Dude, you took my next question, but I saw where you were going. I think my opinion is Bitcoin's neutral money and it's very antithetical. It's hypocritical for a Bitcoiner to say Bitcoin's for all. Bitcoin empowers the individual. But kick BlackRock out. What's the right balance, Jack? Right. What's the right balance between individuals and you don't? Okay, that's a great answer. Honest answer.
No, I have an opinion. But again, a common theme here is my opinion doesn't matter. What is important is that as a free market proponent, an activist, I should express my opinion not only through my voice, but through my time, my energy, my effort, my labor, my capital. And I'm doing that. I've built Strike. I've built 21. And if I'm wrong, I will fail. And that's good. And if I'm right, I will have more capital and more money and more time and energy to continue to vote with what is more powerful than words. Words are unfortunately, people have a lot of words for me, but the exchange rate in words to Bitcoin is zero. I can't stack any sats with your words, with your opinions, with your ideas. You got to do the proof of work. That's the only reason this thing works. And so my opinion is Bitcoin's neutral money. Everyone needs money. It is akin to water to a functioning society for us to scale society. We need division of labor. We need the ability to take value we're creating now and store it into the future. That is just fact. BlackRock needs that. The US government needs that. Individuals need that. Third world countries need that. We all need that. And so the free market will figure it out. Also part of me taking a company public was getting in the arena. I also think that Bitcoin wasn't represented properly in these circles and we wanted a voice at the table. That's also a reality too. So I think it's important. Listen, if Bitcoin is to fail because BlackRock adopted it, it was never going to work.
Yeah. We have to fight within the free market realm to express Bitcoin and what we think it should be and I think it's a great thing that countries and Wall Street and institutions are adopting it. If you look at gold, over 50% of gold is held with governments and corporations. That percentage for Bitcoin is tiny. It's like less than 10%. I think one of Satoshi's greatest ingenious was he got it out to the people somehow. If he went to Goldman Sachs and said, 'I solved the Byzantine general's problem. Let's IPO this thing on Wall Street.' It would have never worked. We're Goldman Sachs would have had a 25% pre-allocation. Wall Street would have took it public. They would have had another 25%. The fact that 90% of Bitcoin is owned with us, we did it. You cannot corner a market in order for them to get over 50% of this asset. I think it's too far gone. You'd have to bid this thing. There aren't 50% of it for sale. I don't believe that. You'd have to bid it to such a fiat price where I wouldn't exchange fiat for it anymore. So, I think Satoshi solved that for us and we have to compete in the free market as we should. It's antithetical to say it's for the people, it's distributed, but I don't like Larry. Think grow up. Shut the up.
You know, the thing that I like the most, Jack, is because Twitter is loud, bro. You know, tweets are cheap, right? But actions are expensive and ultimately you're putting your neck on the line, right? You and your business partners, you're putting your neck on the line, you're putting your reputation on the line. So, one thing is to have an opinion, but one thing is to actually, you know, judge not the man in the arena. One of my favorite quotes, right? So, you got into the arena with your business partners with Tether. And at the end of the day, the markets are going to decide what happens. Personally, I'm extremely bullish. I think that treasury companies, which we can't define, I think are going to perform, they're going to get a little bit smacked a little bit when we're in a bear, but in a bull, I think they're going to actually outperform the price of Bitcoin. That's my perception of it. But anyways, I do have a spicy question, and I want to take advantage of the fact that you're on stage.
