Michael Saylor: Bitcoin Keynote Speech, Apr 28, 2026
At the keynote on Apr 28, 2026, Michael Saylor said 10 of the 18 words Kalshi listed; Parrot’s count agreed with all 18 settlements. Quotes below are at most 25 words each.
UpdatedMarkets
18 words · 10 settled yes · our count agreed on 18 of 18- Kalshi: named speaker only
Kalshi
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Market |
|---|---|---|---|---|---|---|
| Digital Credit | Yes | 37 | 37 | ✓ | –new new word, no probability yet | – |
| STRC / Stretch | Yes | 30 | 30 | ✓ | –new new word, no probability yet | – |
| Million | Yes | 14 | 14 | ✓ | –new new word, no probability yet | – |
| Institution / Institutional | Yes | 8 | 8 | ✓ | –new new word, no probability yet | – |
| HODL / Hold | Yes | 7 | 7 | ✓ | –new new word, no probability yet | – |
| Cycle | Yes | 4 | 4 | ✓ | –new new word, no probability yet | – |
| ETF | Yes | 3 | 3 | ✓ | –new new word, no probability yet | – |
| AI / Artificial Intelligence | Yes | 1 | 1 | ✓ | –new new word, no probability yet | – |
| Satoshi | Yes | 1 | 1 | ✓ | –new new word, no probability yet | – |
| Winter | Yes | 1 | 1 | ✓ | –new new word, no probability yet | – |
| Bull | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Ethereum / ETH | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Hyperliquid | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Quantum | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Stock Market | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Strategic Reserve | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Vegas | No | 0 | 0 | ✓ | –new new word, no probability yet | – |
| Trump | No | 0 | 0 | ✓ | –n=1 too little history for a probability | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 20, 2026 23:45 UTC.
Transcript
quotes of at most 25 wordsCaptions · machine-attributed · Bitcoin Magazine (YouTube) · Source · Quotes of at most 25 words; the full recording is on the publisher's official channel.
11 matches for “Crypto”; 5 quoted, at least 25 words apart.
…It's meant for retail investors. It's It's meant for digital native or crypto investors. It appeals to hedge funds and hybrid investors. It appeals to…
…their backyard. And so, what's happened here is we have created a crypto reactor and we're using it to create credit in order to serve…
…be stable. And so, you can see in the middle of the crypto or or the bear market here in the crypto winter, Bitcoin peaked…
…curve like the 1-month Bitcoin bond. The the risk-free rate in the crypto ecosystem. So, what is the free market rate of capital or the…
…adopted by institutional investors in credit and indexes. It's also being adopted crypto natively. It's also being adopted by a bunch of financial innovators. Our…
Where the listed words were said
…uh the topic of my presentation is is the latest developments in digital credit, digital yield, digital money and the digital transformation of the capital…
…one ever thought to put it into a credit instrument like like STRC. We use a standard tax treatment called return of capital. It's been…
…a half billion dollars in about 9 months. It's currently got 400 million dollars almost of daily liquidity. Its volatility has fall fallen to 2.9%.…
…who would do that? A retiree, a 3-year-old, a 12-year-old, a conservative institution, a company that has lots of consistent bills and if they don't…
…look at it. Uh Bitcoin is something for people that want to hold for 10 years. It's a roller coaster. It's got 30 ARR. It's…
So, it it works out instead of 12 cycles where you have a a dividend cycle, a drawdown, it goes to 24 cycles. But 24…
…we'll see where index to credit. There's also been a ton of ETFs. 21 Shares uh embedded Stretch in an ETF and took it public…
…without digital intelligence. So, if you're looking for a killer application of AI, it's taking digital intelligence and working on digital assets or digital capital…
…and by putting together a set of components that had been around, Satoshi was able to create an ideal capital asset, an asset that's non-sovereign…
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