is subjective. And SPX is the next iteration of that. And once you get enough people to understand that the value of the dollar is subjective. It only has value because people believe in it. Bitcoin only has value because people believe in it. SPX has value because people believe in it. And the next step is Well, it's not just money that is subjective in value. It is literally everything is subjective. The entire universe is this subjective entity that is created from our own consciousness. And that's what Like, the purpose of this vehicle, yes, it's going to make a lot of people a lot of money, but the point of that is to wake people up to the fact that the entire universe is this subjective entity. It is not just this, like, empirical machine with interlocking gears and like this orderly machine that proceeds from just like the sum of its parts like no like we are literally the universe creating the universe and that's what spx is meant to wake people up to.” — Crypto Maxi 💹🧲

Tanz Cho 💹🧲

12,294 次观看 • 1 个月前

Bitcoin is Suffering From Capital Rotation Michael Saylor (Michael Saylor) notes that capital markets have deployed approximately $400B into the AI sector over the last six months, triggering a massive liquidity rotation away from digital assets. Market data and institutional filings confirm roughly $4B in outflows from $BTC ETFs since May 14, placing significant downward pressure on the $BTC price action. He added, "This is a capital rotation, not a Bitcoin impairment." What do you think?
0:30

Bitcoin is Suffering From Capital Rotation Michael Saylor (Michael Saylor) notes that capital markets have deployed approximately $400B into the AI sector over the last six months, triggering a massive liquidity rotation away from digital assets. Market data and institutional filings confirm roughly $4B in outflows from $BTC ETFs since May 14, placing significant downward pressure on the $BTC price action. He added, "This is a capital rotation, not a Bitcoin impairment." What do you think?

BSCN

10,628 次观看 • 2 个月前

"Bitcoin is oversold. It's been artificially lumped in with software stocks for no good reason." Lyn Alden (Lyn Alden) on why the crash hit Bitcoin harder than it should have: "The washout from the Treasury company mNAVs was painful. The quantum FUD had to be explored. The four-year cycle had to be tested. But I think the majority of the pain is behind us." "Gold went from undervalued to fairly valued fast, the market rightsized it. It's not a bubble, but it's somewhat euphoric right now." "Sentiment on Bitcoin is unfairly negative, to say the least." "Gun to my head, if I had to bet Bitcoin or gold over the next two to three years, I'd bet Bitcoin. I own both. I've always owned both. But if I had to pick, it's Bitcoin." Translation: the crash lumped Bitcoin in with the AI software selloff it has nothing to do with. Gold ran its move and is now near fair value. Bitcoin got sold on sentiment, not fundamentals, which is exactly the setup that reverses when risk appetite returns.
5:56

"Bitcoin is oversold. It's been artificially lumped in with software stocks for no good reason." Lyn Alden (Lyn Alden) on why the crash hit Bitcoin harder than it should have: "The washout from the Treasury company mNAVs was painful. The quantum FUD had to be explored. The four-year cycle had to be tested. But I think the majority of the pain is behind us." "Gold went from undervalued to fairly valued fast, the market rightsized it. It's not a bubble, but it's somewhat euphoric right now." "Sentiment on Bitcoin is unfairly negative, to say the least." "Gun to my head, if I had to bet Bitcoin or gold over the next two to three years, I'd bet Bitcoin. I own both. I've always owned both. But if I had to pick, it's Bitcoin." Translation: the crash lumped Bitcoin in with the AI software selloff it has nothing to do with. Gold ran its move and is now near fair value. Bitcoin got sold on sentiment, not fundamentals, which is exactly the setup that reverses when risk appetite returns.

Michaël van de Poppe

127,555 次观看 • 2 个月前

Paradigm co-founder Matt Huang says allocating capital to Bitcoin and Ethereum in 2018 is a lot like investing in the AI sector today: "When we launched Paradigm in 2018, a lot of our thesis was that we knew crypto would expand massively. And then there was this open question — should you invest in the core protocols like Bitcoin and Ethereum, or invest in startups?" "Obviously in hindsight, the answer was both." "I think it's a lot like the AI landscape now, with this question of — do you own the model companies, or do you own the application layer on top? In 2018, Bitcoin and Ethereum were like OpenAI and Anthropic, and those are the things to own."
1:28

Paradigm co-founder Matt Huang says allocating capital to Bitcoin and Ethereum in 2018 is a lot like investing in the AI sector today: "When we launched Paradigm in 2018, a lot of our thesis was that we knew crypto would expand massively. And then there was this open question — should you invest in the core protocols like Bitcoin and Ethereum, or invest in startups?" "Obviously in hindsight, the answer was both." "I think it's a lot like the AI landscape now, with this question of — do you own the model companies, or do you own the application layer on top? In 2018, Bitcoin and Ethereum were like OpenAI and Anthropic, and those are the things to own."

TBPN

58,410 次观看 • 5 个月前

WHY AI WILL MAKE BITCOIN MORE VALUABLE THAN EVER Elon Musk has argued that AI-driven productivity gains will make nearly everything we want abundant and push prices toward zero. For goods like software, he is absolutely right. But in a world of extreme abundance, scarcity becomes even more valuable. When capital is constantly deflating because goods and services get cheaper, it must flow somewhere. Bitcoin is the only asset with absolute, provable scarcity. As AI turns productivity into an infinite resource, Bitcoin becomes a financial black hole, absorbing excess capital and preserving value in a way nothing else can. Even in a deflationary world, Bitcoin protects purchasing power because it cannot be reproduced or inflated away. AI makes abundance inevitable and Bitcoin is what makes saving possible in that world.
2:24

WHY AI WILL MAKE BITCOIN MORE VALUABLE THAN EVER Elon Musk has argued that AI-driven productivity gains will make nearly everything we want abundant and push prices toward zero. For goods like software, he is absolutely right. But in a world of extreme abundance, scarcity becomes even more valuable. When capital is constantly deflating because goods and services get cheaper, it must flow somewhere. Bitcoin is the only asset with absolute, provable scarcity. As AI turns productivity into an infinite resource, Bitcoin becomes a financial black hole, absorbing excess capital and preserving value in a way nothing else can. Even in a deflationary world, Bitcoin protects purchasing power because it cannot be reproduced or inflated away. AI makes abundance inevitable and Bitcoin is what makes saving possible in that world.

Bitcoin News

43,426 次观看 • 7 个月前

Linus Torvalds, creator of Linux, on why AI is both a bubble and a revolution at the same time: His answer refuses the binary, laying out why both things can be true at once: "I mean, clearly, it's clearly both, right? It's clearly a bubble and at the same time, it's very interesting and I think it will change society and I think it will change how most skilled jobs get done." But he pushes back on the maximalist framing: "At the same time, I don't think it's as revolutionary as people make it out to be." When asked about artists being angry that AI models were trained on their work without consent, Linus is blunt: "That's reality. Deal with it. That genie is out of the bottle. You're not getting it back. And you're not getting it back whether you are a photographer who's out of work… or you're a programmer that has to learn to deal with a new reality." On programming specifically, he's more optimistic, though he has a sharp caveat about vibe coding: "I really think that AI will be a tool and it will make people more productive. I think that vibe coding is great for getting into programming. I think it's going to be a horrible thing to maintain." His conclusion is that programmers aren't going anywhere: "You still want to have the people who know how to maintain the end result." Linus separates the technology from the noise around it: "I'm a huge believer in AI. I'm not a huge believer in the whole things going on around AI. I find the marketing and the market to be sick and twisted and there is going to be a crash and it's not… it's going to be ugly."
1:59

Linus Torvalds, creator of Linux, on why AI is both a bubble and a revolution at the same time: His answer refuses the binary, laying out why both things can be true at once: "I mean, clearly, it's clearly both, right? It's clearly a bubble and at the same time, it's very interesting and I think it will change society and I think it will change how most skilled jobs get done." But he pushes back on the maximalist framing: "At the same time, I don't think it's as revolutionary as people make it out to be." When asked about artists being angry that AI models were trained on their work without consent, Linus is blunt: "That's reality. Deal with it. That genie is out of the bottle. You're not getting it back. And you're not getting it back whether you are a photographer who's out of work… or you're a programmer that has to learn to deal with a new reality." On programming specifically, he's more optimistic, though he has a sharp caveat about vibe coding: "I really think that AI will be a tool and it will make people more productive. I think that vibe coding is great for getting into programming. I think it's going to be a horrible thing to maintain." His conclusion is that programmers aren't going anywhere: "You still want to have the people who know how to maintain the end result." Linus separates the technology from the noise around it: "I'm a huge believer in AI. I'm not a huge believer in the whole things going on around AI. I find the marketing and the market to be sick and twisted and there is going to be a crash and it's not… it's going to be ugly."

Big Brain AI

52,726 次观看 • 3 个月前

The End of the 4-Year Bitcoin Cycle — Why the BTC "Capital Cycle" is Next w/ Alex Leishman | Bitcoin Magazine Podcast Ep 15 "Bitcoin is where people park wealth. When they want to start doing things with it, we see cycles. The capital will cycle back — the question is when." Everything lined up for Bitcoin, and then AI sucked the oxygen out of the room. Was this just the typical 4-year cycle in action, or is a new market dynamic taking shape? Alexander Leishman 🇺🇸 of River discusses with Brandon on where the capital actually went, and what the future holds for BTC market cycles.
57:16

The End of the 4-Year Bitcoin Cycle — Why the BTC "Capital Cycle" is Next w/ Alex Leishman | Bitcoin Magazine Podcast Ep 15 "Bitcoin is where people park wealth. When they want to start doing things with it, we see cycles. The capital will cycle back — the question is when." Everything lined up for Bitcoin, and then AI sucked the oxygen out of the room. Was this just the typical 4-year cycle in action, or is a new market dynamic taking shape? Alexander Leishman 🇺🇸 of River discusses with Brandon on where the capital actually went, and what the future holds for BTC market cycles.

Bitcoin Magazine

19,345 次观看 • 1 个月前

Maria Popova on the soul, the self, and what AI will never have: "AI will never have feeling. AI will have the simulacrum of feeling. AI will never write the great American poem, the great French poem, because it hasn't suffered. AI doesn't have the capacity to suffer. Even if you try to make it suffer, meaning write a command that is to execute failure, it'll already be succeeding at executing failure. AI can only ever succeed. And without suffering, what kind of true art can there be? All writing that is truly moving is born of feeling and time. AI has neither; it's an instantaneous, unfeeling delivery of pure information. The function of what we call the soul is real. Whatever it's made of, where it is. And the part that I worry about is that today, most people live on the level of the self and not the level of the soul. Just the costume of personality over the soul." The value of persons does not rest on our "costume of personality," but on the soul beneath it.
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Maria Popova on the soul, the self, and what AI will never have: "AI will never have feeling. AI will have the simulacrum of feeling. AI will never write the great American poem, the great French poem, because it hasn't suffered. AI doesn't have the capacity to suffer. Even if you try to make it suffer, meaning write a command that is to execute failure, it'll already be succeeding at executing failure. AI can only ever succeed. And without suffering, what kind of true art can there be? All writing that is truly moving is born of feeling and time. AI has neither; it's an instantaneous, unfeeling delivery of pure information. The function of what we call the soul is real. Whatever it's made of, where it is. And the part that I worry about is that today, most people live on the level of the self and not the level of the soul. Just the costume of personality over the soul." The value of persons does not rest on our "costume of personality," but on the soul beneath it.

David Perell Clips

12,220 次观看 • 2 个月前