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Michael Saylor: From Financial Revolutionary to Billionaire in Just One Year

The CEO of MicroStrategy experienced firsthand the passage of bitcoin from 10 to 60 thousand dollars.

Exactly one year ago, on October 28, 2020, Michael Saylor reported via Twitter that he had made a big foray into the cryptocurrency market. The CEO of MicroStrategy confessed that it was he who recommended to the company’s board of directors to invest in BTC, and assured that he had 17,732 BTC acquired at a price lower than 10K each.

“Some have asked how much BTC I have. I personally ‘hold’ 17,732 BTC which I bought at USD 9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy bitcoin for itself,” Saylor wrote at the time. He still didn’t know -or if-, but just at that moment he was beginning to become a benchmark in the market.

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Saylor refloated his tweet yesterday with a message where he recalled his long-term bullish outlook and recommended not to take hasty profits. “You don’t sell your bitcoin, “the crypto millionaire tweeted. That investment of 175 million dollars today is worth more than 1.08 billion dollars.

Back then, Saylor and MicroStrategy unleashed a wave of institutional investments that staged an extraordinary rally for the cryptocurrency. Many companies adopted his strategy, and BTC was transformed into a highly-performing store of value amid a context of monetary issuance policies that led to inflation in the major powers.

Many investors in traditional markets questioned Saylor’s decision at the time, but time ended up giving the CEO the right. If you had put your $ 175 million in gold (which was trading at $ 1,800 on October 28, 2020), you would have $ 3 million less today.

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If his decision had been to acquire shares of the main firms in the world, the results would have been more encouraging than with gold, but incomparable with BTC: with Amazon he would have a profit of approximately 15 million , while with Apple almost 65 million .

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