According to ChainCatcher, Dell Technologies founder and CEO Michael Dell posted on social media that "scarcity creates value", a statement often used to describe the limited supply of Bitcoin, which attracted the attention of Bitcoin supporter Michael Saylor. Dell then forwarded Saylor's reply, further triggering market expectations that he might invest in Bitcoin through individuals or companies. Prior to this, Dell had cashed out $2.1 billion in Dell Technologies Class C common stock, and the company's stock has increased nearly fivefold since returning to the public market at the end of 2018. Dell is currently worth about $120 billion, ranking 14th on the global rich list, which gives him enough capital to enter the Bitcoin market, especially in the context of rising US debt that may have a negative impact on the value of the dollar.