MicroStrategy co-founder Michael Saylor has already inclined Bitcoin to Michale Dell, claiming it represents “digital scarcity.”
MicroStrategy co-founder Michael Saylor has already inclined Bitcoin to Michale Dell, claiming it represents “digital scarcity.”
This comes after the CEO of American computer giant Dell recently sparked excitement among Bitcoiners with his Thursday speech on social media. mail. “Scarcity creates value,” Dell wrote on X, apparently alluding to Bitcoin’s fixed supply limit.
The cryptic social media post sparked speculation within the cryptocurrency community as to what prompted the 59-year-old billionaire to post this statement on his social media account.
Alex DovbnyaAs reported by U.TodayDell previously stated that it was not interested in Bitcoin despite thinking that blockchain, the underlying technology behind the largest cryptocurrency, was “underrated.”
It remains to be seen if companies like Saylor can get Dell to adopt a friendlier stance toward Bitcoin. In 2020, Saylor’s informal social media exchange with Tesla Elon Musk convinced Tesla CEO Elon Musk to buy the largest cryptocurrency.
Notably, Dell began accepting Bitcoin in 2014, becoming the largest merchant to adopt the cryptocurrency. However, the computing giant abandoned Bitcoin due to low demand in 2017.
Alex DovbnyaAfter failing as a means of payment, Bitcoin has reinvented itself as a store of value that primarily competes with gold. However, not everyone agrees with this narrative.
“Scarcity alone does not create value. We must also remember that all value is also subjective,” wrote one social media user in response to Dell’s post. This is a popular talking point among gold fans as Peter Schiff who believe that scarcity without utility is meaningless.
