Michael Saylor's 10 Rules of Bitcoin

Combining Saylor's ideas with their own incisive criticism, the YouTube channel Simply Bitcoin has condensed them into 10 basic rules.

Michael Saylor, the renowned Bitcoin advocate and founder of MicroStrategy, has unveiled his iconic “21 Rules of Bitcoin.” Blending Saylor's insights with their own sharp commentary, the YouTube channel Simply Bitcoin has distilled them into 10 essential rules. Let's delve into the key aspects of these guidelines and their implications for Bitcoin's trajectory.

Michael Saylor's 10 Rules of Bitcoin

Rule #1: Understand BTC to Realize Its Potential

The first rule is clear: if you don't understand Bitcoin, you'll short it; if you do, you'll buy it. According to Saylor, holding fiat money in the modern economy leads to a gradual decrease in value due to inflation.

Bitcoin, being a deflationary asset, presents a solution to this problem. The essence of this perspective is to educate yourself; once you understand its potential, there's no turning back.

Rule #2: Bitcoin Thrives Amidst Chaos and Uncertainty

Unlike other assets, Bitcoin seems to thrive on uncertainty. Past events, such as wars, financial crises, and changing administrations, have shown how fragile traditional economic institutions can be.

Bitcoin, due to its decentralized nature, stands strong against chaos and serves as a saving grace for those seeking protection during turbulent times.

Rule #3: Ensures True Digital Ownership

One of the most exciting promises of Bitcoin is the concept of true ownership. Unlike real estate, stocks, or even gold, Bitcoin is not susceptible to devaluation or seizure by external forces.

As opposed to physical assets that are subject to laws or confiscation, Bitcoin holders truly own a digital property the moment they carry its private key.

Rule #4: Embrace Bitcoin with Confidence and Action

Saylor emphasizes that one's attitude towards joining the Bitcoin market determines the price they pay when finally entering. Whether Bitcoin was at $100 or $50,000, the value lies in understanding its long-term potential rather than懊悔过去的机会。This guideline highlights the importance of decisive action over doubt.

Rule #5: Bitcoin Is Your Escape from the Fiat Matrix

Likened to the concept in “The Matrix,” Bitcoin unveils the flaws within fiat-based institutions. Saylor argues that distorted economic measurements and central banks contribute to false perceptions of control.

Bitcoin, in turn, presents a way out of this rigged system—towards financial freedom and self-sovereignty.

Rule #6: Bitcoin Epiphanies Emerge During Times of Need

It's common to find people gaining insights into Bitcoin either during personal or financial crises. Many discover Bitcoin as a saving grace once they witness the inefficiencies of traditional methods firsthand.

According to Saylor, Bitcoin logic follows when the demand for a better system becomes undeniable.

Rule #7: Everybody's Orange Pill

The concept of adopting Bitcoin is likened to the “orange pill,” a metaphor not limited to the tech-savvy or financially literate crowd. Saylor highlights Bitcoin's inclusivity and its capacity to empower individuals, corporations, and even nations.

Whether you're curious at a basic level or managing hedge funds, Bitcoin is for everyone who's ready to learn.

Rule #8: Think in Bitcoin for Long-Term Value

Saylor questions the practice of measuring wealth in terms of fiat currency. Thinking in Bitcoin allows for a paradigm shift where preserving long-term value takes precedence over short-term gains.

He likens Bitcoin to a great work of art—it's not made to fit us; we have to adapt to it.

Rule #9: Stay Focused with Laser-Eye Dedication

Within the Bitcoin community, the “laser eyes” meme signifies an unwavering dedication to the cause. Saylor advises against selling Bitcoin for low-yield government bonds or short-lived altcoins.

Maintaining dedication to Bitcoin ensures long-term growth and helps one avoid the pitfalls of distraction.

Rule #10: Spread Bitcoin with Patience and Compassion

Saylor urges the Bitcoin community to receive newcomers with compassion despite the frustrations caused by a rigged financial system. While patience and empathy turn critics into believers, anger and arguments tend to alienate them.

The goal is to foster a resilient community that facilitates further adoption.

Just as Bitcoin has adapted over time, Saylor's rules serve as a guiding map for navigating the Bitcoin ecosystem. These principles build a strong case for rallying behind Bitcoin, whether one is grasping its fundamentals, weathering the turbulence, or facilitating its adoption.