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Cryptocurrency News Articles

Lara Trump Meets Bitcoin Bull Saylor

Mar 17, 2025 at 02:30 pm

In a segment, Fox News contributor Lara Trump —wife of Eric Trump, son of US President Donald Trump—interviewed Michael Saylor on the increasingly pivotal role of Bitcoin

Lara Trump Meets Bitcoin Bull Saylor

Fox News host Lara Trump interviewed Michael Saylor, CEO of MicroStrategy, on the role of Bitcoin in the global financial landscape.

Often called a “Bitcoin bull,” Saylor discussed his initial skepticism toward BTC and what ultimately led him to bet on it as digital gold. He also provided a vision for how wider adoption could reshape economic systems, both in the U.S. and internationally.

Trump met Saylor at the White House Crypto Summit in May, where the administration outlined its priorities in advancing digital asset technologies.

Their discussion began with Trump asking Saylor how he came to introduce the Bitcoin standard at his company.

Saylor said he first encountered Bitcoin in 2013 and thought it was “an oddity.” But in 2020, with his company facing an “existential crisis,” he turned to Bitcoin as a means to preserve and potentially grow corporate value.

“I realized I was either going to have a fast death or a slow death or I needed to take a risk and transform the business. So what we did is we looked around for something like digital gold that we could purchase on our company’s balance sheet that would save the company and give us a future.”

At a time when global markets faced considerable uncertainty, Saylor decided to pivot MicroStrategy’s strategy to focus on Bitcoin.

This move was driven by a belief that the standard fiat-based financial system did not offer sufficient protection against economic shocks.

“We’re used to having the dollar, the euro, the yen, and the yuan. But they’re all backed by governments and they can become unstable. We’re also used to having gold, silver, platinum, and palladium, but it’s limited in terms of portability. Can you imagine if we had a digital gold that was so superior to anything that’s ever been made that it threatened to destroy the existing financial system?”

Saylor explained that Bitcoin is an asset with a fixed supply—capped at 21 million coins—and it offers portability and verifiable ownership through decentralized networks.

“How do you make gold better? You make it digital so I can send it from New York to Tokyo in a few minutes. It’s the hardest money in history. It’s the best savings technology in history. It’s the greatest investment trust in history. It’s the most perfect asset in history. There’s only 21 million bitcoins—21 million forever. You can take it with you. Nobody can take it away from you.”

He said that Bitcoin functions less like a speculative investment and more like a savings vehicle—similar to putting money in a bank, but without intermediaries who can freeze or withhold funds.

“What if you just wanted to take your life savings and put it into a bank in cyberspace that promises to never freeze your funds, it isn’t run by humans, it’s run by incorruptible software?”

Saylor said that the creation of Bitcoin by pseudonymous Satoshi Nakamoto was a reaction to the great financial crisis of 2008–2009, when trust in traditional banking and government-backed currencies wavered.

He added that earlier attempts at creating digital currencies like Beanie Babies or tulips in the 17th century all failed because they were easily copyable. But Bitcoin’s code, open-source and viewable by anyone, has stood the test of time.

“It’s the best minds in the world over 14 years and nobody has been able to copy it. It’s the greatest capital gains trade in the history of the world if you bought it when it began and it’s still trading at over 80,000.”

Lara Trump then asked Saylor how he chose Bitcoin out of the many cryptocurrencies available.

“When I first started looking for digital gold I saw there were 10,000 different crypto networks. Which one would I choose? What’s the winner? What’s the safe one? The one that’s tested by adversity, tested by time, tested by the best minds in the world?”

Saylor said the largest, most valuable one appears to be bitcoin.

“Had it been copied? Can it be copied? Well, it had been copied 10,000 times and they had all failed.”

He said that makes bitcoin the “secure choice” due to its market dominance and transparent monetary policy.

He also highlighted the singular moment when its creator, Nakamoto, effectively disappeared, relinquishing any claim to control or ownership.

“It is my gift. It is sovereign money.”

Saylor’s appearance at the White House Crypto Summit was also a focal point of the interview.

Saylor said the summit was crucial in guiding U.S. policy to embrace emerging digital asset technologies.

“If we want to make America great again, we have to do it with creativity, with imagination, with innovation

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Other articles published on Mar 17, 2025