Microstrategy Goes Full Bitcoin
At this point, everyone in crypto has heard the name MicroStrategy. They're the first high profile public company to add Bitcoin to their balance sheet.
If you remember how the original story played out, the release of notice that they bought Bitcoin was actually just slipped in with their regular filings. MicroStrategy and their CEO, Michael J. Saylor didn't intend on this being a huge news story just waiting to go viral.
The crypto community being crypto, they made this a huge news story and ensured that it reached internet fame. This is actually a huge turning point for Bitcoin and while MicroStrategy is far from the most high-profile "win" for the crypto space, it's still a high enough profile win to make a difference.
I listed to Pomp's podcast where he interviewed Saylor. It was an interesting interview, but one of the major takeaways that I got from it was that Saylor is an opportunist at heart. He finds diamonds in the rough, dusts them off and isn't afraid to wait decades for the ultimate payoff.
Another great takeaway - which I shared on Twitter at the time - was that Saylor was the one who sold EOS (and Dan Larimer) the voice.com domain for $30,000,000 USD... a huge win and one that hits close to home as I've been familiar with Dan and his work for the past near-half decade on Steem and Hive.
When opportunity arises, Saylor heeds the call.
I just saw this page tweeted out and had a few thoughts. Michael Saylor is quickly becoming a major Bitcoin bull; not just in terms of how much Bitcoin he actually bought (personally/through his company) but also in terms of in being a public proponent of Bitcoin.
Saylor isn't your typical Bitcoin shill. He's an older guy, clearly an experienced businessman (in the Pomp interview, he said he was the longest standing CEO of any public company) and has a tempered demeaner.
Contrasted with your typical Bitcoin "representative" and I think it's a nice change of pace. Same goes for people like legendary investor Paul Tudor Jones who recently started talking about Bitcoin earlier in 2020.
Early Stages
We're still in the early stages of Bitcoin hitting the real mainstream. Right now, crypto is still a tiny industry. Not even a trillion USD yet. On a relative scale, that's truly tiny.
Bitcoin remains my largest holding in terms of assets, but in terms of where I spend my time; not so much. I love Bitcoin and actually look at it as a safe investment for the long-haul. It's just not something where you can spend a ton of time - not like LEO or HIVE where you can actually use it on a daily basis.
I take my "risk" on projects outside of BTC. LEO, HIVE, BAT, (more recently, RUNE) and a few other non-crypto endeavors.
The world of investing has become a more interesting landscape recently. Access to information is becoming increasingly widespread and many "regular folk" are waking up to the realities of a broken financial system.
It seems that everything is coming together for Bitcoin and the more MicroStrategy-esque investors that we can get on board, the better.
| Track Hive Data | New Interface! | About Us |
|---|---|---|
| Hivestats | LeoFinance Beta | Learn More |
| Trade Hive Tokens | Wrapped LEO | Hive Witness |
|---|---|---|
| LeoDex | Trade on Uniswap | Vote |
Posted Using LeoFinance Beta
