Part 6/15:
Michael underscores how traditional finance views treasury assets: invest for safety, avoid volatility, and preserve capital. In contrast, Bitcoin presented an inflation-hedge, a hard money alternative that could outperform traditional reserves. He explains how most corporations are stuck with the status quo—buying T-bills, earning minimal interest—and how this approach destroys shareholder value over time.
The Shift in Market Perception and Regulatory Landscape
The narrative then transitions into how public perception and regulatory acceptance of Bitcoin evolved. Michael highlights the significance of Tesla’s Elon Musk and Jack Dorsey’s Square publicly adopting Bitcoin in 2020–2021, catalyzing mainstream credibility.