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Saylor has been the main promoter of the institutionalization of Bitcoin.
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Before Bitcoin, MicroStrategy was not a good investment.
Bitcoin would have reached $100,000 on its own merits if Michael Saylor didn’t exist. It was a matter of time; I didn’t need Saylor. But the institutional drift that Bitcoin has taken in recent years has had the founder of MicroStrategy as its main architect. This saved his company, and others will follow suit.
Although Bitcoin is different things for different people, and despite the fact that the objective of building a reality parallel to the State based on Bitcoin remains more valid than ever with the increasing number of citadelsin the mainstream narrative Bitcoin is increasingly seen as an institutional asset and less as a cypherpunk utopia.
It is our opinion that this shift in public opinion has been shaped primarily by Michael Saylor, and that by his hand too the major is being unleashed wave of institutional FOMO view on Bitcoin until now.
The Bitcoin triad: understand, buy and educate
Saylor was the first player in traditional finance to really dedicate himself to understanding Bitcoin. The greatest proof of this is not his bombastic metaphors or lectures at conferences, but the aggressive purchases of your company.
MicroStrategy was not the first publicly traded company to venture into Bitcoin. Blockchain-contra-la-corrupcion/” target=”_blank” rel=”noreferrer noopener”>Overstock, DellNewegg, and even Microsoft started accepting payments in Bitcoin as long ago as 2014. You could say they didn’t get it, or partially understood it.
However, MicroStrategy was the first publicly traded company to adopt Bitcoin as its main reserve asset for its treasury. In August 2020, the business intelligence company justified his reasons to invest in Bitcoin in the inflationary decisions of the Central Bank economy:
“Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe are creating long-term risks to our corporate treasury program, risks that must be proactively addressed. . “Those macro factors include, among other things, the public health and economic crisis precipitated by COVID-19, unprecedented government financial stimulus measures, including quantitative easing adopted around the world, and global political and economic uncertainty.”
MicroStrategy
Although we could also thank Donald Trump and Jerome Powell, the main champions of such economic imbalance, for the growth of bitcoin, after MicroStrategy’s investment, Saylor became one of the most vocal figures in the Bitcoin ecosystem. He made the triad: understood Bitcoin, took actions to accumulate bitcoin, and evangelized about Bitcoin.
Anyone who really understands Bitcoin, and who really understands fiat, is looking to get rid of all of their fiat, or use the entire fiat debt system, to buy as much bitcoin as possible. And that’s exactly what MicroStrategy has done.
And while he accumulates voraciously, he educates about Bitcoin. Not only at the level of speech, on social networks, podcasts and traditional press interviews, but by organizing events such as Bitcoin for Corporations, creating manuals to facilitate investment in Bitcoin for companies and offering free courses and training for anyone.
Bitcoin as the best treasury strategy
It was mainly for a Michael Saylor challenge that Tesla invested in Bitcoin in February 2021, which had a great influence on the price movements of said cycle. We could even say that it was thanks to this that Doge and memecoins became relevant that they have had since the last cycle.
MicroStrategy opened the floodgates for companies like Block (formerly Square); Semler; Nexon; Aker; Metaplanet; among others, decided to include Bitcoin in their corporate treasuries. And every time a company considers adopting Bitcoin, Michael Saylor steps up to show how to do it, as it happened with Microsoft and Rumble.
A few days after this exchange, Rumble’s purchase of bitcoin was completed. Fountain: Chris Pavloski
And this is just what we find out behind open doors, in the digital agora. But we don’t know what conversations Saylor has had or with whom, among the world’s millionaire elites. And these are people who invest not a few hundred dollars, but millions and billions in BTC. We would not be surprised if the change of perspective on Bitcoin that the CEO of BlackRockLarry Fink, has been influenced by Saylor himself.
From irrelevance to renown
Obviously Saylor has not done this out of altruism or seeking to create a better world. Personal benefit, for his company and shareholders, has always been his pursuit, which is nothing to sneeze at. And the play went well: Bitcoin saved MicroStrategy from irrelevance.
Before its bitcoin treasury strategy, MicroStrategy was not a high-profile financial company. Its business focused on providing solutions for data analysis, reporting and information-based business decisions. Except for a price bubble experienced in 2000, throughout history the MSTR share price had been fairly flat.
MSTR traded between $2 and $12 for almost twenty years. Fountain: Google.
In 2020, before his first bitcoin purchase, MSTR shares were trading at $9. Recently its price climbed to a maximum of USD 535. But even with the decline it has had to USD 408, MicroStrategy has been a better investment over the last five years than even Nvidia.
This growth is directly correlated to its aggressive Bitcoin purchasing strategy.
The MSTR quote has climbed along with the price of bitcoin. Fountain: BitcoinTreasuries.
Saylor’s move has turned out so well that MSTR went from being a small-time action to rank in third place in trading volume on the stock market, above Apple, Amazon, Microsoft and Alphabet.
This is what happens when you understand a technology as disruptive as Bitcoin and find the most efficient way to accumulate it. MicroStrategy has not limited itself due to a lack of liquid capital, but has issued a huge amount of debt to buy it, because it knows that, in the long run, fiat-priced bonds will fall, while bitcoin will continue to rise. Even if MicroStrategy were to sell its Bitcoin holdings, or take some profits, I would have enough money to pay all your obligations and debts.
Saylor recently revealed that, with his strategy, They are earning USD 500 million a day. Seeing the growth of MSTR, in conjunction with the growth of Bitcoin, the great capitals of the world They won’t want to be left out of probably the best corporate treasury strategy in history.
Now, with an increasingly accelerated pace and volume of purchases, already accumulating 386,700 BTC, almost 2% of the total Bitcoin supply, and taking into account the scarce supply of Bitcoin that exists, MicroStrategy will unleash a new wave of institutional FOMO, and we will see forgotten companies re-emerge thanks to their Bitcoin treasuries.
Michael Saylor is the demonstration that reality is shaped by those who have an open mind to change their minds based on understanding and the determination to act.
Bitcoin saved MicroStrategy from irrelevance and will do so with other companies, States, families and individuals, in a virtuous circle that will keep bitcoin on the rise, while bringing a new economic resurgence.
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