Michael Saylor Once Mirrored Warren Buffett And 'Dr Doom' While Predicting Bitcoin's 'Days Are Numbered' — It Was A 'Big Mistake'

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Michael Saylor, co-founder of Strategy Inc. (NASDAQ:MSTR), stands arsenic 1 of Wall Street’s astir salient Bitcoin (CRYPTO: BTC) backers today, yet immoderate 12 years ago, you whitethorn person easy confused him for a “Bitcoin doomer.”

On Dec. 19, 2013, Saylor posted thing you’d expect from immoderate hardcore Bitcoin skeptic

“Bitcoin days are numbered. It seems similar conscionable a substance of clip earlier it suffers the aforesaid destiny arsenic online gambling,” helium wrote connected Twitter, present X.

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Comparisons to gambling person often been made by known Bitcoin pessimists, including seasoned Wall Street investor Warren Buffett. In April 2023, the “Oracle of Omaha” labeled Bitcoin as a “gambling token” with nary intrinsic worth.

Renowned economist Nouriel Roubini, also known arsenic “Dr. Doom,” equated investing successful Bitcoin and different cryptocurrencies to gambling astatine an “unregulated casino” successful a 2019 op-ed.

Clearly, determination wasn’t overmuch separating Saylor from these skeptics if 1 goes by that post.

However, things person changed dramatically since then. Less than 7 years from the post, Saylor’s company adopted Bitcoin arsenic its superior reserve asset, becoming the archetypal publically listed institution to prosecute this strategy.

Today, it is the world's largest firm proprietor of Bitcoin, with a stash worthy much than $59 billion, according to bitcointreasuries.net.

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Moreover, hardly a time goes by that Saylor doesn’t beforehand the plus successful his nationalist addresses oregon connected societal media.

In fact, the level of committedness is specified that helium erstwhile joked, “Sell a kidney if you indispensable but support the Bitcoin.”