Founded in the late 1980s by Saylor, MicroStrategy is a publicly traded business intelligence and software provider, but it is now better known for the $4.7 billion in bitcoin it holds on its balance sheet.
That sounds like a good problem to have, except it becomes a problem if those accumulated dollars start diminishing in value because of inflation. In one of his many sailing analogies, Saylor likened his company’s performance to rowing a boat against wind blowing harder than one can row. Even worse, inflation began to pick up and the purchasing power of cash cows was falling hard against the stock market and against any assets they might buy. Thus, buying bitcoin was like turning the rowboat around and sailing with the wind.
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saylor TedDeFi I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. You guys should Follow edmo360 he knows his stuff when it comes to Bitcoin & other Cryptos, his tweet have been helpful over the years.
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