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In the vast sea of financial options, there’s one wave that’s been making a splash like no other – Bitcoin. Picture this: Prague, 2023, and there I am, a guy in his 40s with a growing interest in the world of cryptocurrency. Michael Saylor takes the stage, armed not with a wand but with a presentation that’s about to “orange pill” you about the future of money.

Decoding the Endless Economic War

Saylor begins with a grand revelation – an endless economic war that has been raging since the dawn of time. Governments, technologies, and hard work, the three pillars of this economic battlefield. Governments, with their policies, are the generals orchestrating the redistribution of wealth. Technology, the powerful ally, shapes the landscape with innovations, and finally, there’s us, the foot soldiers, contributing with our hard work.

Bitcoin enters the scene as a disruptor, a game-changer in this economic saga. Visualizing the world’s wealth map, Saylor points out Bitcoin’s spot – a modest $400 billion compared to the colossal $900 trillion of global wealth. Gold, once the heavyweight champion, is at $12 trillion, and equities at $115 trillion. The key takeaway? Bitcoin is the underdog that might just redefine the rules of the game.

Preserving Wealth: The Dollar’s Decline and the Role of Bitcoin

Now, let’s talk about the heavyweight champion, the U.S. dollar. The world’s reserve currency, but, as Saylor eloquently puts it, collapsing against assets like the S&P index, real estate, gold, and art. A sobering thought hits me – if we had sound money, the dollar wouldn’t be in this predicament.

Saylor delves into the concept of measuring inflation. If we measure it against goods that can be manufactured easily, it doesn’t look that bad. But what if we measure it against something scarce, like gold? The dollar has collapsed 99.8% against gold in the last century, making consumer goods 20 times more expensive. This visual representation drives home the impact of inflation on our purchasing power.

Currency Collapses: A Global Perspective

The presentation takes a global tour, showcasing the collapse of various currencies against the mighty dollar. From the Argentine peso to the Brazilian real, the numbers are staggering. A loss of 99.8% here, 97% there. The message is clear – if you want to preserve your wealth, you need to exit these depreciating currencies. It’s a survival strategy in an economic war.

Saylor brings up the Lira, the Rupee, the Peso, each telling a tale of economic struggles and currency devaluation. The conclusion is stark – being on the wrong side of this economic war is a losing battle. There’s only one strategy – exit.

The Winning Strategy: Bitcoin as the Superior Asset

The spotlight now shifts to Bitcoin, and the comparison with other assets begins. Gold, equities, bonds, and real estate all come under scrutiny. What stands out is the inherent flaw in these assets – they can be produced or influenced by human intellect. Saylor drives home the point that betting against human ingenuity is an awful strategy. This leads us to the crux of the matter – the difficulty adjustment.

Bitcoin’s brilliance lies in its difficulty adjustment. The process of mining Bitcoin has become 50 trillion times more difficult since its inception. This adjustment is what makes Bitcoin sound money. In a world where everything else is subject to the whims of governments, technology, and human labor, Bitcoin remains immune.

Corporate Equity vs. Bitcoin: A Clear Winner

Now, let’s talk about the corporate world and its love for equity. Saylor breaks down the reasons why corporate equity falls short compared to Bitcoin. Dilution, labor costs, competition, technology risk, regulation, taxation, and the ever-looming threat of war – these are the challenges that corporations face. These factors contribute to an average annual cost of about 7%, eating into potential returns.

On the other side of the ring is Bitcoin, unburdened by these challenges. The Bitcoin virtues include cybernetic control, immunity to competition, and being incorruptible and indestructible. The contrast is stark, and the implications are profound. Holding Bitcoin becomes not just an investment choice but a strategic move in the economic war.

The Future: Bitcoin as the Superior Asset

Saylor paints a picture of the future, where Bitcoin emerges as the superior asset. The world, slowly but surely, is realizing the unique qualities of Bitcoin. It’s not just about demonetizing gold; it’s about redefining the entire landscape of financial assets. Bitcoin, with its fixed supply and ever-increasing difficulty, is positioned to outshine everything else.

The message is clear – Bitcoin is not just an investment; it’s a paradigm shift. It’s the transition from a world where assets are subject to constant erosion to a world where economic immortality is achievable.

Conclusion: Laser Eyes and the Path Forward

As the presentation wraps up, I find myself contemplating the concept of “laser eyes.” It’s not just a meme or a slogan; it’s a call to focus on what truly matters. In a world filled with uncertainties, Bitcoin becomes the anchor, the North Star guiding us through the economic storm.

The winning strategy is simple – hold the best money. The dollar is on a path to zero; weaker currencies are in a race to oblivion. Gold and equities might be better than fiat, but Bitcoin is the superior asset.

In a world where governments change policies, technologies evolve, and hard work can only take you so far, Bitcoin stands as a beacon of hope. It’s the one asset that transcends the limitations of traditional investments, offering not just returns, but a promise of economic immortality.

My takeaway from Prague is clear – in the endless economic war, Bitcoin is not just a player; it’s the game-changer. So, I’m donning my laser eyes, focusing on the future, and embracing the magic of Bitcoin.