5. Michael Saylor & Microstrategy adopt The Bitcoin Standard
We host Michael Saylor, CEO of Microstrategy, the publicly traded company that announced it was making bitcoin its primary treasure reserve asset, and purchasing 38,250 BTC (~$425m). Saylor explains how this was a deliberate decision to put the company on a bitcoin standard.
Inflation tiers according to Michael, by annual change in prices:
<0%: technology, information, anything that can be dematerialized digitally, capital-intensive goods, goods with high fixed cost of production and low marginal costs.
0 to 2%: Unskilled labor, non-premium land and property, labor-intensive goods
6-8%: High quality education, medical care, property, naturally scarce goods.
8-24%: Debt, equity, prime, luxury property, and elite products.
Thanks to Stephen Chow for creating a transcript of the conversation, you can find the original on Medium and here on academy.saifedean.com.