Sunday, November 27, 2022
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Michael Saylor Seems More Confident About Bitcoin

On October 17, the former CEO of MicroStrategy, Michael Saylor, replied to a tweet that was made by American billionaire investor and hedge fund manager, Raymond Thomas Dalio (Ray Dalio), in which Saylor claimed that “Bitcoin is the only money that aligns all interests.”

Michael Saylor is famous for his tweets and replies, which are mostly in favour of the world’s largest cryptocurrency, “Bitcoin.” He reacted to one of the principles posted by Dalio about how most people only pretend to operate in your interests while actually operating on their own. Hence, employers should be wary of conflicts of interest. Saylor adds, “Bitcoin focuses on peaceful engagement, rational action, and productive industry because of its inherent neutrality.”

On Sunday, a series of tweets were posted by Mr. Dalio, which were based on his book called “Principles: Life & Work”, which he published in 2017. After almost fifty years of service as CEO of the world’s largest hedge fund firm, Bridgewater Associates, Dalio announced earlier this month that he would be stepping down from his leadership role there.

Over recent years, Dalio’s view on Bitcoin has undergone a significant shift. When asked about the world’s first cryptocurrency back in 2017, he responded by calling it a bubble. At the beginning of the year 2020, he said that Bitcoin did not qualify as either a means of storing or exchanging value. In the year 2021, he started to get more interested in cryptocurrencies and eventually purchased a small quantity of Bitcoin. Despite this, he is still of the opinion that Bitcoin might be made illegal in the event that its use becomes widespread.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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