The founder of the strategy, Michael Saylor, says that the restrictions on Covid and the monetary policy of the US Central Bank at that time finally motivated him to invest in Bitcoin in 2020.
While interview With Dr. Jordan B. Peterson, who was broadcast on June 9, Saylor said that he deeply became interested in Bitcoin (BTC) in 2020. After he called the “war about currency” among global blockades caused by Pandemics and reducing the interest rate in the United States.
“It was not a war with Covid, it was a war with currency,” he told Peterson.
In E -Mail to employees at that time, Saylor wrote that the restrictions on Covid’s “stealing soul and destroyed to adopt the concept of social distance and economic hibernation.”
He described the year 2020 as a “Main Street and Wall Street”, in which petite and medium -sized companies and employees were “destroyed” by restrictive policies that close shops and workplaces, while investors and Fatcats Wall Street did very well.
Saylor said that his only rescue line was $ 500 million in cash reserves in possession of MicroStrategy, but interest rates were almost zero due to the intervention of the federal reserve, so that cash would not bring performance.
“Central banks printed money,” he said, “forcing rates.”
Money printing chaos
“There is a Covid blockage and there is a huge panic,” but the most “perverse thing you can imagine” was that the stock market markets regained in the summer of 2020, because the federal reserve printed money.
“We had hyperinflation of financial assets”, which meant that investment managers and traders of the opulent stock exchange, said.
Related: Centralized Treasuries Bitcoin has 31% BTC supply: Gemini
“I had a resource [cash] It was impossible now […] So I have a choice between a quick death and a slow death, so it’s time to decide to choose the page. “
War with currency
“It took me 30 years to raise money […] Why should I give up 30 years of my life, ”Saylor regretted.
Then he began to look for a solution, saying: “I want to be one of those guys who are the owners of things, but I do not want to have a sovereign debt.”
Saylor considered real estate, stock portfolios and even collector’s art for investments, but the first two have already increased rapidly due to the environment of zero interest.
“How to find picassos and coins worth $ 500 million?” He asked.
“I need liquid fungic assets that will store my economic energy for an indefinite period.”
Bitcoin investments are starting
“I look at how the world is burning, while all guys from Wall Street are getting opulent,” he said before asking his long-term friend and founder of Blockchain Investment Group, Eric Weiss, about Bitcoin and Crypto-originally considered it a “fraud” on the Bear 2018.
Saylor began to study crypto with films, podcasts and books on YouTube and came to the opinion that the solution was “an instrument of a non -existent medium, whose gold was the best.”
MicroStrategy made the first BTC purchase in August 2020, collecting 21,454 coins for $ 250 million.
The company is currently the world’s largest corporate holder from $ 582,000 worth $ 63 billion, According to to track Saylor.
Warehouse: Elon Musk Dogecoin coming pump? SOL TIPLED to achieve $ 300 in 2025: Trade secrets
