{"id":4714,"date":"2021-03-07T00:12:43","date_gmt":"2021-03-07T00:12:43","guid":{"rendered":"https:\/\/housematesnaija.com\/explained-how-will-other-companies-likely-follow-suit-in-investing-in-bitcoin\/"},"modified":"2021-03-07T00:12:43","modified_gmt":"2021-03-07T00:12:43","slug":"explained-how-will-other-companies-likely-follow-suit-in-investing-in-bitcoin","status":"publish","type":"post","link":"https:\/\/housematesnaija.com\/explained-how-will-other-companies-likely-follow-suit-in-investing-in-bitcoin\/","title":{"rendered":"Explained: How will other companies likely follow suit in investing in Bitcoin?"},"content":{"rendered":"<p><iframe loading=\"lazy\"  width=\"580\" height=\"385\" src=\"https:\/\/www.youtube.com\/embed\/4JxE4uy-D5c?modestbranding=1\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\n<br \/>On today\u2019s show, billionaire Michael Saylor discusses his big move into Bitcoin. Additionally, he goes into detail on how other companies likely follow suit in investing in Bitcoin.<\/p>\n<p>Michael Saylor (02:03:46):<br \/>\nWell, let\u2019s think about the ways that this money is going to move, though, and let\u2019s talk about the layer cake of money. There are individuals, family offices, and tech entrepreneurs, and privately they can go buy Bitcoin. They\u2019re the early movers. Then there\u2019s the hedge funds, like the Guggenheims of the world. And after they get their head around it, Paul Tudor Jones, Stanley Druckenmiller, Bill Miller, they can put it in their charter and they\u2019ll buy some. I\u2019m talking about 1%, 2%, 3%, and they\u2019ll start to move. But there\u2019s nothing that keeps them from buying 10% or 20%. The first year they\u2019ll dip their toe in at 1 or 2%. Next year, they could amp that up by a factor of two or four.<\/p>\n<p>Michael Saylor (02:04:39):<br \/>\nSo in 2021, the simplest way we grow is at some point Bill Miller and Paul Tudor Jones and Stanley Druckenmiller say, \u201cYou know, this worked really well, but why did I buy three times as much gold as I bought Bitcoin? Because Bitcoin performed 200% up and gold was up 10% or 15 or something.\u201d So when you transition from that idea that Bitcoin is a great idea to the idea that it was really stupid of me to invest in something which underperformed, you would see two, three, four, five X that money coming from those investors.<\/p>\n<p>Michael Saylor (02:05:16):<br \/>\nNow, there\u2019s another pool of money. The next pool of money is people that can buy publicly-traded stocks. The money\u2019s locked up in retirement funds like 401(k)s. There\u2019s a lot of investment funds that can buy public stocks, and they can buy a GBTC, they could buy MSTR, but they can\u2019t buy Bitcoin. They just can\u2019t, okay? Lots and lots of that money. What are they looking for? Companies with Bitcoin exposure, PayPal, Square, Grayscale, MicroStrategy, there\u2019s a dynamic there, and the dynamic is, companies that have a Bitcoin strategy either on their balance sheet or on their P&#038;L or both, like MicroStrategy is strong on the balance sheet. Square is strong on the P&#038;L.<\/p>\n<p>Michael Saylor (02:06:10):<br \/>\nThere\u2019ll be other companies that\u2019ll come. Coinbase will come public. They\u2019ll be strong on the P&#038;L maybe. Interesting question is, will Coinbase actually put Bitcoin on their balance sheet? Big question. Coinbase can do an IPO, raise billions of dollars, and buy Bitcoin with it. Will they? This is my plug. Brian Armstrong, I hope you do.<\/p>\n<p>Preston Pysh (02:06:31):<br \/>\nYou\u2019re nuts if you don\u2019t.<\/p>\n<p>Subscribe to We Study Billionaires podcast show:<br \/>\nTo access our show notes, courses or forums, go to theinvestorspodcast.com.<br \/>\n\u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4<br \/>\nADDITIONAL INVESTING RESOURCES:<br \/>\nAsk the Investors:<br \/>\nAsset Allocation Course:<br \/>\nReal Estate Investing:<br \/>\nMillennial Investing:<br \/>\n\u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4<br \/>\nDownload Stig &#038; Preston&#8217;s 1-page checklist for finding great stock picks:<br \/>\nHave a question? Get your voice heard on the show:<br \/>\n\u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4 \u23e4<br \/>\nDISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor\u2019s Podcast Network. Written permission must be granted before syndication or rebroadcasting.<br \/>\n<br \/><a href=\"https:\/\/www.youtube.com\/watch?v=4JxE4uy-D5c\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On today\u2019s show, billionaire Michael Saylor discusses his big move into Bitcoin. Additionally, he goes into detail on how other companies likely follow suit in investing in Bitcoin. Michael Saylor (02:03:46): Well, let\u2019s think about the ways that this money is going to move, though, and let\u2019s talk about the layer cake of money. There [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[81],"tags":[],"_links":{"self":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/4714"}],"collection":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/comments?post=4714"}],"version-history":[{"count":0,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/4714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media\/4715"}],"wp:attachment":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media?parent=4714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/categories?post=4714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/tags?post=4714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}