THE BITCOIN FIX

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A recent interview with noted crypto backer Michael Saylor might well have been taken as over-the-top crypto babble a few years, or even a few months ago, when Bitcoin and the blockchain sphere was diving (again).

But with cryptos up again, and an undeniable rising tide of both consumer and institutional interest, Saylor’s thoughts don’t sound as far-fetched.

The head of MicroStrategy, an investment firm that has been betting on Bitcoin for years, noted that plenty of CEO’s at big companies, like Jack Dorsey and Elon Musk, have significant bitcoin investments. But he said they should be doing more to leverage and advance crypto usage for payments and other purposes.

He went further, explaining that nations could ameliorate their own bad monetary policies by opening the door to Bitcoin.

Ambcrypto.com, reporting on the interview, noted that Saylor had advice for Apple, not currently known to have significant bitcoin investment, and other companies:

“What’s in the iCloud now, right? Your videos, your photos, your documents and your communications. What’s not in the iCloud now? Your money. What happens when 100 trillion dollars gets slurped out of 20th century property? Which is land, real estate, gold, bonds, securities–what happens when 100 trillion dollars gets slurped into digital property? It’s got to land in the iCloud or the equivalent of the Android cloud or in Facebook.”

Saylor suggested that Apple (and/or Facebook or Square) could integrate bitcoin into their platforms and virtually take over banking:

“If 100 million people have $10,000 sitting in the iCloud, then you just became the world’s biggest, most profitable bank in the history of mankind, right?”

The Trends Journal noted in February 2021 that average consumer investors were showing more interest in cryptos, and significant growth was likely. (see “ELON MUSK: TECH OUTSIDER?”

Since then, crypto-users around the globe nearly doubled, from 100 million in January 2021, to 221 million in June, according to a crypto.com study.

TJ Publisher Gerald Celente traveled to Arizona this past week to speak at a comedy tour event by Max Kesier and Stacy Herbert of “The Orange Pill Podcast,” provocatively titled “F*ck Elon.” A recorded livestream of the event is available here.

The title alludes to contrary statements and actions of the Tesla CEO, who has variously pumped Bitcoin and Dogecoin, a “meme” crypto, then bailed, then climbed aboard again. Tesla briefly accepted bitcoin payments this past spring, before nixing the move, over “environmental concerns” of bitcoin mining.

At a previous Bitcoin 2021 conference, Keiser made a point that Bitcoin has proven that no one, no matter how influential in their own industry or sphere, has kept the network from growing.

Kaiser and Saylor have both been leading voices for Bitcoin adoption, arguing that even national economies could experience huge benefits.

According to Saylor:

“If Apple, Google, and Facebook build Bitcoin into their application, they improve their business. If El Salvador or Cuba or Turkey or Japan or Russia or the US or the UK or France buy Bitcoin, they fix their balance sheet.

“Every company on Earth, if they buy Bitcoin, they fix their balance sheet. So Bitcoin is the solution to hundreds of thousands of entities. And if you don’t own it, you’re not exposed to each of those entities, right?”


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9 Comments
  1. RICHARD ALLEN 1 year ago

    When the electric grid crashes…who owns BitCoin?

    • malvarez 1 year ago

      Ive asked and no one can give me a straight answer. Ive even gone as far as asking what the hell is gonna happen to bitcoin when they decide to use an emp.

      • Orion Paul 1 year ago

        The emp would have to entirely global. Bitcoin is a decentralized entity. You cant just drop an emp and kill it. If it was that easy, dont you think the U.S. wouldnt haave already done it? Bitcoin is worse than a cockroach. You need to do your research. Peace

    • Joseph Barto 1 year ago

      If we have a solar flare or a man made ooops and the grid goes down, you can either wait until it comes back OR you can do the same thing. Grid down = bitcoin dead. Hmmmmm. No money, no food, Kinda ugly.

  2. Larry Angyalosi 1 year ago

    When the financial crisis hits I think silver and gold will rule, the Government has no idea who has what and how much.
    Not so sure Bitcoin !

  3. Andrew Joiner 1 year ago

    As long as 1 computer on earth still survives a blackout then the Bitcoin ledger is still alive.
    The entirety of Bitcoin from the start to the present lives in every computer that participates in the network.
    If Bitcoin were to be wiped out then civilisation as we know it would cease to exist. We would be back to the stone age and where your Bitcoin is, would be the very least of your worries.

    • Orion Paul 1 year ago

      Indeed! Well said andrew! If you are that worried, just pad your portfolio with the basics, gold, silver, bitcoin, guns and bullets! Plus plenty of food and water for at least 3 months. If you can afford to be on here, dont tell me you cant afford to do at least that! A little common sense will go far when all these moron sheeple are walking around with their masks on and thumbs up their ass when the defecation hits the ac unit! Lol Peace

  4. mnpund 1 year ago

    Bitcoin, as a medium of exchange is well suited to the modern digital age. It is the accumulation of centuries of scientific knowledge and understanding and it is a payment system that solves a lot of our current problems because of its decentralised nature. It therefore seems like a natural evolution. Also, in relation to environmental concerns of mining bitcoin, the use of fiat currency and its associated problems causes infinitely greater harm. Infinite printing causes infinite harm in its effects. A full transition to bitcoin and a complete destruction of fiat could allow for a complete re-design of our culture and a movement towards something better. In fact isn’t this what we all want? Something better? Whether that something better if it were to come about has bitcoin in its future who knows, but without bitcoin, I’m afraid that such a transition towards something better may never become possible.

  5. […] “THE BITCOIN FIX” (24 Aug 2021) […]

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