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Where Does Michael Saylor Hold the 580,250 Bitcoin at MicroStrategy?
Live from Bitcoin 2025 in Las Vegas, where things are heating up and fast. Rustin is joined by Adam O’Brien, CEO of Bitcoin Well, for a no-holds-barred conversation on what may be one of the biggest Bitcoin controversies of our time: Is MicroStrategy actually holding real Bitcoin… or just playing an elaborate paper Bitcoin shell game?
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CHAPTERS:
00:00:00 - Introduction: Is Michael Saylor Buying Fake Bitcoin?
00:00:46 - Saylor on Proof of Reserves: A Controversial Stance
00:02:35 - Adam O'Brien's Reaction: Slaying Heroes
00:03:36 - Countering FUD: The Need for Transparency
00:05:09 - The Dangers of Paper Bitcoin vs. Real Bitcoin
00:07:21 - Public Addresses and Security: A Misunderstanding?
00:08:45 - Market Dynamics: Trillions Coming into Bitcoin
00:09:50 - The Fiatization of Bitcoin: A Shell Game?
00:11:25 - Worst Case Scenario: Government Intervention and Control
00:12:26 - The Importance of Self-Custody: Own Your Bitcoin
00:12:55 - Conclusion: Self-Custody or GFY
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