and michael saylor was saying life the reason i buy that and the reason he's got that in there is a head is because of all the money printing and the irresponsibility never thing we're talking about here michael saylor saying look the reason i own because i own is it's more than a heads it's actually a solution to this problem. what yeah it's a good way of looking at it you know. he said in the other time we were chatting it out earlier that you know we know each other for 15 years and you know back years ago when become was 1st getting started. you know you and i had a number of conversations and it took me a little bit to get over the hurdle of what it was but you know when it reached $100.00 i became a believer that you know when was it and i've said it in subsequent interviews. that can be found on the internet that it was the curse. and i still believe that because it is proven to be an escape currency it's a way of getting your purchasing power into something that's relatively safe but i'd like to make a point you know comparing it to gold because you know people try to say that th

that airplane trying to land you know there's a great debate recently between frank justa and michael saylor of micro strategy as a goal versus bitcoin debate and one point that came up which i thought was interesting is that frank in talking about all the saying look i've got some percent of my par fall you know in gold as a hedge and michael saylor was saying look the reason i buy that and the reason he's got that in there is ahead is because of all the money printing and the irresponsibility never thing we're talking about here michael saylor saying look the reason i own big cohen is it's more than a head it's actually a solution to this problem. you know what here yeah it's a good way of looking at it you know. she said then the other time we were chatting earlier that you know we've known each other for 15 years and you know back years ago when becoming was 1st getting started. you know you and i had a number of conversations and it took me a little bit to get over the hurdle of what it was but you know when it reached $100.00 i became a believer that you know it was a and i've said it

romaine: it is great that you mentioned cathie, michael saylor, elon musk, some big-name people coming in to reiterate that they are holding the line. i'm curious about some of the inflationary pressures and inflationary fear and how much that played into not only the selloff we saw in stocks, but also to a certain extent, the rebound we saw in crypto in the middle of the day. katie: if you look at some of the measures that were really spooking stocks in the last two weeks, you look at breakeven rates, you look at commodities, all those have been evening out. copper, soybeans, lumber, all down from their peaks. the fed saying they expect any burst of inflation to be transitory because, i mean, you have this unprecedented boom in demand hitting supply chains, so there has been really disrupted by the pandemic, but as some of those problems get ironed out, some of that has been easing. you see these inflation pressures come down a little bit, and maybe that is part of the reason you sawtek kind of lead us out of the dark and lead that stock rebound specifically. taylor: can we talk about

things game that would devalue everyone's currency their purchasing power and then starting with michael saylor of micro strategy here in the united states. his company and now there are almost 40 companies and now companies and asia are launching what you would call speculative attack they're calling the central planners in the central bankers the law they're saying ha ha we see you here printing trillions and we're going to buy pickling with that and we're going to defund you similar to what soros did in 1903 to the bank of england but this is done now on a global scale a multi 100 trillion dollar scale and that's why big claim price is going no 50607000 well many have said that we're in a similar situation to the great depression in the great depression of course also saw geo political game theory happening in beggar thy neighbor i think it was the u.k. who actually pulled themselves off the gold standard 1st then are revalued gold in order to diminish their own debts and to fight the deflation so you're seeing the same thing on the other side here as rapid money printing just accelerated an

to kind of a search a superior understanding of money but was then once again silenced after michael saylor of micro strategy who answered him by highlighting the differences between pay pal and stating that the world needed at the centralized security flay share a store of value much more than it needed a centralized less secure inflationary medium of exchange so now there's actually a petition for him to actually sell his holdings so there's a petition on change dot org that's currently gathering signatures to make iran divest himself of his personal stash of decline louse of a bit coin community of not having it and i know it wasn't surprising to see you on meth get into big choir and what was surprising has been how much weight you put behind those coins all of us basically trolling the entire and the street he's a giant troll i can't think of a more perfect word to describe it. a lot of questions about how he thinks that that's going to work for him in the future but ok one of these concerns that he says that he's bringing up about bitcoin is related to energy consumption and would you

hard money right because it is the spec of attack calling time on the central banks people like michael saylor and are going to cause huge changes upright when circuit breaker they will be come back much more coming your way. so what we've got to do is identify the threats that we have it's crazy for them to let it be an arms race is on all fronts very dramatic development the only move really i'm going to do i don't see how that strategy will be successful very critical time to sit down and talk. deals and so countries. it's only been sleep through any no apology it's a country that's failing to date 2 big holes in apologies and has created being sounded on to joost over time both domestically and abroad as well. welcome back to the kaiser report imax guys are time now to turn to alex he's the founder of amber app check it out i also wrote a piece that's really interesting here fast as i'm and communism this is our 2nd little segment here alex welcome back and you ask all right so now in this piece and you recently tweeted that if fieri home is the state sponsored attack on bitcoin so a theor

hard money right to claim is the spec of attack calling time on the central banks people like michael saylor are going to cause huge changes upright with circuit breaker they will be come back much more coming your way. welcome back to the kaiser report imax kaiser it's i'm going to turn to alex he's the founder of amber app check it out i also wrote a piece that's really interesting here fast as i'm and communism this is our 2nd little segment here alex walking back and you ask all right now in this piece and you recently tweeted that if theory home is the state sponsored attack on bitcoin so a theory i am is a crypto coin it's not bitcoin it's it's got a high so called market capitalization it's been around for a while and it's got a lot of controversy surrounding it your thoughts here is that it is the state sponsor attack on bitcoin ok what are the get into that please well let's let's think about it so the state conflict they realized early on that they can't turn to crime not you know they tried with silk road you know they've they've said all sorts of stuff they've been describing it

to kind of a search his superior understanding of money but was then once again silenced after michael saylor of micro strategy who answered him by highlighting the differences between pay pal and stating that the world needed to be centralized secure deflationary store of value so much more than it needed a centralized less secure inflationary medium of exchange so now there's actually a petition for him to actually sell his book when holdings so there's a petition on change dot org that's currently gathering signatures to make iran divest himself of his personal stash of decline wow us of a bit coin community of not having it and i know it wasn't surprising to see you on most get in a bit quiet and what was surprising to have been how much weight you put behind coin all of us thought this basically trolling the entire industry he's a giant troll i can't think of a more perfect word to describe it. a lot of questions about how he thinks that that's going to work for him in the future but ok one of these concerns that he says that he's bringing up about bitcoin is related to energy consumptio

hard money right pickling is the spec of attack calling time on the central banks people like michael saylor and are going to cause huge changes ok when 2nd break they will be come back much more coming your way. you choose not the country that's. so country that is founded on slavery in the new ball of it's a country that's today. even policies that he has created. to joost over time both domestically and abroad. credit if you will work when you can for both of those with a chance. to grow the agency of a major woman with the ocean floors in which to keep the interests of all her. fortune and you through you that i see no reason to because i live my think if you get. pleasure who fish not go for the beautiful bill and want to be sure that it is the day to be sure that the sure small but the worst of us was simply she beautiful possible the words told once this issue will. go well for you really the group is not out of the store to get the beat and if we do you buy as of much of what you mean yes definitely ceased door mama was a shed but they say you could be a queen you do it in a police c

to kind of a search his superior understanding of money but was and once again silence after michael saylor of micro strategy who answered him by highlighting the differences between pay pal and stating that the world needed the centralized security flay share a store of value much more than it needed a centralized less secure inflationary medium of exchange so now there's actually a petition for him to actually sell his quite holdings so there's a petition on change dot org that's currently gathering signatures to make iran divest himself of his personal stash of decline wow so the big question community of not having it and i know it wasn't surprising to see you on most get into a bit quiet and what was surprising has been how much weight you put behind coin all of us specifically trolling the entire and the street he's a giant troll i can't think of a more perfect word to describe it. a lot of questions about how he thinks that that's going to work for him in the future but ok one of these concerns that he says that he's bringing up about bitcoin is related to energy consumption would yo

hard money right pickling is the spec of attack calling time on the central banks people like michael saylor are going to cause huge changes ok they will be come back much more coming your way. but it will work for you too for both of those with a chance. to grow the agency a major woman it's all. just took you into the. bush 90 students that are saying no was no good because the why didn't give you. pleasure who fish. bill in water should that if he's the. worst in the us was. the political word schooled once this issue will. go well for. this but the story could get to be if we had such a bunch of mean yes to the door mama as they should but they say you feel when you get out of the scott. peterson you're shouldn't be super nice and cut off what she has a mistress. welcome back to the kaiser report imax kaiser it's i'm going to turn to alex he's the founder of amber app check it out i also wrote a piece that's really interesting here fascism and communism this is our 2nd little segment here alex welcome back and you ask all right so now in this piece and you recently tweeted that if theory

to kind of a search of superior understanding of money but was then once again silenced after michael saylor of micro strategy who answered him by highlighting the differences between pay pal and bitcoin stating that the world needed to be centralized security flay share a store of value much more than it needed a centralized less secure inflationary medium of exchange so now there's actually a kitchen for him to actually sell his quite holdings so there's a petition on change dot org that's currently gathering signatures to make iran divest himself of his personal stash of quine laos of bitcoin community of not having it and i know it wasn't surprising to see iran must get into big choir and what was surprising has been how much weight you put behind coin all of us basically trolling the entire and the street he's a giant troll i can't think of a more perfect word to describe it. a lot of questions about how he thinks that that's going to work for him in the future but ok one of these concerns that he says that he's bringing up about bitcoin is related to energy consumption would you say th

and then michael saylore on friday, talking about what he says is a rebirth. take a listen to this. >> bitcoin's coming to life. it's an institutional grade safe haven asset and although there's volatility, the volatility is the price you pay for it to be 10 x outperforming the s&p index over a decade and be outperforming nasdaq and s&p by a factor of eight in the last 12 months >> all right, jim, that's the price you pay. >> well, look, microstrategy has always been looking for kind of a macrostrategy. and david, you know that microstrategy has been around forever. it's interesting that they're able to -- remember, they had that period, remember that period, david, in 1999, when they went from 118 to 3,140? >> i remember that period. this is an interesting period as well the stock sup 340, 400%, something along those lines. >> they are in business with software. >> and they're really about how much bitcoin they own. >> and that was a fascinating interview with mr. saylor. followed closely extraordinarily smart when you listen to the detailed understanding tha

looks like we've got just a little over two minutes left in the trading day just a tweet from michael saylorners they have agreed to form a bitcoin mining council to promote energy usage transparency so elon is in cahoots with them now and the price of bitcoin jumped over $1,000 on that news. >> we could spend hours debating this it still doesn't alter what's being used to mine it at the moment and that it is very energy intensive >> seeing what they can do about it mike, under the two-minute mark, what do you see in the market internals? >> $1.2 trillion market that gets jerked around because down the road they may use less energy, interesting. not overwhelming, so gently lower volume lift across the board. as i mentioned, it is the big growth stocks contributing to this s&p gain right around that 4200 round number. the mega cap growth versus the equal weighted s&p and it's beating it by a full percentage point. so it is the facebooks and alphabets and microsofts up more than 2% on no news the volatility index has given way, resumed its downtrend now down below 19 so we'll see if we can get