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.

Updated

Markets

18 words · 10 settled yes · our count agreed on 18 of 18

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.

Listed words: result, our count under the market rule, the count over every speaker, whether they agree, and the probability (a walk-forward backtest on settled rows)
WordResultOur countAll speakersAgreesProbabilityMarket
Digital Credit Yes3737✓–new new word, no probability yet–
STRC / Stretch Yes3030✓–new new word, no probability yet–
Million Yes1414✓–new new word, no probability yet–
Institution / Institutional Yes88✓–new new word, no probability yet–
HODL / Hold Yes77✓–new new word, no probability yet–
Cycle Yes44✓–new new word, no probability yet–
ETF Yes33✓–new new word, no probability yet–
AI / Artificial Intelligence Yes11✓–new new word, no probability yet–
Satoshi Yes11✓–new new word, no probability yet–
Winter Yes11✓–new new word, no probability yet–
Bull No00✓–new new word, no probability yet–
Ethereum / ETH No00✓–new new word, no probability yet–
Hyperliquid No00✓–new new word, no probability yet–
Quantum No00✓–new new word, no probability yet–
Stock Market No00✓–new new word, no probability yet–
Strategic Reserve No00✓–new new word, no probability yet–
Vegas No00✓–new new word, no probability yet–
Trump No00✓–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 words

Captions · machine-attributed · Bitcoin Magazine (YouTube) · Source · Quotes of at most 25 words; the full recording is on the publisher's official channel.

Machine-attributed. Speaker turns are labelled by a model, not the publisher.

4 matches for “Gold”; 4 quoted, at least 25 words apart.

Michael Saylorspeaker8:14

…5 years, it's up 38% a year, which is much better than gold or the S&P. Real estate's up 6% a year. Money markets are…

Michael Saylorspeaker8:35

…you can see, the theoretical highest yield you could ever pay on gold-backed credit would be 16%. The theoretical highest yield you can pay on…

Michael Saylorspeaker9:37

…management principal protection. You could do what we've done in theory with gold, with real estate, or with the S&P index, but you wouldn't be…

Michael Saylorspeaker28:31

…got a return lower than its volatility right now. Nasdaq, same thing. Gold, 0.4. Real estate Real estate's awful, right? It's got high volatility, low…

Where the listed words were said

Michael Saylorspeaker“Digital Credit” · 0:08

…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…

Michael Saylorspeaker“STRC / Stretch” · 2:02

…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…

Michael Saylorspeaker“Million” · 15:06

…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%.…

Michael Saylorspeaker“Institution / Institutional” · 6:49

…investors. It appeals to hedge funds and hybrid investors. It appeals to institutional credit And it's also an appeal to corporate treasurers and CFOs that…

Michael Saylorspeaker“HODL / Hold” · 11:28

…a month or a quarter or a year, you probably want to hold the credit because you don't want any uh, in the principal. If…

Michael Saylorspeaker“Cycle” · 41:47

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…

Michael Saylorspeaker“ETF” · 36:04

…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…

Michael Saylorspeaker“AI / Artificial Intelligence” · 10:59

…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…

Michael Saylorspeaker“Satoshi” · 1:06

…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…

Michael Saylorspeaker“Winter” · 19:13

…of the crypto or or the bear market here in the crypto winter, Bitcoin peaked in October 6th. It was 125,000 a coin. It's 38%…

Agents: this page as TSV at /api/v1/appearances/michael-saylor:2026-04-28:keynote · words: /api/v1/brief?appearance=michael-saylor:2026-04-28:keynote · columnar JSON in #parrot-data · llms.txt · MCP