Did He Invest More Than The Company Could Lose?
Michael Saylor has stepped down as the CEO of Microstrategy, this is a position he has held for the past 33 years. Which must have been a tough decision to make, but why though? He officially stepped down today, and people are assuming he did that because of the rate he has been using the company’s funds to buy bitcoin. Some assumed it’s because of the loss he had incurred due to the company’s investment in bitcoin. Well, if we are being sincere, I think he invested too much of the company’s funds in bitcoin.
The company had a chairman split, there is a new CEO and Michael Saylor assumed the board chairman role that will be involved in the company’s investment in bitcoin. Just like Jack Dorsey who stepped down as the CEO of Twitter only to go full time on bitcoin research company. These people are seeing a great future in bitcoin, enough to want to quit their job and focus on bitcoin full time. Once again, what are these people seeing in bitcoin that we aren’t see, they are ready to risk it all and go all in. They are core hard fanatics of bitcoin. But unfortunately they think other cryptocurrencies are shitty.
Back to Michael Sayolor’s investment in bitcoin, Microstrategy Company has about 129,999 Bitcoin roughy about $2.9 Billion. The company has an average purchase at $30k, which in my opinion is still not bad, but the amount is a a lot. What happens if bitcoin turns out bad, bitcoin is far from that though, but if that ever happens, that is a big loss. At the same time, this is a big risk, big enough to make the company one of the richest companies in the world if bitcoin gets to $1 Million price.
If bitcoin had continued it’s Bull run in a non-stop manner, are we going to be seeing this news? Will Michael Saylor step down as the CEO, or will he be celebrated to be one of the smartest CEO to had made that decisions. Well, whichever way the result turned out to be, we should never forget to never invest more than we can afford to lose.
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Very insightful write-up nice post @readthisplease
Thank you for your kind words.
You are welcome @readthisplease
This is interesting to read.. the fact that most of those big guys are leaving their jobs to focus more on bitcoin, I really think they are on the right track tho because they probably have seen future in it
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Yeah, they know the importance of being an early investor. This way they stay ahead in being extra wealthy
Yeah you are right about that
It's a possibility, but I'm interested in why you preface a speculative opinion with If we are being sincere? Just strange.
Yea ... I guess multibillion corporates are just not ready yet for the ups and downs of crypto
They absolutely aren’t ready. $100 Million is enough investment
We must never invest more than we can afford to lose but some risks are worth it. Cz sold his house to buy BTC too
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Yeah, that was wild, today we are praising him, if bitcoin had been a failure, no one would know him and he would be called a fool.
Well...if you dont gamble you cant win.and investing in crypto is gambling.no one knows what will happen in the future.it can skyrocket or it can fall to zero.
Well, time will tell.