What are your thoughts on Michael Saylor? \ stacker news ~bitcoin

What are your thoughts on Michael Saylor?

2967 sats \ 31 comments \ @cryotosensei 21 Jun 2023 bitcoin

What are your thoughts on Michael Saylor?

Michael Saylor’s trajectory has been interesting to witness. From being a vocal anti-Bitcoin critic to being the largest holder of Bitcoin. Ever so often, Microstrategy will hit the headlines for making yet another substantial purchase of Bitcoin. Currently, it holds 140,000 BTC at an average price of $29,803 per coin. To put things in context, Michael Saylor now owns 1 in every 150 Bitcoin ever created. The second largest holder, Galaxy Digital Holdings, has about 100,000 less Bitcoin! This shows how far ahead of the game Michael Saylor is.

Suffice it to say that Michael Saylor’s actions would have a significant impact on the price movement of Bitcoin. Since many of us are using Bitcoin as a speculative asset and even half-banking in it to yield us Finanical freedom, how heavily does his actions weigh on your mind? Of course, it’s impossible to predict his behaviour but to what extent do you factor in possible scenarios that may arise from his actions?

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769 sats \ 1 reply \ @siggy47 21 Jun 2023

I don't lose sleep over the possibility that he dumps it all. If he does, the price will take a big hit temporarily, which might be scary. In the long run it wouldn't be a big deal, just a nice buying opportunity.

0 sats \ 0 replies \ @kepford 21 Jun 2023

Yep, the longer I've been using bitcoin and the more I've been learning about the more I feel like that about almost all these types of questions.

427 sats \ 0 replies \ @SpaceHodler 21 Jun 2023

He's a statist and believes in the USD as a complement to BTC.

He thinks people living in developing countries / dictatorships need it to circumvent regulations, capital control etc., because they have bad governments and it's ok for them to circumvent it, but the US has a good government and its citizens should abide by the law.

I hope he dumps his coins, I'll buy whatever I can.

243 sats \ 0 replies \ @mudbloodvonfrei 21 Jun 2023

Two things about Michael Saylor:

He is a very smart guy. I've seen some podcasts with him and I'm impressed. I like listening to smart people because it makes me smarter. I've seen some people on here bash him and I'm not sure why. (There are also very smart people who don't own bitcoin, or are anti-bitcoin - the more opinions you are exposed to, the better).
Michael Saylor is good for bitcoin not because he holds a lot of it, but because he has a large audience and an ability to orange pill some of them. He might choose to dump his position, and while it may affect the market price, it won't affect the properties of bitcoin that make it a desirable form of money in a free market. In fact, Saylor's job is to provide value for his shareholders. His company has an actual product, and it isn't bitcoin. If he found a way to grow his business I would be very disappointed if he did not use some of his bitcoin to pay for whatever he needs to pursue that business opportunity. In fact, selling that bitcoin would be the best demonstration that it is money.

292 sats \ 5 replies \ @DarthCoin 21 Jun 2023

Saylor is good for Bitcoin as the marketing department. But let's not put him on a pedestal already.

He literally said: I will accummulate bitcoins as much as I can and then use them as collateral to get dollars.

He is not in this game to destroy fiat. He just want to take your bitcoins and you later borrow fiat from him.

Don't pay attention only to what he says, but he"s doing. He's a smart guy, so ask yourself why he didn't come up until 2020? The answer is that he was already accummulating btc before but was not the time to pump his bags.

Be aware that also FOMO is dangerous.

10 sats \ 0 replies \ @kepford 21 Jun 2023

Yep, hero worship isn't healthy. We don't need bitcoin heroes.

0 sats \ 0 replies \ @shortstackage 22 Jun 2023

Very well said, "marketing department" is exactly how I view Saylor and Microstrategy. I think that in the long term, their attempts to dollarize bitcoin will be foiled when people start moving away from fiat

0 sats \ 0 replies \ @jk_14 21 Jun 2023

He is not in this game to destroy fiat

Fiat money is always destroyed by itself.

0 sats \ 0 replies \ @Natalia 21 Jun 2023

I see him as marketing department too 😂

But if one want to learn good stuff, gotta dig deeper to find those toxic Bitcoiners.

0 sats \ 0 replies \ @mudbloodvonfrei 21 Jun 2023

His job is to run a company that has a product that isn't bitcoin. His company holds bitcoin because it is a superior form of money. As soon as he can employ that money in a better way than just hodling it, he should.

293 sats \ 0 replies \ @Atreus 21 Jun 2023

Good bitcoin educator. I had my old man watch his 90 min interview with Tucker. IMO it's one of the best introductions to bitcoin, especially for a guy my dad's age.

171 sats \ 0 replies \ @Bitcoiner1 21 Jun 2023

Mr. Saylor is one of the biggest marketing campaign for Bitcoin. And the bitcoin community is getting that campaign for free.

264 sats \ 0 replies \ @_b_o_n_e_s_ 21 Jun 2023

Good on him for holding some bitcoin. I don't waste time thinking about him though as I find his monotone monologues irritating

264 sats \ 0 replies \ @2bithits 21 Jun 2023

He kinda brought a unique view to our attention. Has amazing speech skills that create a mesmerizing effect.

He mentioned MicroStrategy is helping companies use tge lightning network for rewards, but I haven't seen any channel's or evidence of this happening. So he could be exaggerating or overselling much of what he talks about

179 sats \ 0 replies \ @k00b 21 Jun 2023

He’s a mental athlete imo and master salesman. He probably doesn’t understand bitcoin better than many of us but he always increases my bullishness.

159 sats \ 0 replies \ @jk_14 21 Jun 2023

His recent orange-pill presentation in Praque - is probably the best Bitcoin presentation ever:

(because: very well understandable for Average Joe)

109 sats \ 1 reply \ @south_korea_ln 21 Jun 2023

He lost me with his new age digital energy bullshit. I didn't care enough to look more into him after that.

0 sats \ 0 replies \ @south_korea_ln 21 Jun 2023

His impact on Bitcoin is ephemeral for now. Maybe he'll matter more once/if his lightning powered incentive project gets adoption beyond his own company.

107 sats \ 0 replies \ @john_doe 21 Jun 2023

I reply after reading the comments so it may influence my answer, but I would emphasize also that he puts "free" education online: https://learn.saylor.org/ I like anyone who promotes education like that. Although in my case I prefer education from universities. Not just about Saylor and Bitcoin but more broadly speaking, I agree though too much concentration of money is never good. But this problem is not specific to Bitcoin and it is the same for gold, very concentrated in the US, Germany and a couple of other countries (source: https://www.investopedia.com/ask/answers/040715/what-countries-have-largest-gold-reserves.asp). African countries are absent from the list, and with big events like war, gold or Bitcoin reserves can get more distributed over time (or even more concentrated).

106 sats \ 0 replies \ @TeslaLiberty 21 Jun 2023

A very courageous man Trailblazer Will be recognized as one of the top 20 bitcoiners of all time

53 sats \ 0 replies \ @kepford 21 Jun 2023

He's good for bitcoin. Period.

53 sats \ 0 replies \ @birdeye21 21 Jun 2023

people like to hate on saylor but he's simply a 🐐 bitcoiner

0 sats \ 0 replies \ @plebpoet 23 Jun 2023

nerd who talks a lot

0 sats \ 0 replies \ @shortstackage 22 Jun 2023

I see him as a Bitcoin educator and nothing more. I don't pay much attention to what he says anymore, his analogies seem to be getting more bizarre and I'm rather wary of his statism. His podcast musings are decent for newcomers but I prefer Saifedean and Matt Kratter since they discuss the properties of money more straightforwardly and they aren't statists.

In any case (like any large institution in the space), if Microstrategy allocates their bitcoin properly, that's good for Bitcoin. If they fumble their stack and get liquidated, that's good for Bitcoin

0 sats \ 0 replies \ @kepford 21 Jun 2023

Its funny to me. Dude buys tons of bitcoin and is called crazy by the finance world. Dude spreads knowledge about bitcoin to a large audience. What does he have to do to make people happy? Nothing. You will never make everyone happy. The ability to take the good with the bad is something you should learn over time. If you think all bitcoiners will think like you think you are diluted. I don't agree with many things he says but he has my respect for putting his money where his mouth is. He's good for bitcoin until he isn't. He's not an enemy.

0 sats \ 0 replies \ @falsefaucet 21 Jun 2023

irrelevant, he says the same words over and over again.

havent heard anything original from him in a year or so.

0 sats \ 0 replies \ @4md4d 21 Jun 2023

A dude on the internet. -shrug-

0 sats \ 0 replies \ @ewok 21 Jun 2023

solid communicator, glad he's around and making the rounds on news segments and podcasts. i send over some of his interviews to people who are interested in bitcoin.