MicroStrategy's Saylor Offers 'Bitcoin Crash Course' as BTC Eyes $65,000
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Prominent Bitcoiner Michael Saylor, the founder and currently executive chairman of MicroStrategy, has addressed his millions of followers on X to share a crash course on Bitcoin with them.
He also warned crypto investors about Bitcoin scams. In the meantime, Bitcoin is approaching the $65,000 level.
Yuri MolchanMichael Saylor's Bitcoin crash course
Michael Saylor published a tweet, in which he invited investors to feel free to take his BTC crash course, available via the link attached. Saylor stated that this course contains a detailed discussion of MicroStrategy's Bitcoin business model.
It also discusses “the growth opportunities for $MSTR as a leading public issuer of Bitcoin-backed securities,” according to Saylor.
The crash course consists of two sections; one is a transcript of Saylor talking about Bitcoin with MicroStrategy’s managing director and senior analyst Gautam Chhugani. The second section is a number of slides with infographics and brief theses about Bitcoin, its high performance over the past 14 years and the performance of other assets - conventional ones - on the market.
Saylor stated in it that Bitcoin has been the most profitable asset in 11 out of the 14 past years and that it greatly surpasses monetary inflation with its 49% growth since 2011, while some other assets do that as well but show a much smaller increase: Nasdaq (17.9% rise), US Growth fund (15.4% growth) and US Large Caps (SPY) with a 13.3% increase. The rise of the latter is exactly equal to the monetary inflation level.
Saylor warns investors against scams
In the preface to the crash course on the page that contains the links to the aforementioned sections, Michael Saylor warned readers that “many cryptocurrency giveaway scams are fraudulently perpetuated in the name of legitimate companies or well-known figures.” He stated that he does not sponsor or conduct any crypto giveaways.
He stated that he would never ask the community to send him cryptocurrency so that they can receive it back from him later. Saylor recommended that users educate themselves on how to identify crypto scams: “I encourage all individuals to educate themselves on cryptocurrency scams and how to identify them.”
In the past, however, scammers have frequently used fragments of Saylor’s videos where he talks about Bitcoin to lure cryptocurrency users into scams on YouTube.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team