Tesla dipped while rivals sold off. DocuSign, Asana plunged overnight. Dow Futures 34, Nasdaq Futures 15, Russell Futures 2, Crude Oil Gold 1, Silver Vix CMC Crypto 1, FTSE 7, Nikkei 27, Read full article. More content below. Danny Nelson. In this article:. Recommended Stories. Motley Fool. Saylor was the creator and founder of Alarm. Saylor is a named inventor on more than 40 patents. Credited as the inventor of relational analytics, he led MicroStrategy into the fields of web analytics, distributed analytics, mobile analytics, cloud computing, mobile identity, and IoT.
The book anticipated the impact of mobile, cloud, and social networks on worldwide political and economic development, along with the rise of Apple, Amazon, Facebook, and Google. Saylor founded and serves as trustee for the Saylor Academy saylor. Michael Saylor is also an advocate for the Bitcoin Standard.
Saylor believes that Bitcoin is the most powerful and disruptive technology of our lifetime. Here are the key takeaways from our conversation with Michael Saylor. In the last 12 months we saw acceleration of digital transformation in two areas. The first areas were in lines-of-business including sales, services, and marketing with decentralized and digital only stakeholder engagements. The velocity and efficiency of how companies sell, market and service clients grew rapidly. The second area of digital transformation was the transformation of assets.
This is what Bitcoin is all about. Saylor referenced the digital transformation of photos, music, videos and books and their fast movement. Now we see transformation of gold, silver, bonds, stocks and money. This is a profound change that will impact every company and every person on earth. And the digital transformation of assets is moving faster than any other transformation.
Money supply is expanding and purchasing power is falling dramatically. The idea behind Bitcoin, applying first principles, is you recognize loss of purchasing power and then apply a different treasury strategy. MicroStrategy determined that Bitcoin was the strongest treasury asset that it could find.
On February , , Saylor held a "Bitcoin for Corporations" conference. The meeting was an attempt to convince other corporate executives of the benefit of Bitcoin for their portfolios. Executives from over 1, firms were in attendance.
Among the guests were SpaceX executives, according to news reports. Converting a depreciating asset to a trillion dollar asset that is appreciating, providing a positive cycle for your shareholders. The first mover advantage is a real advantage for cryptocurrency investors.
If you are the first city, the first country or first company to invest in Bitcoin, you can significantly benefit from this appreciating asset. Only 32 out of the 40, publicly traded companies have Bitcoin on their balance sheet. In February of , Bitcoin was a consumer play, according to Saylor, but now Bitcoin is an institutional play. Bitcoin is now digital gold. MicroStrategy was the first public company to invest in Bitcoin, followed by Square, Tesla and others. The Board of Directors of MicroStrategy is now paid in bitcoin.
Saylor forecasts that 8 billion people will have access to digital wallets. The mobile wave will provide access to one layer of payment network based on dollars or euros or yen, on compliant payment rails. The second layer is access to saving accounts with access to high quality assets -- this includes Bitcoin, ETF, and stocks.
Saylor believes losing assets, assets that provide negative growth, will be squeezed out. Strong assets and strong currencies will win.