$MSTR: Michael Saylor Live 21 Questions in 21 Minutes | 19th March 2026

It's an awesome day.

Happy to be here. It's Gloria's place. Very inspiring.

Yeah, let's do it.

2026 is a great year, a transition year where we're seeing the large banks embrace Bitcoin. We're launching all these digital credit products like Stretch to retail investors and retirees and corporate treasurers and financiers, and that's a great new group of supporters for Bitcoin. We've got probably the most supportive set of financial regulators in the history of the industry going into the Fed, at Treasury, at CFTC, the SEC. And we've got the Clarity Act soon to be passed, which is just enormously legitimizing for the entire industry. So I'm just looking forward to the advance and the expansion of the industry as it integrates into the mainstream financial world.

I think that what's going to happen is we're going to use the first layer of Bitcoin as digital capital. I think you're going to see an explosion of digital credit at the second layer. I think that you're going to see digital money or digital currency at the third layer. And the third layer is going to be a Bitcoin-backed stablecoin or it's going to be a savings coin. It'll be like the dollar. You'll be able to move it around as a medium of exchange. It'll be integrated into all of the trillions of products and services that are priced in dollars and all of the hundreds of millions of companies that take and spend dollars. But it will offer a much stronger yield. You know, more like a six, seven, eight percent yield, which outstrips the cost of inflation. And that'll be strong, high-powered money built on Bitcoin.

I think that'll be in essence stablecoins. I think that everybody that takes a dollar anywhere in the world will have that. You'll be able to convert that into dollars and pay for anything.

Yeah. I think what we're seeing is digital currency is primarily going to be the dollar. I think the dollar is spreading everywhere in the world and it's replacing the euro, the pound, the yen. Pretty much in Europe, people don't want the euro, they want the dollar. So the dollar is actually emerging as the global currency. The dollar on digital rails is the crypto or digital version of it. But the big breakthrough now is the ability to create a digital currency that's backed by Bitcoin that offers yields that are two, three or four times higher than currencies backed by fiat.

I think that there'll be a group, the companies and the individuals and the large holders and the advocates and the developers will continue to carry forward the Bitcoin ideology, and of course any technician will understand the Bitcoin technology. But I think we're headed toward a world where there's a billion people that just want a bank account that pays them 8%. You know, it's like a six-year-old girl, a 75-year-old retiree. What they're going to know is that digital money is powered by Bitcoin and they'll kind of like your electricity came from a nuclear reactor and you don't really know how to create a nuclear reactor or you don't know how tricky it is, but you know it's really good cheap electricity. And so I really think that as Bitcoin spreads, what you're going to have is a group of people that understand very intricately the technology. But the great masses of people, it's like they don't want to know how the plane works. They don't want to know how the car works. They don't want to know where the electricity comes from. They don't want to know how their food was prepared. Like most people don't know how you create a Coca-Cola beverage or how do you create these things? Nobody knows how to make an iPhone. All they know is that they've got this insanely good product that solves the problems in their life and it's based upon superior technology.

Bitcoin's not going to fail. It's got to succeed because Bitcoin represents economic empowerment to everybody on the planet. Bitcoin represents a protocol for economic prosperity. It's kind of like we're speaking English. And you're saying, well, what if people stop speaking English or just stop speaking? What if people stop speaking to each other? I don't think they're going to stop speaking to each other. If you had Arabic math or you had math, what if people stop using math? I think they'll keep using math. I think they'll keep using English. I think they'll keep using Bitcoin because people need math to create machines that work and to engage in commerce and they need language to coordinate with each other and they need Bitcoin if they're going to engage in rational economic transactions. So it won't fail.

Okay.

Let's see. Once our fraternity hijacked an elevator and then we set it up with the office of the dean and we put all the furniture of the dean into the elevator and then we locked it off so that you had to have a special code in order to get the elevator. And in order to create the hack we actually rigged the entire thing with its own chandelier and we lit up the chandelier.

At some point the elevator opens and it's like this strange guy sitting at a desk with a chandelier talking.