MicroStrategy CEO Michael Saylor is comparing Bitcoin to the disruptive video sharing giant YouTube.
In a new episode of The Saylor Series with Robert Breedlove, Saylor says Bitcoin’s ability to let people manage their own money is similar to the way YouTube allows people to run their own digital broadcasting network.
“YouTube allows you to become your own TV station. So, what are we talking about here, well the cliche, ‘be your own bank,’ it’s kind of a cliche. And I think if we look at it a different way, it’s like, I’m a normal person, I endow my own monetary energy into Bitcoin, I plug it into some digital network, I give the keys to someone I trust, a family member maybe.
Maybe I do multi-sig instead of having five people on a board. If you have five people on a board of an endowment with a hundred million or a billion dollars in the endowment,