From Skeptic to Billionaire: Michael Saylor's Incredible Bitcoin Transformation

Summary:

Michael Saylor was initially a Bitcoin skeptic but has transformed into a major advocate.
In 2013, Saylor tweeted that Bitcoin's days are numbered.
By 2020, he admitted to forgetting his critical past statements about Bitcoin.
MicroStrategy has become the largest corporate owner of Bitcoin, with holdings exceeding $15 billion.
Saylor's personal Bitcoin holdings are nearing $1 billion and he plans to invest more.

Michael Saylor: A Bitcoin Advocate Like No Other

Michael Saylor is one of the most influential advocates of Bitcoin (BTC) and the co-founder of MicroStrategy Inc., a software firm that has become a significant player in the cryptocurrency space. However, many may not know that Saylor initially held a skeptical view of Bitcoin.

A Surprising Turn of Events

On December 19, 2013, Saylor tweeted, "Bitcoin's days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling." This statement reflected the doubts many had about Bitcoin's longevity.

Source: Twitter

Fast forward to September 2020, during a podcast with Anthony Pompliano, Saylor expressed his embarrassment over his previous tweet, stating, “I literally forgot I ever said that.” He humorously remarked on how he felt like an idiot for doubting Bitcoin.

The Shift in Strategy

Less than seven years after his critical tweet, MicroStrategy adopted Bitcoin as its primary reserve asset, marking a pivotal moment in the company's strategy. As of now, MicroStrategy is recognized as the world’s largest corporate owner of Bitcoin, boasting a holding worth over $15 billion. Their stock performance has even outperformed every company in the S&P 500, including tech giant NVIDIA Corp..

Saylor's Current Stance

Michael Saylor's journey has evolved dramatically; from saying "Bitcoin's days are numbered" to now referring to it as "a swarm of cyber hornets serving the goddess of wisdom." Recently, he revealed that his personal Bitcoin holdings are nearing $1 billion, with plans to continue investing in the cryptocurrency.

Source: Twitter

Price Action

Currently, Bitcoin is trading at $61,022.74, with a slight decrease of 0.65% in the last 24 hours. Meanwhile, MicroStrategy's stock closed at $163.41, down 0.75% during the latest trading session.