Where Does Michael Saylor Hold the 580,250 Bitcoin at MicroStrategy?

3 months ago
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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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