i think microstrategy is a leveraged, long bitcoin play. and it's also an enterprise software company. investors are trying to evaluate how to separate the two businesses and our growth prospects in either. our strategy with bitcoin is we acquire bitcoin, when we think the market timing is right. it has worked out pretty well for the past 12 months. we've put about $3.1 billion in bitcoin, and our position is worth more than $7 billion right now, so i'm pretty pleased with the way the macro trend is working. emily: let's talk about the macro bitcoin trend. obviously big moves last week coming into this week. what do you read into it? michael: it's all bullish. you've got great statements coming out of the senate, great support in congress and great support from the regulators. you've got two etf's coming online. you read today about etf's coming online in australia. i think the etf action is bullish for the doctor. -- for the stock. i think all of the regulatory clarity is going to be really, really good for bitcoin. emily: there is still n

emily: michael saylor, cofounder of microstrategy.his is bloomberg. ♪ emily: 2021 march the year the first bitcoin etf and the opening of the floodgates to institutional investors. here is a conversation with my colleague. >> we are really excited to bring the ipo, the first bitcoin linked etf to investors as an important opportunity for them conveniently to invest in bitcoin in their regular brokerage account. in the regulated futures market and in a plain old etf wrapper. so we think this is fort many people who been waiting for an easy and robust way to do this to now be involved and have it in their portfolios. >> do you think the average investor is going to understand the difference between a cash settled futures etf and etf based on the underlying -- this is going to come with costs. do you think the investor you're talking about, is this the right product for them? >> we want them to understand. we think there are some key advantages. there have been a growing group of experts who have been writing that the futures market is o

how it showed up in the crib no stocks, blockchain marathon and microstrategy lower on the day.ment shoot up tomorrow? if it does, do we see crypto names shoot up with that? emily: we will be watching that. thanks. the idea of smart glasses has been around for a while we have had spectacles, google glass and meta-'s tie up with ray-ban. can big tech make them mainstream? they might with the help of opticians. alex explains. >> during lockdown, people's eyesight got worse. the bad news is potentially an opportunity for the silicon valley companies betting on smart glasses being the next big thing. there is data that shows how bad people's eyesight got over the past few years. in the u.k., the royal college of optometrists found 22% of written's think their eyesight deteriorated over the past two years. similar data comes out of the u.s. and china. potentially bad news for looking at computer screens but when you think about augmented reality, the companies that make smart glasses think of it as real estate. if you have to buy glasses, it is easier to convince you to upgrade to so

and microstrategy's all higher after the fed meeting. emily: thank you very much.ht, pandemic-related monetary policy is coming to an end, with the fed indicating it will be making aggressive moves in response to rising inflation. i want to talk about how this could impact the world of venture capital with benchmark partner's eric vishria. great to have you back on the show. how closely are you following what is happening with the fed and what we expect to happen with inflation, given you are making early-stage bets, but have to be thinking also about the macro picture? eric: i follow it like anybody does and have no particular expertise on it. i think that stage that we are investing, which is typically under five people or 10 people, very early stages, you have to have a decade-long view of what will happen. since macro is impossible to predict in 10 years -- since macro is day-to-day, it is definitely impossible to predict in 10 years. the view is, is this going to be a good company over time? if it works out, most of the rest of it will take care of itself. emi

informed group of folks that have been immersed in crypto for quite a while and i think that mara and microstrategyames that were there necessarily, scott, but those are many of the coins that are in my portfolio right now. and i look for a lot more upside jill mentioned coinbase. that was, i thought, some very great conversation from her. the woman at coinbase. she wound up speaking before the questioning began. >> weiss, so, you know own gray scale bitcoin trust. i'm curious to how you view the recent volatility that has plagued the space. >> i also own bitcoin outright i don't view favorably because it cost me some money. volatile asset class and speculative asset class without a real utility and that's okay i'm fine with that it's not going to be a currency. i'm there, not big positions but i do think that momentum will pick up in terms of more attention to it. and so i just want to be there i want to be involved. >> okay. >>> up next, the committee ready to answer your questions and do not miss jim cramer special event tomorrow jim is going to share his outlook for '22. answer members' questio

this is of microstrategy this is much lower you may remember it's invested significantly in bitcoin iy. >> i don't know the answer to that i know that interview got a lot of attention that guy is truly an evangelist. at the end, it's like the entire company, like 95% of the market cap? >> it is a bit of a leverage play they have raised some -- that's what it is >> you would imagine that's where i got the term gigastacker. he's probably gigastacking today. we find out at the end of the quarter just how much. >>> there's breaking news from mayor de blasio. the city is putting in place a vaccine mandate for private city employers. the city is also expanding the vaccine man dade for indoor dining, fitness and entertainment to include children 5 through 11 who are not eligible for the vaccine and now requires at least two doses of a vaccine that would be up from one. i don't know what that means with j&j, which is still a one-shot vaccine >> and mixing and matching boosters, i guess? >> that's a big guess. >> i was going to say, there is evidence that one shot two or three weeks after one

cases in the business world we'll tell awe comes next in the elizabeth holms' trial check out microstrategyoin for 90 billion in cash they own 124,000 bitcoins. the bitcoins are stabilizing, rlter falk back below 50k eaier in the week. 47.5k at the moment. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> an update on two major legal cases in the business world, first up, the criminal fraud trial against theranos elizabeth holmes deliberations are set to resume monday morning and a bankruptcy judge extended temporary opioid lit giegs for the sinclair family, the owners of purdue pharma earlier, a judge overturned the settlement that provided the family a legal shield. when we come back, we got facebook's spin strategy we will talk with authors of the new "wall street journal" piece that reveals the playbook when it comes to bad press. that's next. >>> former dallas fed richard fisher will talk to us about ate expects from the central bank in the new year "squawk box" will be rig

ether prices up 2% and then coinbase global microstrategy both unchanged in the premarket and we'll watchof move, joe, with bitcoin prices i'll send things over to you >> so many things in hindsight when we see them, dom. $150 for a company that makes exercise bikes i mean, did that, did anyone ever think about that? you reopen and for me if i don't have someone telling me i have to do something, i'drather watch tv, you know it helps to go to the place. we should have known when planet fitness or lifetime, that was going to happen and look at that >> just like manhattan real estate we knew that was going top happen, as well. >> do you have a screen or inflation beneficiaries. are you ready for this number? will you change what you do for the rest of the day based on what we see? >> yes, we do have a number of screeners we watch and specifically, you know, i got a lot of different screens on my desk right now we kind of put together some of those typical lists that we'll watch. the type of stocks and the type of assets we'll do based upon certain types of moves i know we'll have some marke

microstrategy, of last from the past. a software maker, another have bitcoin on the balance sheet, down 3.2% in sympathy with the coin. peter: we appreciate that market update. looking at the spx year-to-date, up 28%. you have to say, what do we do as we flip the calendar for 2022? let's check out with anderson lafontant, from miracle mile advisors. what do i do in the equity market as i just had a riproaring 2021? anderson: we are saying the same thing. omicron is spreading like wildfire but it is clear that it is not as serious as delta. it is still a puzzling time for investors. you look at 25 people you have -- two to five people you know have omicron and we have to find opportunities pay one area we like is energy. there has been significant diminishment and usage during the pandemic. we think it will take a few years for supply to catch up to demand. we expect a high in 2022 and 2023. we still think in a longer term there is room to run. we think this will be a good area that investors should looking -- be looking a