I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin, banking, macro, money, and the media with @patrickbetdavid. https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124
— Michael Saylor⚡️ (@saylor) May 9, 2023

$109,132.00
3.41%$2,592.20
8.24%$2.25
3.35%$662.04
2.66%$153.59
4.72%$0.999898
0.00%$0.284338
2.11%$0.170654
8.29%$2,588.12
8.02%$0.591768
9.50%$109,193.00
3.30%$40.27
8.67%$3,129.53
7.87%$509.58
-0.05%$2.92
9.73%$13.68
6.62%$9.01
1.18%$18.64
9.55%$0.239699
6.84%$0.999855
0.01%$2.89
3.96%$0.0000119
6.77%$2,591.73
8.12%$2,779.35
7.90%$87.74
6.04%$0.156404
8.55%$43.71
-0.67%$1.00
0.04%$324.21
3.43%$3.59
9.80%$4.61
3.28%$0.999928
-0.01%$109,196.00
3.40%$7.43
11.61%$0.0000102
10.61%$279.31
7.32%$0.500655
5.00%$1.18
0.04%$4.80
5.99%$338.74
6.76%$49.98
1.86%$1.00
0.00%$2.24
9.95%$186.41
4.89%$5.05
7.97%$17.07
7.41%$0.082829
4.30%$0.794398
7.76%$0.999805
-0.02%$1.057
0.01%$0.078698
7.15%$0.585194
4.06%$24.39
3.69%$4.20
6.93%$16.12
4.93%$4.42
-0.28%$0.02197779
8.31%$0.71501
7.77%$8.88
4.08%$0.082635
7.65%$0.348681
6.73%$3.33
8.91%$109,112.00
3.45%$0.189767
7.62%$0.279188
11.03%$2.40
9.63%$0.955256
12.39%$109.66
5.79%$0.284501
1.41%$0.182359
6.77%$2,591.80
8.13%$4.53
2.74%$0.999933
-0.02%$0.994981
-0.44%$11.15
1.09%$162.78
4.68%$0.45672
7.60%$1.00
0.01%$2,951.89
8.14%$1.21
0.33%$0.00001558
14.76%$1.29
19.25%$1.18
15.62%$2,713.35
8.03%$0.0173629
2.84%$11.38
12.20%$1.59
17.86%$1.63
14.35%$0.695096
9.64%$1.00
0.02%$0.327453
9.69%$0.999824
-0.01%$0.568716
7.94%$2,760.00
7.73%$0.060415
3.75%$0.01537328
5.80%$2,718.96
7.99%$0.163492
4.51%$3,362.54
0.49%$1.11
0.03%$108,993.00
3.36%$0.919283
17.40%$0.999881
0.03%$108,944.00
3.28%$662.19
2.67%$2,726.58
8.15%$0.08761
10.69%$0.459911
8.62%$2.99
6.80%$109,865.00
4.02%$3,356.12
0.57%$0.49961
5.33%$172.24
5.08%$0.00007893
12.33%$200.50
4.80%$2.37
5.58%$2,799.78
8.11%$2.17
6.80%$0.531981
6.92%$0.719769
10.66%$111.65
0.01%$0.773506
11.04%$2,589.11
8.01%$0.998567
0.01%$0.0148714
11.38%$0.784894
5.11%$19.45
8.31%$0.165702
9.64%$1.09
-0.21%$40.24
8.64%$38.95
5.99%$0.252967
9.58%$0.01277505
1.18%$0.00000061
3.36%$0.104709
6.52%$108,768.00
3.37%$0.224948
2.59%$0.549014
9.62%$0.997877
0.00%$3.55
7.73%$0.553144
7.32%$0.419157
8.95%$2,594.12
8.30%$2.15
6.29%$108,874.00
3.34%$2,763.11
7.81%$2,589.59
8.16%$0.00836242
-1.21%$0.342165
8.63%$2,716.94
7.73%$0.999923
-0.02%$0.524256
7.17%$0.27129
12.74%$109,302.00
3.53%$0.635097
9.15%$0.0147488
3.73%$25.22
0.47%$2,589.50
8.07%$0.998525
-0.05%$1.39
7.25%$40.29
8.76%$0.999968
-0.01%$0.174567
1.72%$0.0454281
17.39%$0.999897
-0.00%$0.409756
3.60%$0.170894
8.73%$1.41
10.52%$0.061208
-0.18%$1.00
0.02%$0.00000044
0.56%$0.120784
10.77%$0.00429249
8.48%$2.32
7.56%$7.45
0.95%$0.199667
3.69%$44.17
6.77%$0.00000106
17.13%$0.00709087
8.74%$0.54658
9.52%$1.091
-0.00%$14.27
10.68%$0.995971
0.09%$5.73
9.86%$2,761.66
8.26%$0.077512
6.78%$0.39477
-1.32%$2,594.40
8.01%$1.63
1.41%$0.391251
10.84%$2.35
10.52%$1.028
15.50%$0.321277
7.96%$0.00001899
5.74%$1.20
13.57%$0.00404613
5.73%$0.997138
-0.21%$0.14591
11.60%$2,856.45
8.13%$0.03676549
8.69%$0.499743
5.13%$5.40
7.94%$0.04896689
10.31%$108,351.00
4.08%$0.999864
0.00%$0.074599
5.95%$0.03494216
3.20%$2,834.86
8.14%$0.01749392
1.35%$109,125.00
3.47%$20.32
1.72%$2,591.47
8.09%$0.331642
3.59%$0.99998
-0.00%$1.11
11.68%$0.323224
17.57%$0.00005783
7.05%$0.999031
0.02%$2,592.54
7.87%$0.999921
0.26%$167.64
4.96%$0.0058641
10.64%$0.678829
11.54%$0.46166
7.36%$10.24
2.43%$0.00000146
1.63%$112.80
6.66%$0.712134
5.30%$18.68
9.45%$109,125.00
2.86%$1.068
8.29%$0.00332816
2.17%$0.00339195
5.44%$1.001
-0.03%$0.02815501
6.01%$0.189961
7.43%$0.608759
7.82%$0.108022
18.56%$1.22
-0.02%$1.026
0.70%$105,363.00
6.72%$2,191.89
3.55%$0.269542
21.47%$6.34
4.83%$1.63
1.11%$15.53
5.79%$0.00379592
13.06%$3,133.15
8.28%Reading
Bitcoin bull and Microstrategy co-founder Michael Saylor said the latest Ordinals craze has been a catalyst for Bitcoin adoption
“Every time someone builds an application that’s cool on Bitcoin, like all the Ordinals and inscriptions and whatever that are driving up transaction fees, its a catalyst,” said Saylor on the PBD Podcast.
He roped in bank failures, hyperinflation, regulators calling the asset a commodity, and whenever “a company like Microstrategy buys another $100 million worth of Bitcoin” as similar catalysts for adoption.
I stopped by @PBDsPodcast this morning to discuss currencies, crypto, politics, #bitcoin, banking, macro, money, and the media with @patrickbetdavid. https://t.co/IctlB4l7gN pic.twitter.com/e6ljbGM124
— Michael Saylor⚡️ (@saylor) May 9, 2023
Ordinals, unlike the other catalysts mentioned, is a newer development on the leading blockchain.
They offer a way to store media on the network by inscribing their data on the smallest unit of Bitcoin, satoshi. It was developed in early 2023, essentially ushering in non-fungible tokens (NFTs) on the largest network in the industry.
The development hasn’t stopped there either.
In March, another programmer created a fungible token creation standard, BRC-20 (a hat tip to Ethereum’s ERC-20 token standard) atop Ordinals, sparking a flurry of meme coins on the market. Yesterday, the market capitalization of BRC-20 tokens hit $1 billion.
Ordinals continue to gain traction too as the world’s leading exchange Binance moved to list Bitcoin NFTs on its platform.
While the surge in the network’s demand has increased miner revenues, the high fees have made BTC transfers very expensive.
Bitcoin Ordinals have caused a surge in network fees of around $20 per transaction from less than $2 before May 2023.
PayPal co-founder Peter Thiel and several other technology billionaires are banding together to spin up a financial institution that would fill the shoes of the ill-fated, crypto-linked Silicon Valley Bank, the Financial Times reported, citing sources familiar with the matter. Defense technology firm Anduril co-founder Palmer Luckey is leading the initiative to establish the commercial bank, called Erebor, with support from Palantir co-founder Joe Lonsdale and Thiel’s Founder Fund, according to...
A financial firm that enabled a UK pension fund to put Bitcoin on its balance sheet told Decrypt that it's seeing growing interest from other clients. Arash Nasri, a senior investment consultant at Cartwright Pension Trusts, also revealed that wider industry reaction has been "surprisingly positive." The company helped an unnamed British client make a 3% allocation to the world's largest cryptocurrency in November 2024—and according to Nasri, it secured a 60% return on investment in under 12 mo...
Coinbase is acquiring Liquifi, a token management platform designed to help early-stage projects, the crypto exchange said in a blog post on Wednesday. The company, which is being bought for an undisclosed sum, previously raised $5 million in a 2022 funding round that included participation from former Coinbase CTO Balaji Srinivasan and Anthony Pompliano, the entrepreneur and social media personality, according to Cryptorank. Allowing organizations to manage a “high-stakes maze of legal, tax, an...