Dearest readers, I still do not know where I stand regarding cryptocurrency and most notably bitcoin. However, I had the chance to listen to Michael Saylor of data analytics platform company Microstrategy, a man and a corporation who are both heavily invested in bitcoin. Here, I wanted to share with you clips from a Valuetainment podcast that he was on- excellent clips that really make you think. While it will take me a few more views of these clips and at least two listening sessions of the entire podcast episode to really catch everything, I can say that now more than ever I understand how huge the problems and faults in our global financial system really are. Whether bitcoin is the solution or not, none of us know for sure. However, knowing why many smart people want bitcoin to be the ultimate solution is worth knowing about. Have a look, dearest readers.
When I hear people like Michael speak, it makes me think of something specific. It brings me back to a clip I saw of Arthur C. Clarke predicting the Internet and some of the impact it would have on our world today such as remote work. Have a listen, it is a short one.
Now, you might ask, how would I make money off such predictions? Well, easily enough. You could have correctly identified companies that existed in 1964 that would be main contributors to this new world down the road and invested in them while watching them converge with other key companies in order to usher the digital age. Although, to be honest, bitcoin itself is maybe better compared with electricity back when Nikola Tesla was still doing cool exhibits like letting it run through his body to light up lightbulbs in his hands and stuff like that. It was very early in its existence, whereas now it underpins our existence beyond anything our ancestors could have imagined. Bitcoin may be our next electricity, or it may be a dud; I do not know. What I do know, however, is that we desperately need the next electricity or our civilization may collapse unto itself like a neutron star.