Michael Saylor is considered one of the most influential proponents of Bitcoin BTC/USD, and the software company he founded, MicroStrategy Inc. MSTR, is more like a major cryptocurrency agency. It plays a role.
However, not many people know that Bitcoin evangelists were not bullish on Bitcoin assets from the beginning. In fact, he himself has expressed surprise at some of his outdated views on cryptocurrencies.
What Happened: On December 19, 2013, Thaler tweeted something typical of the skeptics that may come to mind after reading this article.
“Bitcoin’s days are numbered, and it seems like it’s only a matter of time before it meets the same fate as online gambling,” Saylor said.
#bitcoin The days are numbered. It seems like it’s only a matter of time before it suffers the same fate as online gambling.
— Michael Saylor ⚡️ (@saylor) December 19, 2013
Saylor was asked about the tweet on a September 2020 podcast with Anthony Pompliano, founder and CEO of Professional Capital Management.
“I’m really embarrassed, but I didn’t know I had tweeted until the day I tweeted that I had bought $250 million worth of Bitcoin,” Saylor responded with childlike glee.
“I literally forgot I said that,” he added, admitting how “stupid” he was.
SEE ALSO: Bitcoin is not a ‘safe haven’, but Trump’s increased odds could fuel a rally: Standard Chartered
Why it matters: Less than seven years after his forgotten tweet, Saylor’s MicroStrategy adopted Bitcoin as its primary reserve asset, becoming the first publicly traded company to pursue this strategy.
The company hasn’t looked back since, and as of this writing, MicroStrategy is the world’s largest corporate owner of Bitcoin, with assets worth more than $15 billion, according to bitcointreasuries.net. .
Additionally, since introducing Bitcoin, MicroStrategy’s stock price has outperformed every company in the S&P 500, including AI giant NVIDIA Corp. NVDA.
Meanwhile, Thaler’s journey has been an exciting one, from saying “Bitcoin’s era is over” to seeing Bitcoin as “a swarm of cyber hornets serving the goddess of wisdom.”
He recently revealed that he owns nearly $1 billion in major cryptocurrencies, and revealed his intention to acquire even more in the future.
#bitcoin A swarm of cyber hornets that serve the Goddess of Wisdom, feeding on the fire of truth and growing smarter, faster, and stronger behind a wall of encoded energy.
— Michael Saylor ⚡️ (@saylor) September 18, 2020
Price Trend: At the time of writing, Bitcoin was trading at $61,022.74, down 0.65% in the past 24 hours, according to data from Benzinga Pro. In regular trading on Thursday, MicroStrategy shares fell 0.75% to close at $163.41.
What’s next: Anthony Pompliano will be the headline speaker at Benzinga’s Future of Digital Assets event on November 19th.
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