What Is Behind MicroStrategy \"All in BTC\"

TL;DR

• Founded in 1989, MicroStrategy is a global leader in business intelligence software.

• Saylor's Bitcoin belief is not groundless. Before deciding to buy Bitcoin, he has carefully compared various investment schemes such as cash, bonds, stocks, gold, real estate and Bitcoin.

• MicroStrategy's latest purchase of Bitcoin was the smallest since it began to accumulate Bitcoin on its balance sheet, which may indicate the financial difficulties of this enterprise software company.

• Saylor also predicted that the price of Bitcoin would definitely rise to $1 million, and he thinks it may rise even higher, and the price would keep going up.

About MicroStrategy

Founded in 1989, MicroStrategy is a global leader in business intelligence software. MicroStrategy's software products provide business intelligence services for thousands of companies and millions of users. They have become an indispensable part of their business activities, operations, plans and decisions. They are widely used in global retail, telecommunications, science and technology, banking, finance, insurance, food, medicine, automobile, manufacturing and other industries. MicroStrategy has customers in Fortune 500 and many government departments and educational institutions.

MicroStrategy currently has more than 1,600 employees in 20 different countries. Headquartered near Washington, the United States, the China Technology Center in Hangzhou, China, is the only technology research and development center other than the headquarters. Presently, it has nearly 150 employees.

Up to 2008, in the authoritative OLAP Survey of BI industry for five consecutive years, MicroStrategy's actual capacity of processing data is the first in the industry; Meanwhile, MicroStrategy's customer loyalty ranked first for four consecutive times. In 2008, the company was again nominated by Fortune magazine as the candidate of the 100 best employers, continuing the honor of the American software industry. For many years, MicroStrategy and its products have been leading the industry with strong technical resources and excellent business philosophy:

• The first company to provide business intelligence software on the Internet and wireless networks;

• Has leading data analysis, intelligent computing and information mining capabilities;

• Can efficiently process 100 times more data than other software in the industry;

• Unique integrated business intelligence platform;

• MicroStrategy's business intelligence technology is ahead of academic research, and has a large number of US patents.
  
  
  

About Founder Michael Saylor

"My belief is: if you want to play a game, you'd better all in. There is no exception. I don't believe those who held back a trick or two can laugh until the end."—— Michael Saylor

Anecdote

Saylor was a Christian and baptized child. But in his opinion, life in the real world is like playing a game with God.

Michael Saylor once talked about his outlook on life in a public interview, "Look at my ring - there is a dam, right? There is also a beaver. This beaver is playing games with God in the waves. Edison is also playing games with God. These people such as Rockefeller and Carnegie are all just like me. They are just playing a game all their lives."

Like the founders of other Internet companies, Saylor also has a near legendary life experience. After a life of wandering struggle, I have a deep understanding of life as a play.

Michael Saylor was born in Nebraska on February 4, 1965. Since his father was an air force officer, he spent his time flitting between military bases in Japan, New Zealand, Nebraska and Florida from childhood. At the age of 11, the family began to settle in Ohio, in Fairbourne County near Wright Patterson Air Force Base. This base is the legendary place where the remains of UFOs and alien corpses are hidden.

Saylor is a good boy who loves reading and has a good reputation in his alma mater Fairborn High. At the graduation ceremony, he was selected as the representative of outstanding graduates to speak; He was selected as the "most likely person to succeed" in the school's voting activities. Spahr, a classmate, later recalled: "This guy reads more books than all of us. He can always bring you to the ancient Greek and Roman times to talk about things with him."

It is precisely because of the yearning for the "axis era" that Saylor has always been the top tweet full of philosophy:

"Bitcoin is a group of network wasps. They serve the goddess of wisdom. They live on the fire of truth and become more and more intelligent, agile and powerful at an exponential speed. Behind them, there is a wall of encrypted energy“

In an interview with reporters in Washington, D.C., Saylor also said:

"I never said that I wanted to change everything in the world. But if I wanted to lead the world from ignorance to knowledge, or even 'omniscience', it would be somewhat religious. But to be honest, if God came to the world, he would hate the world now."

With a strong personality, persistent and indomitable spirit and belief in “all in” philosophy, Saylor's gambling on Bitcoin is not surprising.

It has to be said that having such a genius to bet on Bitcoin is not only a blessing but also a disaster for the Bitcoin community.

As a bookish Christian, Saylor should understand that there was a debate in medieval Christianity that affected the history of modern science: did people understand their beliefs because of their beliefs? Or is there faith because you understand the content?

Bitcoin Belief

Saylor's Bitcoin belief is not groundless. Before deciding to buy Bitcoin, he has carefully compared various investment schemes such as cash, bonds, stocks, gold, real estate and Bitcoin.

"In terms of the current M2 supply of the U.S. dollar, it will increase by 5% in 2020 and 24% each year in the next 20 years. This means that the purchasing power is declining. At least in the next 3-4 years, the money we hold will depreciate by 15% each year. The macro-economy still has an inflation rate of 2% each year. With this account, the Federal Reserve is like sneaking into your backyard and robbing your wealth openly."

In the currency market, the dollar will become weaker. This means that the capital market, real estate market, bulk commodities and gold are not so good. The actual return on investment is almost zero, or even negative. " In contrast, "Bitcoin is a hundred times better than gold, or even a million times better. I will not sell Bitcoin. I want to hold Bitcoin for a hundred years."

Of course, countless people have asked him: “Isn't Bitcoin ETF what your company does? If Bitcoin falls, won't the company end?”

Saylor was very firm: "Bitcoin is not a security at all! Bitcoin is a currency!"

For him, understanding is belief, and belief is understanding. This is true of Christianity, earthly life and Bitcoin.