Hacker News new | ask | show | jobs
by _hdap 2001 days ago
Here is the Michael Saylor interview (mentioned in the article):

https://youtu.be/Cg10yYZjK94?t=1h10m0s

This is the CEO of MicroStrategy who mainstreamed Bitcoin investment, saying stuff like:

  "Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy”
Background from Wikipedia:

  On MicroStrategy's quarterly earnings conference call in July 2020, Saylor announced his intention for MicroStrategy to explore purchasing Bitcoin, gold, or other alternative assets instead of holding cash. The following month, MicroStrategy used $250 million from its cash stockpile to purchase 21,454 Bitcoin.

  MicroStrategy later added $175 million of Bitcoin to its holdings in September 2020 and another $50 million in early December 2020. On December 11, 2020, MicroStrategy announced that it had sold $650 million in convertible senior notes, taking on debt to increase its Bitcoin holdings to over $1 billion worth. On December 21, 2020 MicroStrategy announced their total holdings include 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin. Saylor, who controls 70% of MicroStrategy's shares, dismissed concerns by observers that the move is turning MicroStrategy into a Bitcoin investment firm or exchange-traded fund (ETF).
1 comments

He does seem like a bit of a lunatic but I'm not sure that it says much about Bitcoin. If you ever watch YouTube, you'll find there are similar characters in real estate, stocks, forex, etc.
Michael Saylor is the guy who "legitimized" Bitcoin

He is frequently mentioned in Bitcoin discussions as evidence that Bitcoin is mainstream: a rational, safe investment, good enough for MicroStrategy to invest hundreds of millions

When you actually watch him talk, the credibility vanishes

> Michael Saylor is the guy who "legitimized" Bitcoin

This is greatly overstating his role and impact.