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AI has been everywhere this year, shaping how we work, invest, and build new technology. As we wrap up 2025, it feels like the right moment to look back at one of our most insightful conversations on The Bid.
Host Oscar Pulido sat down with Tony Kim and Michael Gates after their trip through San Francisco and Silicon Valley. They shared what stood out on the ground, how AI is creating real economic efficiencies, and where they see investment opportunities taking shape across sectors.
🎧 Listen to the episode: 1blk.co/48L1fN9
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I really enjoyed this conversation with Strategy CEO Phong Le. We cover banks coming into Bitcoin, the company's USD reserve, recent FUD and negative sentiment about price, defending MSCI inclusion and the 2026 roadmap.
You also don't want to miss Phong’s origin story. His refugee-to-CEO journey is the kind of perspective that sticks with you: when you’ve lived through instability, you understand why sound money isn’t an ideology...it’s a lifeline.
TIMESTAMPS:
00:00 Bitcoin FUD and sentiment 2:55 "Digital Money" 6:37 Banks chasing Bitcoin? 10:04 STRC offering 10.75% yield 14:07 Moving people away from 0% yield 17:52 ROC tax efficiency explained 21:19 Building a USD reserve vs selling Bitcoin 24:34 Strategy's Bitcoin evolution Strategy's adaptability 29:28 MSCI index concerns 37:42 Will Strategy be a Bitcoin bank? 41:01 Strong Bitcoin treasury companies 43:06 Strategy's international targets 45:32 More preferred products in 2026? 47:16 Bitcoin beyond politics 50:23 From refugee to CEO 1:01:24 Bitcoin and the American dream
@digitalphong
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