McDonald's Employee to Billionaire: Michael Saylor's Secret to Bitcoin Success
Michael Saylor, a legendary figure who started as a McDonald's employee, has now held more than 226,330 bitcoins worth up to $14.2 billion in 19 years with his outstanding vision and strategy. After studying his 100-hour interview in depth, I uncovered the secret of his success.
As one of the most influential figures in the web3 field, Michael's personal wealth has exceeded $3 billion. He is not only the CEO of MicroStrategy, but also a staunch holder of Bitcoin. So, what makes him so successful?
He has a deep insight into the regulatory political war between cryptocurrencies and the US dollar. As a competitor to the US dollar, cryptocurrencies have attracted much attention due to their unique speculative value. This is also the main reason why the US Securities and Exchange Commission is actively involved in the regulation and control of cryptocurrencies.
So, what exactly is Bitcoin? Why is it so valuable? Bitcoin is a currency that combines cryptography, network technology, mathematical principles, and economic wisdom. More importantly, it is a well-designed currency network with a unique mechanism to combat token depreciation.
Bitcoin is unique because it perfectly blends economics, ethics, and engineering. The interaction of these three key elements makes Bitcoin stand out from the crowd.
When we compare Bitcoin and Ethereum, it is not difficult to find that Bitcoin is much more valuable than Ethereum due to its limited supply of only 21 million coins and its difficult-to-change policies. Bitcoin adheres to conservative economic principles and its "laws" are almost unchangeable.
Michael has unique insights into the development of Bitcoin. He believes that developers who try to change the Bitcoin protocol should not be fully funded.
Finally, when it comes to the issue of fiat currency, Michael points out that its main drawback is the continuous increase in issuance, which leads to the depreciation of funds. Cryptocurrencies such as Bitcoin provide another possibility and challenge the existing monetary system.
If you want to dig deeper into the currency circle, you can see my pinned post. I hope our encounter will be friendly.
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