There is a business race unlike anything the 21st century has seen. It’s on the scale of Rockefeller vs Carnegie multiplied by 2.
Like happened with the aforementioned gentlemen, two other men are racing to become the ultimate richest men on earth.
The world’s first trillionaires, with change.
Michael Saylor
We start with Michael Saylor, founder and Chairman of Strategy.com.
With Strategy, Michael Saylor’s strategy (yes, I know) is to accumulate as much Bitcoin as possible and wind it up with maximum potential economic energy. Saylor is however currently facing liquidity troubles.
Though, courtesy of Iran essentially forcing a petro-bitcoin standard for the Gulf States, Saylor’s Bitcoin bet is eyeing a home on the balance sheet of the world’s biggest banks. His endgame to trillionaire status : Bitcoin goes to $13 million per coin in the next decade or so, and his treasury becomes worth $13 trillion.
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Elon Musk
Let’s go to the business magnate himself.
On the right is Elon Musk.
Where Saylor is running a pure money play similar to Warren Buffet’s Berkshire Hathaway, Elon is an engineer who has built a lot of real products including electric cars (best on the world market), rockets (best on the world market), solar panels, tunnels (cheapest), neuralink chips (best) etc.
By all accounts, he’ll make it to the trillionaire rank sooner. And while many other people might be better contenders for the second richest man, I still have my money on Saylor.
Why? The Iran play. It’s rewriting the game as far as I can see. I think the US government will see Michael Saylor as their best B2G (Business-to-Government) play. Even better than Palantir or their partnership with ChatGPT.
I digress. Back to Elon.
Elon’s play is to put 1 million AI server satellites in orbit around the earth. This will enable his AI company xAI to run on 24/7 clean energy aka sunlight, which should be a competitive advantage to Elon Musk versus other players like Sam Altman who have energy supply issues moreover pollution maximizing. Also, with space he can scale and scale. It’s huuge.
But there’s a small catch. People are still poor (mostly because we’re being hit by inflation-blows so much we’re mostly on a spendlathon), so a pure play AI-as-a-paid-service model is not going to pay back all those billions of dollars spent putting servers in space. Elon just might burn a hole in his pockets and risk the existential time of SpaceX’s early flights at the Kwajalein Atoll.
As I have been opinioning for a while now through articles and now even a YouTube video (https://youtu.be/_1qvAA4VVwM?si=iXl6ZD8skh-4CKTy) Elon is likely going to put gold on his satellites as a sort of billion-dollar high stakes game for central bankers.
The gold can be settled quickly too as it apriori will be moving at 7km/s around the earth, instead of impotent and stuck many miles under the vaults of some central bank building.
Banking Galore
The real game being evolved here is banking so both Elon and Saylor are Bankers.
Elon takes banking of hard physical assets like gold including working systems infrastructure for AI and global internet to the skies, while Saylor becomes the Super Central Bank of the most energetic money on Earth i.e. Bitcoin.
For centuries, Bankers have been laissez-faire paper pushers who made a lot of money doing little but write figures on papers. They were essentially judges who draft laws, except their law is quieter and needed by everyone.
Now, futurist bankers will have to pick a side : learn orbital mechanics and rocketry and AI alongside financial maths and legal statutes, or, learn Bitcoin’s cryptocurrency power and computer science alongside your financial maths and legal statues.
The former is the way of Elon and the later is the way of Saylor.
Thus, this also implies that a lot of people are going into the banking industry. But not to create more paper.
To create rockets, space AI servers, gold shielding for satellites, real wealth.
Elon banks Physical Infrastructure while Saylor banks Bitcoin
It might be hard to see but the broad strokes are easy to envision.
Elon’s expensive AI play in space is going to consume a lot of money, fuel / oil / energy for rocket making and launching, GPUs, steel to make rockets launching every few hours, human time and ingenuity handling baby-GPU issues before these GPUs are certified adults that can then be launched to orbit.
This will take away the burden of economic consumption from poor people with little (because of fiat-inflation) earnings yet 1000+ apps, goods and services are competing for their eyeballs, mouths, skins, and time.
This will force industries ranking from aluminum factories to water supply chains to AI chip manufacturers to media houses to forget many individual consumers who live in a saturated market and focus on Elon Musk.
More people will opt for a job with Elon than start their own company. Which is a good thing.
We’re going to space ya’ll. Together. That beats starting a lot of ventures if you ask me.
(BTW Elon is currently looking to hire more than 1500 people. Try your luck here — https://www.spacex.com/careers)
Why, Elon will soon be consuming a lot more inputs for his Kardashev type 2 play. Enough to employ millions of people directly or indirectly at a scale not imagined even by Rockefeller (it would be cool if he did Rockets. I mean, Rockefeller, Rocket feller).
Meanwhile, Michael Saylor will essentially be the winch that supercharges all these people especially if Elon Musk agrees to pay people in Bitcoin.
The answer to the question Why should you wake up in the morning to go work at Elon’s rocket factory ? will now be easier to answer.
To earn Bitcoin before Saylor buys it all cheaply.
But there’s another reason to see the importance of Saylor’s play.
Saylor is essentially forcing Washington DC to do more work output and less ratcheting of dollar debt.
Yes, Elon has been the one nearest President Trump, he started D.O.G.E, and by most accounts, including this one, is the one going to help shift the political will away from reckless inflation plus wars to cover up the mess, towards responsible fiscal plays with oil priced in orbital-gold (by proxy) and supply chains led by his everywhere everyhour rocket launches.
But it is Saylor deep in the trenches, messing with our will-to-Bitcoin by doing the monetary experiment that all the billionaires were too cowardly to do. That is; get cheap US debt / securities, buy the most expensive/ best money (Bitcoin) with them.
Of course, if one is reckless, the maturity timelines of the debts could wreck them. But overall, this Strategy is devilishly good.
What if every country starts doing it? Well then, all their fiat collapses and they all end up with Bitcoin.
That’s it!
Entice everyone to do it. They all do it. Fiat collapses as people shift desire to Bitcoin. Bitcoin wins.
However, this is kinda dangerous. Because one is forcing people to change. To give up their easy, localized rituals in dollars, yuans, shillings, for a more nuanced global one with Bitcoin.
People hate change. But one thing I know is people do change. They do learn new, better tricks.
We are still early.
Epilogue
Our governments will thus be more fiscally responsibility because of Saylor, who is forcing their hand, and Elon Musk, who is giving them an outlet to play for power that also, coincidentally, seems like it will help the pleb who wants cheap internet, cheap AI, and no pollution in his neighborhood.
What can I say, 1 million bitcoins for Saylor and 1 million AI servers for Elon Musk is the raddest competition in the financial space ever.
(And I hope Saylor makes it to 2 million and even 4 million. I hope Elon will help him.
This isn’t too bad an idea. It’s not like people will die. This will be an orange-pill like nothing before).
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Meanwhile, I am building my own small startup at BitcoinHighSchool.com. Gonna make some big moves this June. Stay very tuned.