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How a Pandemic Made Michael Saylor a Bitcoin Believer (and You Should Too!)

BBG News

So, Michael Saylor, the strategy guru, decided that Covid-era chaos was the perfect time to dive into Bitcoin. Because, you know, who doesn’t want to invest in digital currency while the world is falling apart? 😂

In a riveting chat with Dr. Jordan B. Peterson (yes, that guy), Saylor revealed that he got hooked on Bitcoin in 2020. He called it a “war on currency” while everyone else was just trying to figure out how to bake sourdough bread during lockdowns. 🍞

“It wasn’t the war on Covid, it was the war on currency,” he quipped. Because nothing says “I’m a serious investor” like comparing a pandemic to a financial crisis.

In a heartfelt email to his employees, Saylor described the Covid restrictions as “soul-stealing.” I mean, who knew social distancing could be so dramatic? 🙄

He painted 2020 as a “bifurcation of Main Street and Wall Street,” where small businesses were crushed while Wall Street fat cats were living their best lives. Talk about a plot twist! 🐱‍👤

With $500 million in cash reserves (no big deal), Saylor realized that interest rates were practically zero, thanks to the Federal Reserve. So, his cash was just sitting there like a sad puppy waiting for a home. 🐶

Money Printing Mayhem

As Covid lockdowns hit, panic ensued. But the “perverse” part? The stock market bounced back like a rubber ball because the Fed was printing money like it was going out of style. 💸

“We had hyperinflation in financial assets,” Saylor said, while investment managers were laughing all the way to the bank. Meanwhile, he was stuck with cash that was “non-performing.” Talk about a bad breakup! 💔

“I had a choice between a fast death or a slow death, and it was time to choose a side.”

The War on Currency

“It took me 30 years to accumulate this money. Why should I give up 30 years of my life?” Saylor lamented. Because, Michael, that’s how life works! 😅

He started searching for a solution, declaring, “I want to be one of those guys who owns things, but I don’t want to own sovereign debt.” Because who needs stability, right?

He considered real estate, stocks, and even collectible art. But with prices skyrocketing, he wondered, “How do I find $500 million worth of Picassos and Monets attractively priced?” Good luck with that, buddy! 🎨

“I need a liquid fungible asset which will store my economic energy for an indefinite period of time.”

Bitcoin Investments Begin

“I’m watching the world burn while all the Wall Street guys get rich,” he said, before asking his buddy Eric Weiss about Bitcoin. Remember when he thought it was a “scam coin”? Classic! 😂

After binge-watching YouTube videos and podcasts, Saylor concluded that Bitcoin was the answer. Who needs gold when you have digital coins, right? 🪙

MicroStrategy made its first BTC purchase in August 2020, snagging 21,454 coins for $250 million. Now, they’re the world’s largest corporate holder with 582,000 BTC worth around $63 billion. Talk about a glow-up! 💰

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2025-06-12 09:24

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