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.

2 matches for “Nvidia”; 1 quoted, at least 25 words apart.

Michael Saylorspeaker27:51

…Compare digital credit to equity. The best equity in the world is Nvidia. Nvidia's got a positive Sharpe ratio, 1.89 right now. Nobody else in…

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” · 9:57

…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…

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