Micahel Saylor the Lazer Eyed Bitcoin maxi is a staple amongst Crypto Twitter. Michael Saylor is the CEO of MicroStrategy, a publicly-traded company that provides business intelligence software to its clients. Saylor co-founded MicroStrategy in 1989 and has been instrumental in growing the company into a multi-billion-dollar enterprise. Saylor has a reputation for being an aggressive entrepreneur who is not afraid to take risks.
Saylor became interested in Bitcoin in 2020, and he has since become one of the most vocal proponents of the cryptocurrency. Saylor has argued that Bitcoin is a better store of value than gold and that it has the potential to become the world’s reserve currency. He has also argued that Bitcoin’s limited supply makes it a better hedge against inflation than traditional currencies.
Saylor’s Tweets and Quotes
Saylor has been very active on Twitter, and he has used the platform to advocate for Bitcoin. Here are some of his most notable tweets and quotes:
“Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.”
Michael Saylor, Twitter, September 2020.
“Bitcoin is not a currency; it’s the ultimate asset. It’s the apex property in the human economic system. It’s not about buying coffee; it’s about the future of the world.”
Michael Saylor, Twitter, December 2020.
“Bitcoin is the best savings technology that exists, and it is not close.”
Michael Saylor, Twitter, December 2020.
“I personally believe that Bitcoin is a trillion-dollar asset class.”
Michael Saylor, CNBC interview, February 2021.
Saylor’s tweets and quotes demonstrate his enthusiasm for Bitcoin and his belief that it is a revolutionary technology that will transform the world.
Saylor’s Impact on Bitcoin
Saylor’s impact on Bitcoin has been significant. In August 2020, MicroStrategy announced that it had purchased 21,454 bitcoins for $250 million, making it one of the first publicly-traded companies to invest in Bitcoin. Since then, MicroStrategy has continued to buy Bitcoin, and as of March 2021, it holds over 90,000 bitcoins, worth over $5 billion at the time of writing.
Saylor’s aggressive buying of Bitcoin has been controversial. Some people in the Bitcoin community have argued that Saylor’s buying is driving up the price of Bitcoin and making it less accessible for ordinary people. They argue that Saylor’s approach is making Bitcoin more like gold, a scarce commodity that is only accessible to the wealthy, rather than a currency that can be used by everyone.
However, Saylor has defended his approach, arguing that Bitcoin is not just a currency but a store of value. He has argued that Bitcoin’s limited supply means that it is a better hedge against inflation than traditional currencies, which can be printed at will. Saylor has also argued that his buying of Bitcoin is not driving up the price but is simply a reflection of the demand for Bitcoin. He has argued that if more institutions and individuals adopt Bitcoin, the price will continue to rise.
Saylor’s Impact on Bitcoin Adoption
Saylor’s advocacy for Bitcoin has had a significant impact on its adoption. Since MicroStrategy’s initial purchase of Bitcoin in August 2020, several other publicly-traded companies have followed suit, including Square, Tesla, and MassMutual. The total value of institutional investments in Bitcoin has increased from $2.2 billion in August 2020 to over $52 billion in March 2021.
Criticisms of Saylor’s Approach
Despite his significant impact on Bitcoin adoption, Saylor’s approach has not been without criticism. Some critics have argued that Saylor’s buying of Bitcoin is reckless and that it is putting MicroStrategy at risk. They argue that if the price of Bitcoin were to crash, MicroStrategy would suffer significant losses. They also argue that Saylor’s focus on Bitcoin is distracting him from MicroStrategy’s core business of providing business intelligence software.
Saylor has responded to these criticisms by arguing that Bitcoin is a sound investment that will generate significant returns in the long run. He has also argued that MicroStrategy’s investment in Bitcoin has been responsible for increasing the company’s stock price, which has benefited all of its shareholders.
The Future of Bitcoin with Saylor
Saylor’s impact on Bitcoin has been significant, but what does the future hold for Bitcoin with Saylor as one of its most vocal proponents?
Many analysts believe that institutional adoption of Bitcoin will continue to increase, and that this will drive up the price of Bitcoin even further. Saylor has been instrumental in this institutional adoption, and his continued advocacy for Bitcoin is likely to have a significant impact on its price and adoption.
However, there are also risks associated with Saylor’s approach. If the price of Bitcoin were to crash, as it did in 2018, it could have significant consequences for MicroStrategy and other companies that have invested heavily in Bitcoin. It could also have a broader impact on the cryptocurrency market, leading to a loss of confidence in cryptocurrencies as a whole.
Michael Saylor’s impact on Bitcoin has been significant, and his aggressive buying of the cryptocurrency has helped to drive institutional adoption. However, his approach has also been controversial, with some arguing that it is driving up the price of Bitcoin and making it less accessible to ordinary people.
Despite these criticisms, Saylor’s advocacy for Bitcoin is likely to continue, and his impact on the cryptocurrency’s adoption and price will be closely watched in the years to come. The future of Bitcoin with Saylor as one of its most vocal proponents remains uncertain, but one thing is clear: Saylor’s influence on the cryptocurrency market is significant and is likely to continue to shape the future of the industry.
