【Michael Saylor: MicroStrategy is a response to the credit default swaps of over $100 trillion in assets of the 20th century】Golden Finance reports that Michael Saylor, the founder of MicroStrategy, stated on platform X that MicroStrategy is a response to the credit default swaps of over $100 trillion in assets of the 20th century. (Note: Credit default swap, or CDS, is one of the main credit risk mitigation tools traded over-the-counter, a type of financial derivative, and one of the credit derivative instruments. It can be seen as a form of default insurance for financial assets.)