Michael was very short sighted. And I’ll explain where exactly he got it wrong and why he wants yield. 

- Michael believes Bitcoin is a great “Asset” not currency as most of us here believe.

- He also believes it’s the Best asset, and thinks people will generally choose it over other assets because it has lower risk.

- He puts Bitcoin next to real estate and stocks and mixes in gold and art when making a financial decision to buy it or not. (Saif pushed against this, Michael missed the point). 

When you have this trio, you are already deep in loss. Because you made Bitcoin an asset, it’s better than everything except its not generating income, what can you do sitting on billions of dollars? let’s make it give yield. 

What Saylor missed is that, Bitcoin is a layer bellow assets. And all other assets can become Bitcoin Generating Assets (BGAs), regaining their appeal. The house in 2050 might not be rented for fiat, it might be priced in bitcoin and generating bitcoin. The Apple stock might be priced in bitcoin, giving out dividends in bitcoin. If you miss this part, you have this feeling that bitcoin is a deadend unless i the one who has 1% of all that exist cant do anything with it. 

The proper way to make bitcoin yield, is to use it as a currency. You buy a house with bitcoin, you rent it out for bitcoin monthly payment. Boom, bitcoin yield. Saylor is thinking about this at all. nostr:note1apdj8qe5gyu5j8rhxvw30tqame2j8tzyp3gu74sh4kucz65jg4wqp8cxs4