- Bitcoin thrives on chaos and empowers individuals through true ownership and financial freedom.
- Adopting BTC offers a decentralized escape from flawed fiat systems and promotes long-term value preservation.
Michael Saylor, a well-known Bitcoin advocate and the founder of MicroStrategy, has expressed his views on Bitcoin in his iconic “21 Rules of Bitcoin.”
Combining Saylor’s ideas with their own incisive criticism, the YouTube channel Simply Bitcoin has condensed them into 10 basic rules. Let us explore the salient features of these guidelines and their implications for the path of Bitcoin.
Michael Saylor’s 10 Rules of Bitcoin
Rule #1: Understand BTC to Embrace Its Potential
The first rule is straightforward: you will condemn Bitcoin if you do not understand it; you will buy it if yes. Saylor claims that because of inflation, holding fiat money in the modern economy causes a steady decrease of worth.
As a deflationary asset with value over time, Bitcoin presents a fix. The main point of view is to educate yourself; once the potential clicks, you won’t turn around.
Rule #2: Bitcoin Thrives Amid Chaos and Uncertainty
Unlike other assets, Bitcoin thrives on uncertainty. Wars, financial crises, and changing administrations of past times have shown how brittle traditional economic institutions are.
Because of its decentralized character, Bitcoin is strong against anarchy and a stronghold for those looking for protection in trying circumstances.
Rule #3: Guarantees True Digital Ownership
True ownership of Bitcoin is among its most exciting promises. Unlike real estate, equities, or even gold, Bitcoin is not vulnerable to outside force devaluation or seizure. Unlike goods subject to laws or physical seizure, Bitcoin holders have digital property rights perfect when they carry private keys.
Rule #4: Embrace Bitcoin with Confidence and Action
Saylor underlines that one’s attitude to embrace the Bitcoin market determines the price they pay when joining the market. Whether Bitcoin was $100 or $50,000, the value is in knowing its long-term possibilities instead of regretting past chances. This guideline emphasizes the need for action above doubt.
Rule #5: Bitcoin Is Your Escape from the Fiat Matrix
Likened to “The Matrix,” Bitcoin exposes the flaws of fiat-based institutions. Saylor contends that distorted economic measures and central banks help to create false ideas of control. With financial freedom and self-sovereignty, Bitcoin presents a road out of this unfair system.
Rule #6: Bitcoin Insights Emerge in Times of Need
One commonly finds insights regarding Bitcoin in either personal or financial crisis. Many find Bitcoin to be a lifeline once they see how ineffective traditional methods are. According to Saylor, Bitcoin logic follows when the demand for a better system is indisputable.
Rule #7: Everybody’s Orange Pill
Adopting Bitcoin is like the “orange pill,” a metaphor for which the tech-savvy or financially conscious are not only suited. Saylor notes Bitcoin’s inclusiveness and its ability to empower people, companies, and even countries. Bitcoin is for everyone ready to learn, regardless of your level of curiosity or management of hedge funds.
Rule #8: Think in Bitcoin for Long-Term Value
Saylor questions the practice of gauging wealth in currency terms. Thinking in Bitcoin enables a paradigm change in which long-term value preservation takes front stage instead of transient benefits. He compares Bitcoin to a masterpiece—it is not made to fit us; we have to change with it.
Rule #9: Stay Focused with Laser-Eye Dedication
Within the Bitcoin community, the “laser eyes” meme stands for relentless dedication. Saylor counsels against selling Bitcoin for low-yield government bonds or transient altcoins. Keeping dedicated to Bitcoin guarantees long-term expansion and helps one avoid the dangers of diversions.
Rule #10: Spread Bitcoin with Patience and Compassion
Saylor exhorts the Bitcoin community to greet newcomers with compassion even if a rigged financial system causes frustrations. While patience and empathy turn detractors into believers, anger and disputes usually alienate them. The objective is to create a more resilient community encouraging adoption.
Just the way Bitcoin has adapted Saylor’s guidelines provide a road map for negotiating the Bitcoin ecosystem. These ideas offer a strong case for supporting Bitcoin, whether one understands its basics, survives turmoil, or promotes adoption.