It's not new that MicroStrategy Company already bought more than $450M worth in Bitcoin but what people doesn't knew until yesterday was that the CEO of the firm also own a big share in Bitcoin. The big boss of MicroStrategy before informing the company of his plans to transform Bitcoin in their primary reserve fund he first bought a huge amount of Bitcoin, in fact he owns 17,732 bitcoins worth more than 230M accordingly with his statement in his Twitter account on October 28, 2020.
Michael Saylor since his company bought that amount of Bitcoin to make primary reserve fund have been on the news and transforming his firm in one of the companies in the world that have Bitcoin as main asset to solve their problems of liquidity when comes to profit, actually the value bought already gained some huge profit for the company compared with firms that bet on traditional reserves such as Dollars of even Gold. The $450M worth in Bitcoin bought by MicroStrategy was acquired when the Bitcoin value was less than $11,000 each unit and now the price per unit is almost $13,600.
Saylor private fortune in Bitcoin was acquired accordingly to his declaration at $9,882 and during this short time he made some notable profit of $55M. He bet in the right place and also led his company to make some preponderant acquisition in Bitcoin and MicroStrategy have become one of the biggest corporations to Hodl and have a primary reserve fund in Bitcoin that is an example to other firms that is possible to use Bitcoin to protect the company wealthy and have liquidity on time to assure nothing on the company can happen for absence from cash.
Surely more companies joined the travel to assure their firms also can secure some of this scarce asset to maintain their own liquidity, Square the firm of Jack Dorsey also invested an amount of $50M to purchase Bitcoin, Jack who is also the Twitter CEO is a fanatic of Bitcoin and wasn't a surprise to see his company buy that amount.
More and more companies will join the ride and will buy Bitcoin, the asset have a supply that is scarce, is a better way of store of value compared with Fiat that anytime can be increased with more printing, different from Fiat it's proof of inflation, with time the value of the asset just increase and give the holders astonishing profits.
The time of Fiat is ending and serious companies are investing in Bitcoin and other cryptocurrencies which can give them high dividends with time.
The world is evolving and many corporations and private figures are looking for better ways to store their value and seeing the problems with Fiat where government are always printing new money to pay their debts and making new debts, the world is somehow full of nations with debt that won't be paid never and it's necessary to find immediate solutions to this kind of problems with Bitcoin being one of the best assets to store money into. Of course government still have difficult to accept it but soon or later they will and that time a new and mainstream internet money will be available to all!
Today we just have a multi billion corporation such as MicroStrategy holding Bitcoin as their primary reserve fund but soon enough we could see other firms adventuring to Hodl some of this scarce asset, just note in short time of investment the company already gained some huge profit also the CEO acquisition already made for him astonishing $50M in profit in less than a year in profits and that is something wonderful that no Fiat can give in that period of time. Time to change to Bitcoin and crypto assets, the world isn't anymore the one we knew, things are changing!
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I just read through some of your articles, they made senee. I like this one as it is really educative. You really have a point: the era of fiat currencies is really closing up.