Bulldozer00's Blog

As I waited for my midday dose of gabapentin, a dab of Australian Dream topical cream, and a pot brownie to coalesce and hose down the latest spontaneous fiery combustion in my feet, something kept popping into my head over and over: the incredulous move into Bitcoin that Microstrategy Inc. CEO Michael Saylor recently made. I decided to conjure up this post to further take my mind off of my feet. It sucks to involuntarily spend a lot of time thinking of my feet. 🙂

Most people in the Bitcoin community were pleasantly blindsided when Mr. Saylor announced the company’s investment of $425M of its cash reserves in Bitcoin. Quite the ballsy move, no?

Mr. Saylor hasn’t always been a long time Bitcoin bull. In fact, he said in 2013 that Bitcoin’s days were numbered. However, when he kept seeing treasury yields sinking with no end in sight and inflation hiding right around the corner, he realized he was sitting on a pile of cash that was losing its purchasing power.

Prior to the Microstrategy announcement, the Bitcoin community thinking was that the next tier of incoming Bitcoin investors would be comprised of big money investment institutions like Vanguard, Fidelity, Pension funds, hedge funds, etc. No one thought that cash rich companies would start using Bitcoin as a better store of value and hedge against inflation than the old warhorse, gold.

Since Microstrategy is directly invested in Bitcoin, all of the company’s shareholders are indirectly invested. They now have a stake in the little engine that could. Here’s a snippet describing the stake of one of those shareholders….

And here is a tidy little table showing the BTC exposure of two other major Microstrategy shareholders…

Even if you’re currently not a true believer in Bitcoin’s future role as a groundbreaking, new, global monetary asset, you would do well to contemplate investing something like 1% of your savings in Bitcoin. After 11 straight years of bulletproof, 24 X 7, operation (no banker’s hours in Bitcoinlandia!), Bitcoin (unlike all the johhny-come-lately shitcoins) has earned some real “street cred” in the minds of some of the world’s best investment advisers. The possibility of a 20X return before the next halving (approx. 4 years) takes place blows away every other investment opportunity on the planet.

I already own some Bitcoin outright, but I decided to show my appreciation for Mr. Saylor’s ballsy move by purchasing some stock in his company. I’ve got the receipts to prove it but I’ll never tell how many shares I bought. 🙂