Michael Saylor, founder of MicroStrategy, explained why he started investing in Bitcoin in 2020. Previously, he referred to cryptocurrencies as a scam, but the crisis caused by the COVID-19 pandemic changed his views. Amid aggressive Fed policies and hyperinflation of traditional assets, he faced a choice: capital devaluation or seeking alternatives. In the end, he chose Bitcoin, considering it a digital equivalent of gold with unique characteristics. Saylor noted that quarantine restrictions and Fed measures led to an economic divide and an increase in the wealth of large investors. In August 2020, MicroStrategy acquired 21,454 BTC for $250 million, and now owns 454,231 BTC worth over $48 billion — the largest public holder of cryptocurrency. For Saylor, Bitcoin became a safeguard against monetary chaos and a way to preserve value in unstable times.

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