Michael Saylor's Big Bitcoin Lie! CME Crypto Index Futures, SpaceX IPO, MasterCard AI Agent!

June 13, 2026

AI Summary

5 min read

Michael Saylor's Big Bitcoin Lie! CME Crypto Index Futures, SpaceX IPO, MasterCard AI Agent!

When Michael Saylor recently told a conference audience "I never said Strategy would never sell our Bitcoin. I told you to never sell your Bitcoin," the hosts of this episode didn't buy it. "He's acting as though the internet doesn't exist — as though we can't go pull up thousands of videos," Amanda Witcraft said. Tony Edward agreed: "I understand if he has to sell some. What I'm pissed off more about is the lying."

The gap between mythology and mechanics

The hosts' central argument is that Saylor built his entire empire on the promise that MicroStrategy (now Strategy) would never sell its Bitcoin — that the company had "a PhD in hodling." Now that the company has begun selling small amounts (32 Bitcoin, a trivial sum relative to its holdings), the hosts aren't bothered by the sale itself. They're bothered by the dishonesty.

"This guy is giving me con man vibes," Tony said. "He's put out the AI slop telling people to hodl. So essentially he's creating exit liquidity, and he's lying now."

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What you'll learn

1 (01:17) **The Core Thesis: Michael Saylor's Lie and the Gap Between Mythology and Mechanics** - The hosts argue Saylor is lying about his "never sell" Bitcoin stance, turning the ethos of Bitcoin into the leverage-driven system that caused the 2008 collapse.
2 (05:35) **The "Exit Liquidity" and Con Man Vibes** - The hosts accuse Saylor of using AI-generated content to pump the narrative, creating exit liquidity for himself while lying about his past statements.
3 (07:35) **The Damage to Trust and Saylor's History of Fraud** - The hosts emphasize that the betrayal is about his "word," not the sale amount, and highlight his past SEC fraud charges and tax evasion settlement.
4 (09:56) **The House of Cards: Leverage and Systemic Risk** - The hosts warn that Saylor's strategy is turning Bitcoin into the kind of over-leveraged system that caused the 2008 financial crisis.
5 (14:51) **The Healthy Model: SpaceX IPO and Bitcoin Exposure** - The hosts contrast Saylor's risky approach with SpaceX's IPO, which holds Bitcoin on its balance sheet without raising obscene debt.
6 (16:42) **Jim Kramer, IPO Exit Liquidity, and Inverse Kramer** - The hosts discuss Jim Kramer pumping SpaceX and Bitcoin, warning retail investors that buying IPOs at the peak makes them "exit liquidity."
7 (18:50) **CME Crypto Index Futures: Wall Street Sees Crypto as an Asset Class** - The hosts analyze the CME's launch of NASDAQ crypto index futures, signaling broad institutional adoption.

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Show Notes

In this episode Amanda and I discuss Michael Saylor's Strategy Bitcoin lie, Jim Cramer SpaceX IPO vs Bitcoin, MasterCard AI Agent stablecoin payments, CME crypto index futures, new legislation to establish the Federal Cryptocurrency Theft Task Force, and much more.
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