• Thu. Apr 25th, 2024

Michael Saylor Continues to Defending Bitcoin

Christian Klausen

ByChristian Klausen

Mar 24, 2021

The opinion about the future of cryptocurrencies is divided everywhere. At one end, scholars and academics are calling it a Ponzi scheme and an Enron. On the other, people like Michael Saylor have spent billions of dollars in the crypto pool and become self-appointed promoters for digital assets. Michael Saylor is the CEO of MicroStrategy, a software solution provider based in the USA. Saylor has been a fan of cryptocurrencies for many years. 

Last August, his company invested a massive sum of $5.2 billion in flagship cryptocurrency, Bitcoin. Since then, Michael has appeared on many media platforms to defend the position of cryptocurrencies. He has also been actively campaigning in billionaire circles to find bigger institutional investors for the crypto pool. He takes pride in setting up an example for non-crypto-based companies to invest in a digital asset and add it to their balance sheet.

A Tweet worth Billions

Many people think that Jack Dorsey is going to make history after selling his first tweet as an NFT. However, Saylor from MicroStrategy has already set a high bar on this idea. In a tweet from his official account, he has invited major players of the industry to raise stakes in Bitcoin. One such tweet from Saylor prompted Tesla owner Elon Musk to make an investment worth $1.5 billion in Bitcoin. After this important transaction, Bitcoin started to rise higher than any other cryptocurrency.

Saylor has refused to comment on the speculation that he had a further discussion with Musk to make this transaction possible. According to him, it would be against business etiquette to discuss business proceedings dealing on a public level. He further added that his tweet made a significant amount of impact on the decision of Tesla Inc. to invest and endorse BTC.

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The New Google Contender in the Market

Michael J. Saylor has major stakes in BTC, but he is also a known advocate for the world’s digital asset transformation. In an interview with Time magazine, he told the reporters that he aims to fix the balance sheets of global organizations with the help of Bitcoin. This is not it; he also recognizes Bitcoin’s potential to be the same as Google for the future of monetary digitization.  

In his Interview, Saylor dubbed Bitcoin as a new paradigm that is still misunderstood by the majority of the world. He is optimistic that the younger generation is ready to accept and adapt to the economic advantages of Bitcoin. In his opinion: The only thing that could go south is the emergence of a black swan which would accelerate the transition of decentralized digital currencies much faster than expected. 

Christian Klausen

Christian Klausen

Christian Klausen is a talented news writer renowned for his compelling storytelling and comprehensive research. With a sharp eye for detail, his articles offer readers a thought-provoking and well-informed perspective on a wide range of current topics.

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