Michael Saylor, CEO of MicroStrategy, made a Twitter post yesterday offering help with Bitcoin investment to SpaceX and Tesla founder Elon Musk. The latter has shown his interest in cryptocurrency.
Michael Saylor wants to help Musk
Michael Saylor, the CEO, who invested $ 425 million in Bitcoin earlier this year, is now offering advice to Elon Musk on how to start investing in cryptocurrencies.
According to a published tweet, Saylor offered Musk to turn Tesla’s savings into Bitcoin (BTC). Recall that Tesla’s market capitalization is currently valued at over $ 658 billion, according to AssetDash. The CEO of MicroStrategy has suggested that a figure like Musk, who takes the lead in Bitcoin adoption, could cause them to follow him.other companies from the S&P 500 ”.
Saylor then offered that Will split [swoim] advice “ from Tesla’s CEO, stating that it bought BTC for $ 1.3 billion this year. Recall that the CEO of MicroStrategy has two degrees from MIT in the field of aeronautics and astronautics as well as science, technology and sociology, which may make him an interesting interlocutor for the Tesla boss.
And the fortune of Musk, CEO of Tesla and SpaceX, has an estimated net worth of over $ 153 billion. Supposedly, from February 2019, he personally has only 0.25 BTC.
It all started when Musk started tweeting about BTC. He wrote – once again – that “Bitcoin is his” safe word “. Other cryptocurrency investors – apart from Saylor – quickly responded to the Tesla boss’s inquiry regarding a potential cryptocurrency purchase.
Sam Bankman-Fried, CEO of the Hong Kong-based FTX cryptocurrency derivatives exchange, wrote back to the billionaire that he could implement such a plan to buy large amounts of BTC “within a week”. Gemini co-founder Tyler Winklevoss also joined the conversation, advising Musk that there is “Lots of fluidity to do this.”
One of the critics of the idea of investing in BTC was Peter Schiff. He wrote that Bitcoin is a financial pyramid and advises Musk “[nie] leave Tesla shareholders ” with such a problem that MicroStrategy shareholders believe.
Saylor has openly supported Bitcoin since it announced that MicroStrategy made its first $ 250 million purchase of Bitcoin as a reserve asset in August.