When Bitcoin Is No Longer for Ordinary People but for Conglomerates
Bitcoin initially emerged as an answer for those who felt trapped in the traditional financial system. Not because of sophisticated investment strategies or pressure from Wall Street, but due to someone's desperation about their money being eroded by inflation.
The founder of MicroStrategy, Michael Saylor, became one of the most recognized figures in this narrative, someone who once only tried to save the value of his savings, not to strategize the acquisition of hundreds of millions of dollars in BTC.
In a video from the Simply Bitcoin channel, the host explains that the true value of Bitcoin is not determined by market price or who buys in large quantities. Instead, according to him, Bitcoin's greatest strength emerges when someone decides, I no longer believe in this system.
Saylor's Bitter Decision: Not Strategy, But Panic
Michael Saylor did not buy Bitcoin after lengthy consultations or corporate presentations. He decided to jump off a burning platform.
As inflation swept away the cash value he had, Bitcoin became the only solid ground that seemed reasonable. I have a problem, and Bitcoin is the only solution,” this is roughly the internal narrative of the decision he made.
On the other hand, this action does sound radical. In fact, in the video, Saylor's move is depicted as a form of financial blasphemy in the corporate world. But precisely because of his courage, many other individuals felt less alone and began to think similarly.
When Companies Also Mimic But Not for the Same Reasons
However, time passed and MicroStrategy no longer merely positioned Bitcoin as a hedge. They now issue corporate bonds worth hundreds of millions of dollars just to buy more $BTC .
This is certainly not an action that can be emulated by the general public who are merely struggling to buy eggs and pay rent. There is a vast chasm between Saylor's personal decisions in the past and the corporate strategy he is pursuing now.