Hello friends, this post is based on a compilation of information from Michael Saylor's career that I have been following for a while, so please let me know if there is any misinformation..
Michael Saylor and without a doubt he is one of the most famous investors who in recent years has become very well known for being so convinced that there is nothing better than bitcoin in the world and that over time it will become a source of global value unmatched.
If you have been investing in cryptocurrency for a while, you have surely heard of Michael Saylor and microstrategy, one of the largest holders of bitcoin in the world, more than anything because from time to time he announces one of his purchases in bitcoin. But the reality behind all this is that Michael Saylor and his famous comments and predictions go beyond what bitcoin cryptocurrencies or even blockchain technology are since he has a much more important career as an investor than you might think. You can imagine
To do this we have to go back to the 90's where Michael Sailor, passionate about technology and everything related to computers, created the company microstrategy, a company that was founded on the vision of helping other companies to offer intelligence technology through everywhere taking advantage of the power of graphical operating systems and computing and pioneering a new business approach that helped it grow steadily until going public in 1998.
Where over the years it has become a leading company in business analysis and strategy software offering its services all over the world. With this we can see its beginnings as a visionary in terms of technologies that could grow over time and integrate in society mainly within the business sector.
but shortly after founding microstrategy Michael Saylor began to become increasingly interested in the number of real applications in the world that everything related to the internet could have and to put you in context a little we are talking about a time in which almost any company created Just one day before it offered its services related to this new technology, it began to be seen very favorably and overvalued in an exaggerated way, so carried away a little by the Euphoria of the moment, microstrategy under the management of Michael Saylor began to expand super fast. making somewhat overvalued acquisitions in his portfolio and thus expanding his company's exposure, something that, as you can imagine, did not end too well.
After reaching its highest point in March 2000, the burst of the velas.com bubble affected practically all technology companies, even the strongest ones such as Amazon, Microsoft and Google, and as it could not be otherwise, also microstrategy, which It ended up losing more than 99% of its stock market value between 2000 and 2002. But then how did it become so famous?
I think that mainly because of one thing that every investor has had to learn the hard way at some point in their life "Not to get carried away and analyze the opportunities that the market offers with much more caution" in fact that is one of the things that has helped microstrategy to continue to this day.
The story of Michael Saylor and bitcoin, despite the fact that Michael made many mistakes in the past like almost any investor, over the years he greatly refined his profile as an investor and began to identify what for him were the best opportunities in the market in every moment being a pioneer investor in Apple, Amazon or Google and especially with companies related to the potential of mobile technology and social networks around the world.
He even released his own book about all this where he predicted that this type of technology would end up becoming impertinent in today's society something that with the passage of time has shown that Michael Saylor was right and above all and perhaps most importantly that when you want Investing in an asset you have to trust and maintain it in the long term.
In fact, during this new path in which he began to look towards technologies related to social networks, he also made other mistakes, such as investing in long-term purchase options on Apple, specifically 18 months at a time when the The company suffered a strong correction in the stock market that continued until its purchase options expired and it lost a significant amount of money.
But do you know what happened next? For those who have followed Michael Saylor's career like me, you already know what he did next, the price of Apple actually began to rise again, fulfilling Michael Saylor's long-term prediction. But this time in an incorrect period of time which made him stop earning a lot, a lot of money and this is one of the lessons that he would end up learning the power of long-term investing and being patient if you trust the asset.
Until one day he suddenly finds himself with an asset totally different from what he had seen in his entire life with an innovative technology that would allow the world's population to return their control over money by fleeing the current system and accessing an extremely safe and secure system. decentralized "Bitcoin" but the best of all is that all this discovery was made at a fairly important moment worldwide where everyone was with a lot of uncertainty and things on an economic level were not looking too good and I am talking about the year 2020 a year marked by the pandemic that marked a before and after.
Where governments and large institutions can influence our lifestyle, access to financing or even our own way of thinking. But why was it such an important moment for bitcoin? because if one thing became clear during the pandemic, it is that the world's population had lost control and freedom and I mean control of our own lives and control and freedom of our finances and money.
At a time when most governments worldwide took advantage of the situation of certainty to put printers back into circulation unimaginable amounts of money that, over time, have ended up bringing greater instability and, above all, a very worrying situation with inflation, which since 2021 continues to be the main focus for central banks to combat, and of course in a system in which it can manipulate the money in circulation, going into debt to the point of impossible and all this under the premise that good times will come.
What has become very evident is that since then we need an escape tool to help us regain a little control of all this, which is why microstrategy began to invest heavily in bitcoin in August 2020. Starting with about 250 million dollars that little by little has been increasing until the largest purchase of more than 1 billion dollars in February 2021 and ended up accumulating a total of 158,400 bitcoin with an approximate value of about 5.54 billion, becoming the public company with the largest amount of bitcoin in the world in the current affairs and thus demonstrating its great commitment to the value of this asset in the long term.
From the beginning Michael Saylor has only been supporting bitcoin and in fact he has defended at all times that bitcoin is the only cryptocurrency that has attracted attention and that from the point of view of an institutional investor like him there comes a time when one prefers to move away a little from the stock market where you depend too much on macroeconomic factors with companies that at any moment can go bankrupt so other options you have are to invest in gold which is an asset that has proven to be quite controversial with an uncertain supply and a very serious problem of direct pollution due to mining activity.
For this reason, cryptocurrencies are an attractive option to invest, but of course there are thousands of different cryptocurrencies. So which one is the best because according to Michael Saylor, the reality is that there is no second best option, only bitcoin and this is due to all its fundamentals but above all because of the way in which it is a completely decentralized project that has managed to achieve fame without any type of government support or any type of centralized entity that has promoted the project, just a community of people who in the beginning where bitcoin was worth just a few dollars decided to put their capital and their efforts to give shape to what would little by little become known around the world as an asset created out of nothing by a certain Satoshi Nakamoto whose identity has never been revealed and who probably never can be found out.
So this is something that so far no other asset has even I would dare say will continue for a long time. As the Fiat system destabilizes and people increasingly put more and more trust in a single asset that will continue to exist throughout the history.
| Source of the information: |
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https://www.nasdaq.com/articles/michael-saylors-billion-dollar-bitcoin-bet-has-rebounded
https://u.today/is-michael-saylor-finally-interested-in-ethereum-eth
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