"Fix the Money, Fix the World" — Michael Saylor's Master Plan (plus questions on Quantum and Ethereum)

Key Takeaways

• •

  Joe Lubin launches public Ethereum acquisition vehicle

  “He is now the chairman of a publicly traded company. It's called SharpLink, a company designed to purchase Ether, the asset, for strategic treasury purposes.”

• •

  New SEC administration adopts constructive industry stance

  “The complexion of government actions towards our industry has profoundly changed. And so that ended up getting settled.”

• •

  SBET uses financial alchemy to increase ETH concentration

  “If you own one share, then you would see the amount of effective ownership of ether continue to grow through the actions of the company.”

• •

  Ethereum strategy includes staking and restaking yield

  “They are very excited to stake it, to restake it, to participate in DeFi.”

• •

  Public companies may tokenize equity for wallets

  “Imagine a company that has a strategy like this, tokenizing a portion of their equity, making it available in a popular wallet potentially for end users to purchase.”

Episode Description

Michael Saylor thinks Bitcoin is headed to $21 million, but the real story in this conversation is how he believes it gets there. In his first appearance on Bankless, Saylor breaks down Strategy’s evolving capital machine, why STRC may be the most ambitious instrument the company has built yet, how he thinks about quantum risk without panic, why his view on Ethereum has become more constructive, and what he means when he says the endgame is giving the world an 8% bank account forever. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🪐GALAXYONE | SOLANA STAKING https://bankless.cc/GalaxyOne 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🏅BITGET TRADFI | TRADE GOLD WITH USDT https://bankless.cc/bitget 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 🐇MEGAETH | 1ST REAL-TIME BLOCKCHAIN https://bankless.cc/megaeth --- TIMESTAMPS 0:00 Intro 1:00 Michael Saylor’s $21M Bitcoin thesis 4:33 What has to go right for Bitcoin to get there 11:00 Has Bitcoin adoption stalled out? 13:20 Why STRC became Strategy’s breakout product 18:05 The pitch behind a Bitcoin-backed money market 21:13 How STRC is engineered to stay stable 27:31 Where the 11.5% yield comes from 36:35 Is Strategy taking too much risk? 46:50 Does Strategy ever stop buying Bitcoin? 58:48 Quantum, panic, and the Bitcoin response 1:16:18 Michael Saylor on Ethereum today 1:25:46 “Fix the money, fix the world” 1:38:39 The crypto reactor and Strategy’s endgame --- RESOURCES Michael Saylor https://x.com/saylor --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures