#SaylorBTCPurchase everything started on August 11, 2020, when the CEO of MicroStrategy announced that the Nasdaq-listed business intelligence company was making a long-term investment of $250 million in Bitcoin.

He described Bitcoin as a "reliable store of value and an attractive investment asset with more long-term appreciation potential than holding cash."

More than anything else, those four words — "reliable store of value" — are magic words on Wall Street. A store of value is an asset that will be worth the same or more over time, rather than depreciating — gold being the oldest and most reliable. And with the U.S. Treasury printing trillions of dollars to pay for COVID-related stimulus spending, the dollar is looking very inflationary.