MicroStrategy CEO offers to share with billionaire Elon Musk his Bitcoin repository
On Sunday, Michael Saylor took Bitcoin's advice to "one rocket scientist to another." SpaceX manager.
CEO, Michael Saylor, who earlier this year spent $425 million on Bitcoin, gives him advice on how to start investing in cryptography.
Saylor is proposing to turn the balance sheet of Tesla into Bitcoins, which are currently priced at more than $658 billion for market capitalization, according to a tweet released today by AssetDash. The CEO of MicroStrategy has indicated that Musk is leading the way in Bitcoin adoption, which could lead 'S&P 500' to other companies.
He then bought $1.3 billion in Bitcoin this year, Saylor offered to "share [his] playbook" with Tesla CEO, "from one rocket scientist to another." The CEO of MicroStrategy holds two MIT degrees in aeronautics, astronautics, research, technology and society.
The estimated net worth of Musc, CEO of Tesla and SpaceX, is over 153 billion USD, but only 0,25 BTC were owned personally by February 2019. Saylor, on the opposite, has led business intelligence company MicroStrategy this year to invest in one of the biggest bitcoins from a leading financial organization with a net valuation that is 300 times smaller – around $500 million, according to estimates. This year, with the latest rally of the crypto-asset, the CEO more than twice the size of the original BTC $425 million purchases.
Additional crypto players answered Musk's request for a possible purchase of such a large crypto.
The CEO of Hong Kong's cryptocurrency derivatives exchange FTX, Sam Bankman-Fried, told the billionaire that he would be able to introduce this strategy 'in the course of one week.' Gemini co-founder Tyler Winklevoss also jumped into this debate, telling Musk that 'the liquidity was high.'
However, Peter Schiff's known gold bug was dismissed, citing Bitcoin as a pyramidal scheme and urging Musk to "[no] leave the shareholders of Teslas holding the same pouch as shareholders of MicroStrategy."
Since announcing MicroStrategy's first $250 million buy from Bitcoin as a reserve asset, Saylor is spoken out in favor of Bitcoin in August. He said technology companies like Apple could benefit $100 billion in market capitalisation through Bitcoin's incorporation into the Apple Pay, a stable crypto wallet on the iPhone and the acquisition of crypto assets with the tech giant's Treasury Reserves.
Saylor said on Friday: "Big Tech will have to integrate Bitcoin into its products to remain competitive." "To remain solvent, every company has to convert its treasury into BTC."