Uploaded June 2026 | Updated September 2026, 1 week ago

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Michael Saylor responds to the backlash over Strategy selling Bitcoin — and explains why he believes the “never sell” debate is missing the bigger picture.

In this Cointelegraph interview at BTC Prague, Strategy Executive Chairman Michael Saylor discusses Bitcoin’s current drawdown, why he thinks Bitcoin has “already won,” and why the next major wave of adoption may come from digital credit, Bitcoin-backed financial products, and trillions of dollars flowing in from traditional credit markets.

Saylor also addresses criticism from Bitcoin maximalists, the controversy around Strategy selling BTC, fears around quantum computing, the impact of AI deals on Bitcoin liquidity, and whether the US really needs to accumulate Bitcoin through a Strategic Bitcoin Reserve.

From “Twitter trolls” to $10 trillion in credit markets, this is Michael Saylor’s view of where Bitcoin goes next.

00:00 Intro
01:11 Why Michael Saylor Is More Bullish Than Ever on Bitcoin
02:25 The Rise of Bitcoin-Powered Digital Credit
03:35 Bitcoin-Backed Stablecoins & The Future of Yield
05:34 Why Traditional Banking Is About to Be Disrupted
07:12 What Frustrates Saylor About Bitcoin Today?
08:25 Quantum Computing Fears: Real Threat or FUD?
10:37 Are We in a Bitcoin Bear Market Right Now?
10:44 Why AI Is Draining Capital From Bitcoin
11:22 Will Bitcoin Reach New All-Time Highs This Year?
11:35 What Saylor Would Do Differently If Starting Again
12:20 Digital Credit: Strategy's Biggest Discovery
14:32 Why Strategy Sold 32 Bitcoin
15:02 The Real Reason Bitcoin Sales Are Sometimes Necessary
17:04 Why Refusing to Sell Bitcoin Can Hurt Investors
19:15 Buy 200,000 BTC and Sell 10,000—or Buy None?
20:20 Responding to the "Never Sell" Critics
21:04 Are Bitcoin Maxis Misunderstanding Strategy?
22:06 Bitcoin Per Share vs Total Bitcoin Holdings
22:20 Strategy's Plan During a Bear Market
24:18 The U.S. Strategic Bitcoin Reserve: What's Next?
25:05 Why the United States Has Already Won Bitcoin
27:20 The Real Story Nobody Is Talking About: Digital Credit
28:26 Outro
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