In this episode of UpOnly, Cobie & Ledger talk to Michael Saylor, CEO of MicroStrategy, and one of the biggest advocates for Bitcoin in the world. Presented by FTX: https://uponly.tv/ftx 00:00 - Intro 02:30 - Saylor’s Crypto Journey / Preserving Buying Power 23:20 - Shifting From a Defensive Treasury Reserve Strategy to a Capital Raise Mechanism 35:50 - MicroStrategy 38:50 - Crypto’s Cyclical Nature / Monetary Policy / Monopolies and Inflation 53:10 - Bitcoin vs. Other Cryptocurrencies / Bitcoin as Digital Property 1:05:05 - Network Effects / Digital Property / Regulatory Compliance 1:28:50 - Investment Thesis / Portfolio Strategy / Understanding The Risks 1:37:22 - Manhattan Analogy / Bitcoin’s Transactional Activity 1:53:15 - Crenshaw Memo / Regulatory Compliance / DeFi 2:00:45 - Alpha