Bitcoin: Microstrategy's Michael Saylor Unchained

Written by andreabianconi | Published 2021/03/11
Tech Story Tags: bitcoin | microstrategy | digital-gold | fiat-currency | bitcoin-vs-fiat | hackernoon-top-story | bitcoin-spotlight | bitcoin-maximalism

TLDR Michael Saylor is relatively new to the crypto sector. By his own admission he did not know much about bitcoin until February 2020. His company, Microstrategy, bought US$ 250 million of bitcoin as a treasury reserve in August 2020. Since then he has built a 90,000 bitcoin treasury reserve worth over US$ 4 billion. Saylor has influenced other public companies to invest in bitcoin, such as Paypal, Tesla, Square and institutional investors such as MassMutual. He seems to have assimilated quite well Bitcoin complexities in a surprisingly short time frame.via the TL;DR App

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Written by andreabianconi | CONTACT ME AT [email protected]
Published by HackerNoon on 2021/03/11