“Bitcoin; is a swarm of cyber wasps that serve the goddess of wisdom, feed on the fire of truth, growing exponentially smarter, faster and stronger behind a cryptic wall of energy.” Who is Michael Saylor, who lost his hard-earned $6 billion overnight with the bursting of the Dot-com bubble and recently became the world’s largest Bitcoin bull, making it his hobby to manipulate cyber wasps?
Who is Michael Saylor?
He was born in 1965 in Nebraska, USA, the son of a soldier, and spent his childhood living on various U.S. Air Force bases around the world. Saylor, who had a keen interest in technology and math when he was younger, says the two lead “people to make better choices.” After graduating from high school as both first and class president, he completed aeronautics and astronautics at MIT with a full military scholarship. He also studied science, technology and society and graduated with a double degree. In the process, he saw how computer simulation technology was applied to public policy and business strategy. This situation excited him a lot and he even wrote a thesis about it. During this period, Saylor, who did not hesitate to take care of his hobbies, started playing guitar in a rock band in college and learned to fly gliders.
Step by Step in Your Career Path
Saylor, who graduated with the highest degree at MIT in ’87, worked for the state and became a Second Lieutenant in the Air Force. Afterwards, he joined the armed forces without delay. He focused on creating computer simulations to support strategic decision-making in various companies and officially began his consulting career. At the age of 24, he combined his passion for technology, his love of work and, of course, his passion for the use of computer simulations to launch MicroStrategy, which he did not yet know would go public after 9 years by growing steadily, pioneering a new approach to business intelligence. In 1998, the company went public and became a global leader in enterprise analytics and mobility software, serving thousands of organizations worldwide.
Entrepreneurial Genius
In 1999, he founded the Saylor Foundation, which has donated millions of dollars to causes such as child health, refugee aid, education, environmental protection and support for the arts. The foundation runs the Saylor Academy, which offers educational courses from psychology to art history to economics to students around the world. That same year, in 1999, MicroStrategy became one of the most valuable companies on Wall Street, and Saylor himself was Washington’s richest person. Then, with the stock market losing a lot of value, the so-called economic bubble burst and lost $ 6 billion in a single night. By 2012, he had written the book “The Mobile Wave: How Mobile Intelligence Will Change Everything” and it became a bestseller. He founded Alarm.com, a technology company that provides services such as remote control and home automation. He also founded Angel.com, one of the first cloud companies. He then sold the company in 2013 for $110 million. In the same year, “Bitcoin’s days are numbered. It seems only a matter of time before it suffers the same fate as online gambling,” he said, but in 2020, he changed his mind 180 degrees and became one of the most enthusiastic advocates of digital assets, and MicroStrategy became one of the companies with the highest Bitcoin reserves.
The Bankruptcy of Michael Saylor
The basic principles of MicroStrategy—Saylor’s point of view—remained almost the same for years until we got here. Because he knows better than anyone how short stock wealth can be. Twenty-one years ago, during the Dot-com boom, MicroStrategy lost billions of dollars, on top of which were accusations of fraud and the company nearly went bankrupt. Therefore, until last year, when a decentralized digital currency came to the agenda, it did not compromise its traditionalist structure and even opposed it. In March 2020, realizing that he shouldn’t be holding any more cash on hand, he began researching to find the most logical solution to this problem.
Rebirth
For this reason, on August 11, 2020, he converted all of the company’s cash into Bitcoin. In fact, this amount of cash will be insufficient, as it borrowed more than $ 2 billion just to increase its investment in crypto money during this period. “One day billions of people will hold digital value, when that time comes, we want to be there before billions of people,” he said in an interview. The reason why it was so connected to this system was the technology network created and its potential. At this point, for Saylor, the difference of Bitcoin from other technology networks such as Apple or Facebook is that it is a pure technology network that is not connected to anything, that is, independent of authority. In September, Michael Saylor announced that he had purchased an additional 5,050 Bitcoins on behalf of MicroStrategy. Thus, the company’s total reserve has exceeded 114,000 Bitcoin levels. He has about 18,000 Bitcoins in his wallet.
