MicroStrategy’s Virtual Conference Educated Thousands Of Attendees About Bitcoin
MicroStrategy is a well-known firm that advocates the Bitcoin’s global adoption by institutional buyers. The company’s CEO, Michael Saylor, is very passionate about the digital asset, which he spoke on extensively through a recent interview. The Chief Executive mentioned that the cryptocurrency investment helped numerous firms stay a float post-pandemic.
The businessman described gold as a dying asset because it failed to act as a hedge against the unfortunate COVID-19 induced inflation, which still continues to affect businesses globally. The advocate had given Elon Musk an advise concerning Bitcoin investment, when the latter publicly badmouthed the currency. Saylor told Musk to invest some money into the digital asset, and he assured that it would appreciate within a short while.
MicroStrategy World 2021 virtual conference pulled a crowd
The business recently organized a virtual conference, which was a huge success with over 22,000 attendees. The participants were clearly interested in the business intelligence’s view on cryptos like Bitcoin. Saylor wants to bring newer investors into Bitcoin, necessitating a reason for the virtual conference.
MicroStrategy made notable profits from its cryptocurrency investments, which started before the institutional demand for the popular asset. The company bought over a $1 billon worth of Bitcoin before the year ended at lesser than $20,000. Presently, the asset’s price stands at almost $40,000 as at press time. The firm realized millions in profit within six months and has since continued with its Bitcoin investments.
Through the CEO’s official Twitter handle, he shared the huge turnout for his virtual class, which had over 22,000 registrations. The entrepreneur spoke largely on Bitcoin from different perspectives and linking it to the firm’s strategy. Saylor revealed that 8,197 out of the 22,000 chose one of his programs called Bitcoin for corporations.
From the name, many would decipher it meaning the crypto investment for institutions. He also shared that the 8,000 attendees were from thousands of firms. The top executive also added that the session was free for all, while including a link for his Bitcoin Corporate playbook.
Saylor’s push for driving institutional investors
Saylor is interested in passing his Bitcoin investment knowledge, being the reason for organizing the open conference, where anyone could easily access globally. The entrepreneur made his playbook accessible to everyone interested without charging for cost.
Despite his high expectation for the conference, the eventually turn out was beyond his imagination. The Bitcoin advocated shared his excitement on the massive responses from the public. The MicroStrategy firm gained immense popularity when it started buying large amounts of Bitcoin in August. The business bought the asset at different points as the year moved to a close.
When the company bought over $600 million BTC, it significantly affected the company, before the asset appreciated, earning the company notable profits.
The businessman is not afraid of taking risks because he bought more assets during some points when the asset’s price was not stable. The company already bought $10 million worth of BTC twice this year. The firm shared that the investment was inline with its reserve policy, hence the purchases.
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