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Michael Saylor’s 21 Rules for Bitcoin Calls Bitcoin ‘Chaos’ and an ‘Economic Virus’

Financial Block Staff

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Michael Saylor’s 21 Rules for Bitcoin calls Bitcoin ‘Chaos’ and an ‘economic virus’

In his talk at BTC Prague, MicroStrategy CEO Michael Saylor articulated a vision in Bitcoin as the world’s first perfect money, a profound innovation with the potential to reshape economic and political systems globally. Drawing parallels to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive economic force, ushering in a new era of financial insight.

Saylor’s presentation seemed more like a sermon than a lecture, reminiscent of a church pastor preaching to his flock about salvation. Unlike a religious leader, Saylor’s sermon focused on reaffirming and encouraging the audience to believe in Bitcoin, not in God, not in himself, not in his company, in a cultural personality, nor in anything other than the self-sovereignty and the β€œperfection” of Bitcoin. One of his final lines about those who sell Bitcoin was:

β€œSatoshi forgive them; They don’t know what they’re doing.”

Saylor introduced a concept he called the β€œ21 Rules of Bitcoin.” While he acknowledged the subjective nature of these rules, he framed them as guiding principles for understanding and adopting Bitcoin. According to Saylor, those who understand Bitcoin invariably choose to invest in it, while those who don’t understand it tend to criticize it. This dichotomy emphasizes a fundamental paradigm shift where traditional perspectives on money and value are challenged.

Michael Saylor’s 21 Rules of Bitcoin

  1. Those who understand Bitcoin buy Bitcoin. Those who do not criticize Bitcoin.
  2. Everyone is against Bitcoin before they are for it.
  3. You know you understand Bitcoin when you know you will never fully understand Bitcoin. You will never be done learning about Bitcoin.
  4. Bitcoin is powered by chaos.
  5. Bitcoin is the only casino game where we can all win.
  6. Bitcoin will not protect you if you do not wear the armor.
  7. Bitcoin is the only thing in the universe that you can actually own.
  8. Everyone gets Bitcoin at the price they deserve.
  9. Buy Bitcoin only with money you can’t afford to lose.
  10. Tickets to escape the matrix cost in Bitcoin.
  11. The view of Bitcoin is restricted to those who need to know.
  12. All your models will be destroyed.
  13. The cure for economic ills is the orange pill.
  14. Be for Bitcoin, not against the decree.
  15. Bitcoin is for everyone.
  16. Learn to think in Bitcoin.
  17. You don’t change Bitcoin; it changes you.
  18. Laser eyes protect you from endless lies.
  19. Respect Bitcoin, or it will make you a clown.
  20. Do not sell your Bitcoin.
  21. Spread Bitcoin with love.

One of Saylor’s key points was Bitcoin’s intrinsic value as β€œperfect money,” contrasting it with historical and contemporary forms of currency such as shells, tobacco, and fiat money. He emphasized that the value of Bitcoin does not lie in the appreciation of assets, but in realizing its absolute value in a distorted financial landscape. This shift in perspective, similar to a scientific revelation, forces individuals to break away from conventional thinking and embrace Bitcoin’s innovative structure. He reiterated that everyone gets Bitcoin at the price they deserve and seemed pleased to lose Bitcoin at $950.

β€œI got the price I deserved and I started buying for $9,500, but that’s okay, I’ll buy for $95,000 and $950,000, and I’ll buy for $8 million.”

Saylor also highlighted Bitcoin’s unique position as an β€œeconomic virus” that will permeate layers of society and technology over time. He argued that a proper understanding of Bitcoin requires an appreciation of its long-term potential and impact on future generations. This perspective requires continuous learning and adaptation, recognizing that Bitcoin’s influence will evolve with technological advances and social structures.

Addressing the volatility and inherent risk of traditional investments, Saylor presented Bitcoin as a hedge against chaos and entropy. He compared Bitcoin to a refuge in a world characterized by instability, drawing a historical analogy with the stability of Swiss banks during World War II. This perspective frames Bitcoin as a resilient asset capable of withstanding and benefiting from global economic turmoil.

β€œAre you in the business of profiting from chaos or stopping it? You can’t stop entropy […] Bitcoin is the house of chaos – anyone who wants to play this game can keep winning.”

Saylor further articulated that Bitcoin represents true ownership in a world where external entities control the majority of assets. He emphasized decentralization and secure nature of Bitcoin, making it the first asset in human history that individuals can genuinely possess without relying on intermediaries. This principle of ownership is fundamental to understanding Bitcoin’s value proposition. He argued against the concept of investing only what you can afford to lose, instead advocating investing the money you can’t afford to lose in Bitcoin.

β€œWhen you say only invest with money you can afford to lose, you are making the moral equivalence of gambling with the odds against you […] Nobody says just put the kids on the school bus and you don’t need me to come back.”

In closing, Saylor emphasized the importance of spreading Bitcoin adoption through positive engagement rather than confrontation. He advocated a compassionate approach to educating others about Bitcoin, emphasizing that resistance often stems from a lack of understanding. By promoting Bitcoin with love rather than hate, advocates can promote broader acceptance and accelerate global adoption of this revolutionary technology.

Saylor’s talk at BTC Prague was a call to embrace the transformative power of Bitcoin. His β€œ21 Rules of Bitcoin” are a roadmap for understanding and navigating this new economic paradigm, emphasizing continuous learning, resilience against chaos, and a compassionate approach to spreading the benefits of Bitcoin. benefits.

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We are the editorial team of Financial Block, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Financial Block, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

Big Tech Outperforms Bitcoin (BTC) as Trump Deal Weakens Token

Financial Block Staff

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Big Tech Outperforms Bitcoin (BTC) as Trump Deal Weakens Token

Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.

The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.

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‘This is huge’ β€” Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump

Financial Block Staff

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'This is huge' β€” Billionaire Mark Cuban issues 'incredible' Bitcoin and crypto prediction amid price slump

Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with β€˜revolutionary’ plan.

Subscribe now to Forbes CryptoAsset and Blockchain Consultant and “discover blockchain blockbusters poised to generate 1,000%+ gains” after the bitcoin halving earthquake!

The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.

Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.

Sign up for free CryptoCodex nowβ€”A daily five-minute newsletter for traders, investors, and crypto curious people that will keep you up to date and ahead of the bitcoin and crypto bull market

ForbesElon Musk Suddenly Breaks His Silence On Bitcoin After Issuing Shocking Warning Of US Dollar β€œDoom” That Could Trigger Cryptocurrency Price BoomBy Billy Bambrough

Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.

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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.

“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.

β€œThe reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. β€œTens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”

John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”

Sign up for CryptoCodex nowβ€”A free daily newsletter for the crypto-curious

ForbesCryptocurrencies Are Suddenly Bracing For A ‘Very Major’ U-Turn In China After Wild Price Swings For Bitcoin, Ethereum, XRPBy Billy Bambrough

Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.

Forbes Digital Assets

Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become β€œa global β€˜safe haven’” and a β€œglobal currency.” potentially sending the price of bitcoin to a much higher level.

According to Cuban, bitcoin could become what its most ardent supporters β€œenvision” β€” a means β€œof protecting our economies… This is already happening in countries facing hyperinflation.”

The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.

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Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise

Financial Block Staff

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Bitcoin Mining Profitability Surges in June as Market Adjusts for Halving: Jefferies

Please note that our Privacy Policy, terms of use, cookiesIt is do not sell my personal information Has been updated.

CoinDesk is a awarded media outlet that covers the cryptocurrency industry. Its journalists follow a strict set of editorial policies. In November 2023, CoinDesk has been acquired by the Bullish group, owner of Optimistica regulated digital asset exchange. The Bullish Group is majority owned by Block.one; both companies have interests CoinDesk has a portfolio of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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Why Trump Wants the US Government to Have a β€œNational Stockpile” of Bitcoin

Financial Block Staff

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Why Trump Wants the US Government to Have a β€œNational Stockpile” of Bitcoin

At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan β€” building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.

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