Michael Saylor Once Said 'Bitcoin's Days Are Numbered.' Now He Holds More Than A Billion Worth Of King Crypto: Here's What Changed For One Of Crypto's Biggest Advocates
Early Doubts and Hesitations Despite being a tech entrepreneur and having a deep understanding of the financial markets, Saylor was initially skeptical about Bitcoin. He viewed it as a speculative asset and was not convinced of its long-term potential. However, as he dug deeper into the technology and its underlying principles, his doubts started to fade away. Falling Down the Rabbit Hole Saylor's curiosity and analytical mind led him to dive deep into the world of Bitcoin. He read everything he could get his hands on, from Satoshi Nakamoto's whitepaper to books, articles, and research papers. He also attended conferences and engaged with other Bitcoin enthusiasts. As he learned more about the technology and its potential to disrupt traditional financial systems, he became a firm believer in its future success. The Turning Point In August 2020, Saylor announced that MicroStrategy had purchased $250 million worth of Bitcoin as a treasury reserve asset. This move was se...