Michael Saylor - Bitcoin IS YOUR BEST BET For Financial Success!

Michael Saylor - Bitcoin IS YOUR BEST BET For Financial Success!

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In this video, Michael Saylor explains the differences between a saver, a trader, an investor, and a speculator.

What follows is the summary of the interview.

As an investor, you should figure out what you're investing in, and start working through the competition issues. Also, work through your ambition, and work through the regulatory issues.

There's a quadrant or segmentation called investors' segmentation. Here, we have a saver, trader, investor, and speculator. A saver is someone that simply wants to keep their money for 100 years to preserve property and save for grandchildren. The traditional technique involves buying gold, land, or any stable asset such as Bitcoin. In short, it involves swapping a weak asset for a strong asset or selling a weak currency and buying a strong one. The timeframe is 100 years.

An investor has a 10-year timeframe. For example, you can buy Apple, Amazon, Facebook, or Google, if you think that the price will go up by a factor of 10 where you might lose half of your money. That's much riskier than saving.

As for Bitcoin, it requires no CEO, board of directors, or employees to work for it. So, this is less risky. Unlike the above-mentioned tech companies, no one can regulate Bitcoin.

Traders take risks by betting on derivatives. To be right on Apple stock, you've got to hold it for a decade. But if you're a trader, and you are trying to guess whether the quarterly results would be good, you have to guess whether the market has assumed that they're going to print a good quarterly number. You have to trade against market sentiment.

If you're a speculator, you just buy a stock or coin to see if it'll go up. If you want to go low risk, you can use a savings strategy. If you don't like Bitcoin, you can buy a stack of market baskets of scarce assets that are going to hold their value in an inflationary monetary environment that nobody can screw up. You can also emulate Warren Buffet by buying a stock and holding it forever. As a trader, you should have proprietary liquidity or algorithms and be in between two and efficient markets. If you want to be a speculator, risk only what you can afford to lose.

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Welcome to "Savvy Finance 🤝
This channel is all about being savvy with your finance 💰.

We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA and other altcoins. 🗠

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