Michael Saylor | The Bitcoin Treasury Debate Gets Heated
We discuss:
- Bitcoin in 2026
- Are There Too Many Treasury Companies?
- The Future of mNAVs
- Building on Digital Credit
Watch it here: https://youtu.be/J85O-ckNxCw
Discussion
Should be a good one👍🏻
Watching this now. At the treasury debate, holy moly. Danny you held your ground very well on this, lots of respect. Keep doing what you are doing.
Are you ok lol
I'm sorry he treated you this way. This was disrespectful and out of line. His baseless claims that you were criticizing the treasury cos simply by asking the question of their fundamental value is proof that the question needs to be asked.
Thank you for this one!
YES!!
I get the sense that Saylor forgot his Zyn at the beginning of this. Cranky motherfucker. Sell signal? lol
I think Saylor is clearly feeling the pressure from Strategy's woefully underperforiming for an entire year (and the numerous 'strategy' minor pivots he has made along the way as a result). I think chances are it will all turn around for him once Bitcoin NGU returns in force... but he's gotta be sick of publicly rationlizing about it in the meantime.
I'm not trying to make excuses for his apparent PMS meltdown here... He's pretty much solely responsible for all the Strategy 'strategy' hype that he now feels compelled to answer for.
“ do I want to be able to move money at the speed of light and store it forever in cyberspace?
Of course I do. Of course I do!
Has my conviction been swayed by 94 days of not hitting an all-time high?
Good on Saylor for deconstructing the delusional, toxic biases ingrained in the Bitcoin community represented by the naive,nonconstructive statement made by Danny. #boom
"if your goal is to see bitcoin commercialized..."
Michael “Don’t Ask Me Challenging Questions” Saylor
One of my favorite pods was nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqppamhxue69uhkumewwd68ytnrwgtkg92w asking Saylor some tough questions and not folding at all. You could tell he was not used to a bitcoiner giving him anything but softball questions.
$STRC volume spiking today. 👆 Higher
Damn! Saylor was getting at you! You okay? Great job, btw.
Damn dude you made Saylor Moon cry lmao
Well done 🫡
Dude spends an hour whining about and complaining about the toxicity of Danny’s question. “I take offense!!wahhh!!!” yeah we don’t give a fuck dawg.
I realize Saylor has to be very intentional in his responses with consistency and clarity. He’s responsible for a lot of capital and as a shareholder I appreciate his intentions here. Had he been more sensitive, I think that would only create more questions.
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj did a great job representing how most people are framing questions on the topic of treasury companies. Somebody had to go to bat and that’s the price for great content. Great pod and conversation. Thank you nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
The most measured comment ☝️
Looking forward to listening to this one!
Strawman Saylor.
You made him look like the shill he is .
More strawmen than when ciaylor and lapdog Jeff go pumpkin picking together
I respect Saylor for his knowledge. At the same time, when you clearly become unhinged due to questions EVERYONE has not just those who have #bitcoin…it sends up red flags for me.
But this is what I’ve been saying about Bitcoin podcasts…nobody ask real questions or tries to punch holes. It’s mostly just a big circle jerk and high fives praising #capitalism the greatest religion ever!
Great job nostr:nprofile1qqsd0uazmzmhwseeym3rjhf3txyjapreapc6sq8yq8cy07cg45tlx2cprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqz9thwden5te0v4jx2m3wdehhxarj9ekxzmny7hxvqp finally somebody stepping out of the box!
Saylor is a twat.
Silence Danny, a paper Bitcoin holder ia talking. 
Saylor needs some sun. He's cranky. Maybe a steak and some sleep too.
A mnav dropping from 3 to 1 will do that.
Damn, I could feel Saylor’s power projection towards you through my earbuds.😅
I'm about 1/2 way through and it's a good episode so far. It appears Michael gets a bit defensive about the Bitcoin Treasury topic, but I'm not sure he truly understood your question.
I took your question to be: does it make sense for a company that's not profitable and loosing money to be adding Bitcoin to their balance sheet. I think this is a fair question. It appears Michael heard this as an attack on companies adding Bitcoin to their balance sheet.
I'm looking forward to listening to the the second 1/2!
When can we stop talking about treasury companies?
Looking forward to watching a bitcoiner and non bitcoiner talk.
You are the big brother that takes the punishment when ALL the kids were acting up. Hard to watch but even harder to actually see the point.
We need to take ourselves seriously again and stop virtue signal at what we perceive as the right way to Bitcoin. Too much division lately and we are floundering. We should let DATs or TCs or whatever we are calling them off the hook.
We need our friend David Baily back in the ear of those that need our votes for midterms and guarantee Samourai dev Freedom and Self Custody Rights as law. Its our last bargaining chip to play before a possible return to advesarial governance.
Danny, you were asking the right question.
You did not deserve this anger directed at you.
He didn’t take a minute to understand you, he came into the interview already primed.
A lot of respect for pressing where and when it was needed.
I woulda had to cut the cameras and have a "talk" with that mfker. j/k of course but damn haha.
Danny and Saylor’s perspectives are both valuable here.
Saylor is right that Bitcoiners do too much infighting among ourselves. And that companies are better off saving in Bitcoin than sticking to fiat assets.
Danny is right that most plebs are better off buying Bitcoin than betting on the latest Bitcoin treasury co.
It’s one thing to have a sizable cold storage stack and dabble a bit in minor treasury company plays. It’s quite another to hold no real corn and leave your fate to these management teams.
One is the corporate perspective, the other is the individual perspective.
Saylor needs a dose of the boots 🥾
Saylor assumes the worst in Danny’s position. Not sure if it was intentional or not. Disappointed with Saylor
Saylor is kinda right tho, although he did rant for longer than he needed to
Saylor's well on the way of the villain's journey
TBH, this was a bit painful to watch. I wish you had enough time to ask him why we need his “digital money” synthetic financial product when Bitcoin itself is already that.
STRC is a way to store money that could be needed in the short term without the volatility. You basically give up the volatility to earn 11% interest. There’s value in that even for Bitcoin maximalists
Fair enough, but why call it digital money, if it’s a Bitcoin-backed money market fund.
Dan Hillery and Forst HODL have some solid MSTR prefs breakdowns. Bitcoin is the engine that powers these products
You did well Danny.
Currently listening to it while I scroll NOSTR
Danny, it looks like it's a difference of vision. On the one hand, bitcoin goes into what will likely become a closed command and control market, or we seek a true free market where bitcoin eliminates all of the issues with fiat and we start fresh. I would have like you to address that with him, but I also know it's hard to get an edge in word wise.
hard? try impossible. every bully tactic in the book deployed to shame Danny for delving outside ‘acceptable’ line of thinking - all so tiresome.
Great job Danny! Companies and individuals should strive to be productive. This is the part Saylor ignores. Selling debt to buy bitcoin is not productive. It’s obvious when taken to the extreme in a world where all companies just issue debt and buy bitcoin. It’s absurd. Yet if all companies strive to be productive in their own way then that makes sense.
All treasury companies are garbage. Basically scams where insiders use their influence to acquire more bitcoin than they could otherwise do personally. Saylor pretends that these are real businesses trying to be productive and simply buying bitcoin. They aren’t and he knows it. Strategy’s preferreds do add value to the marketplace so let’s call them the exception.
Crowdfunding Zaps for Danny’s medical expenses 😂🫂⚡️
Well done sir 👏
Saylor sounds like an old whiny bastard that needs to be taken to the nursing home in this one lol. Strawman after strawman, rambles for 20 mins each time haha. It's xrazy too because he's definitely had some of the most enlightening bitcoin podcast appearances I've ever heard heard. Yikes
Saylor is absoltely correct.
well done Danny handled this thin skin lizard like a champ Saylor was insulting saying you had insulted him 🤣 🤣 🤣 saying equity btc is better than cold storage self custody btc...
What Danny Did
Well done Danny. You may have just written yourself into Bitcoin history with this interview. I loved it on so many levels. Thank you.
This made me want to short MSTR
I am sorry that the discussion became personal.
Cause if you don't Knowles now you know
Saylor was mostly right on his rant but definitely took it too personally and went on for too long
Good job Danny!
Worth listening? Or where can I better spend 2 hrs? 😛
Saylor's answers were all thorough and insightful, just overly aggressive in some cases.
I don't think his poor humour in this interview was because he's a shill or has a massive ego, rather a result of him being pissed off for a variety of reasons. He could have kept that in check better.
Great work Danny, keep up the great work!