Misleading statistic because much of Bitcoin's energy usage is often from stranded, wasted sources that others cannot utilize. It has also been shown in 20 peer reviewed papers and 7 independent studies to stabilize and decarbonize grids, mitigate methane and lower electricity prices and is 52.4% sustainably powered (unlike the much lower sustainable power mix of the banking industry, and gold mining - which Bitcoin provides viable and technologically superior alternatives to)
source: https://t.co/Tdq6i0kBY3
Contrary to the implications of this tweet, Bitcoin has 19 well documented usecases that create value to society.
source: https://t.co/WAxnGEmcku
Important context: Bitcoin threatens IMF with disintermediation in 5 ways which I have categories previously here --> https://t.co/G409u9fmAn
and IMF has a reputation for openly opposing Bitcoin, repeatedly citing "concerns" that have consistently failed to materialize. (source: https://t.co/EmWEe1DdsD)
Its perspective on Bitcoin is neither neutral nor objective.
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Hey @joerogan , @saylor’s a must-interview. Strategy’s operational profits were ~$400M'ish (~$75M/year, non-GAAP) over the 5 years, yet he was still able to grow his Bitcoin holdings by $58,500,000,000—~146X his profits. Why this is so noteworthy is he was able to do this WITHOUT jeopardizing the Financial health of the company, in fact, it IMPROVED over this same period of time, for instance Debt-to-Equity improved (1.0 to 0.25, 2020–2025). Saylor outperformed Nvidia and MAG7 (3,313% vs. Nvidia's 2,000%). But the bigger story is WHY this is all possible!? And the answer is fiat currency is dying. Michael deeply understands how and why that's happening and he's taking advantage of it. I would think this is one of the most interesting interviews you could possible have. Especially in the face of the US adopting a Bitcoin Strategic reserve and other nation states announcing the same. What am I missing?