Today we witnessed an amazing exchange on Twitter between tech genius Elon Musk and Bitcoin bull Michael Saylor.
Saylor has gone all-in on Bitcoin, putting his own cash and his corporation's cash into the Bitcoin monetary network. He has stated in several interviews he believes the institutions are waking up and will come running to Bitcoin sooner than later. We can see he is using his influence to usher in the Bitcoin future.
It's an amazing strategy. Every powerful person Saylor onboards increases the value of the network and his own stored value. Tesla is poised to join the S&P 500. If Tesla also embraces Bitcoin, it is a bigger, falling domino. It adds momentum to the movement and encourages other institutions to follow suit.
We can also see that Elon, despite his brilliance, may not understand the nuances of Bitcoin and cryptocurrency. Let's forgive him for that, he's been busy with some other very important objectives. But, it shows that our elites are just lacking knowledge of how this stuff works.
This is how it played out:
Direct link:
https://twitter.com/michael_saylor/status/1340679387998527489?s=20
- michael_saylor
What happens next? Maybe nothing. At a minimum this Twitter exchange generates a ton of attention for cryptocurrency.