Michael Saylor Dismisses Venture Capitalist's Claim That Bitcoin Is Dead
(13 days ago) · 1 source · Summarized by CryptoBipto — how we make this
MicroStrategy co-founder Michael Saylor publicly responded to a venture capitalist who declared bitcoin obsolete or finished. Saylor reportedly reaffirmed his commitment to bitcoin with the phrase 'the orange tie stays,' referencing his well-known habit of wearing an orange tie to symbolize his support for the cryptocurrency.
WHY IT MATTERS
In the crypto world, a 'bitcoin obituary' is when someone publicly declares that bitcoin is dead or no longer relevant. This has happened hundreds of times over the years, and it has become something of a running joke in the community. Michael Saylor is one of the most well-known bitcoin supporters in the corporate world. His company, MicroStrategy, has used company funds to buy large amounts of bitcoin, making it one of the largest corporate holders. Think of it like a CEO who bet heavily on a particular strategy and keeps doubling down despite critics. When prominent people debate bitcoin's future publicly, it reflects the ongoing disagreement about whether cryptocurrencies have lasting value or are a passing trend.
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