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What was MicroStrategy's initial Bitcoin investment in August 2020?
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They initially bought $250 million worth of Bitcoin.
Why is Bitcoin described as decentralized and fair?
Because it has no single influential entity controlling it.
What is the significance of the rate of expansion of the currency supply according to Michael Saylor?
It is crucial to becoming wealthy or staying wealthy.
What financial advice did Saylor give to handle concerns over inflation?
Investing in Bitcoin as a hedge against inflation and currency devaluation.
What was the change in MicroStrategy's market cap and stock price after investing in Bitcoin?
Market cap increased from $1 billion to $30 billion, and the stock price went up 10x.
Why does Saylor prefer Bitcoin over other digital assets like Ethereum?
For ethical and technical reasons, viewing Bitcoin as more sustainable and trustworthy.
What vision does Saylor have for the future of Bitcoin?
He expects it to be a long-term store of value, comparable to gold.
How did MicroStrategy deal with Bitcoin's early volatility?
They embraced both stock buybacks and convertible debt to stabilize and further invest.
How much did MicroStrategy's total investment in Bitcoin grow over four years?
It grew to $7.5 billion.
What triggered MicroStrategy's strategic shift during the pandemic crisis?
Concerns over inflation and the devaluation of its $500 million cash reserves, which were earning 0% interest.
What is Saylor’s best counterargument to criticism against Bitcoin?
He has not found a better monetary network yet.
Why does Saylor describe Bitcoin as more stable than Ethereum?
Due to Bitcoin's conservative economic policies.
What is 'Proof of Work' and why is it significant for Bitcoin?
It is a consensus mechanism that uses electricity and specialized hardware, ensuring network reliability and trust.
How did MicroStrategy align shareholder interest with its Bitcoin strategy?
By combining a $250 million stock buyback with their initial Bitcoin purchase.
What educational background does Michael Saylor have?
He studied Aeronautical Engineering at MIT.
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