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MicroStrategy announced it has purchased 21,454 bitcoin, totaling some $250M.

In the briefing, CEO Michael Saylor shared a lot of the same sentiment that many of us do about the state of the economy.

A few favorites 👇
- Dependable SoV
- Preferred long term to cash
- Bitcoin is a legitimate investment
- Can be superior to cash
- concerned with unprecedented government stimulus measure
- this & other events will lead to the depreciation of fiat currencies
- Reasonable hedge against inflation
- prospect of earning a higher return than other investments
And that bitcoin is harder, stronger, faster, and smarter than any money that has proceeded it.
This is only the beginning as more companies lose faith in fiat currencies and seek out a decentralized SoV.

Full briefing ⬇️

ir.microstrategy.com/news-releases/…
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Rob Sarrow 💫
@rsarrow
We need to restore accountability to the economic order.

A recap from today's Swan Signal with @coryklippsten & @Breedlove22 👇

cc @SwanBitcoin
Inflation is a form of counterfeiting that has been exacerbated by the redemption certificates (ie fiat)

Fiat currency is a political tool that facilitates the institutionalization of time-theft, perpetrated by central banks around the world.
In creating Bitcoin, Satoshi gave people the ability to opt out of unethical money production that has plagued society for decades.

And in doing so, provided the first check in a growing toolkit towards the path of sovereign individuality.

medium.com/@danhedl/plant…
Read 14 tweets
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Rob Sarrow 💫
@rsarrow
Fantastic conversation between @LynAldenContact & @JeffBooth today on Swan Signal.

A🧵

cc @SwanBitcoin
There are 4 ways a government can finance debt:

1. Domestic government borrowing
2. International government borrowing
3. Quantitative Easing (QE)
4. Modern Monetary Theory (MMT)

All involve taxing the people and redeploying capital into the economy.

lynalden.com/quantitative-e…
Government's issue bonds that individuals and institutions can choose to buy in exchange for interest payments/return of capital upon maturity.

This extracts money out of the economy as the government deploys it back in the form of public spending (ie military, public services)
Read 19 tweets
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Rob Sarrow 💫
@rsarrow
Our economy and the medium of exchange we use for trade, has been co-evolving ever since humans first started trading with each other.

As we move towards a more fluid system of payments here are a few key trends that will further shape the evolution of money.
Digitalization:

The world is becoming increasingly digital every day, as businesses continue to improve their processes by digitizing them and consumers continue to increase their demand for digital services.
Native Digital Money:

As we digitize our business processes it is imperative to have programmable money.

Bitcoin is the clear leader but I want to make note of the wild west & purely digital incentive structure built around DeFi that is creating new forms of cooperation.
Read 7 tweets

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