Back in 2013, Michael Saylor, CEO of business intelligence giant MicroStrategy, posted a tweet against Bitcoin, forecasting a grim future for the asset.
Fast-forward to 2020, during which Saylor's company now holds a major bullish position in BTC.#Bitcoin days are numbered.
Recent weeks have seen MicroStrategy turn bullish on Bitcoin, buying 21,454 BTC, worth $250 million at the time of purchase.
Following the company's move into BTC, Twitter posts began surfacing, showing a 2013 tweet from Saylor in which he compared Bitcoin to the allegedly dying online gambling fad. It may be worth noting that online gambling has not died either in the time since the tweet.
Once Saylor tipped MicroStrategy's hand regarding the BTC acquisition in 2020, the crypto industry responded to the evolution of his mindset with what Saylor called, "Kind ribbing."
"I'm really ashamed to say - I didn't know I tweeted it until the day that I tweeted that I bought $250 million worth of Bitcoin," Saylor said of his 2013 anti-Bitcoin tweet.
"Then I discovered the hive mind crypto-Twitter consciousness, where, all of a sudden, they all went through all my tweets, they found it, they reminded me of it, they compared it."
Saylor remembers he loved hopping on Twitter around the 2013 time frame, saying he would often tweet out his opinions on whatever was relevant at the time.
In the years following, he decided to tweet more strategically, mostly about aspects pertaining to MicroStrategy, although the 2013 Bitcoin doom and gloom tweet remains as an example of his early years on Twitter.
Fresh news shows MicroStrategy upping its Bitcoin holdings even further, now holding 38,250 BTC. The company's stock posted a 9% rally in tandem with the recent Bitcoin purchase.
MicroStrategy's now-bullish CEO explains why he bashed Bitcoin back in 2013
Published on Sep 16, 2020
by Cointele | Published on Coinage
Mentioned in this article
CFTC charges BitMEX with illegally operating an unregistered trading platform
The U.S. Commodity Futures Trading Commission has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures.
BitMEX 'Attempted to Evade' US Regulations, CFTC Charges
Oct 1, 2020 at 15:54 UTCUpdated Oct 1, 2020 at 19:50 UTC.The U.S. Commodity Futures Trading Commission and federal prosecutors are charging crypto trading platform BitMEX with facilitating unregistered trading and other violations.
Australia's Central Bank Tells ASX to Push On With Delayed DLT Trading Platform
Oct 1, 2020 at 15:58 UTCUpdated Oct 1, 2020 at 17:45 UTC.The Reserve Bank of Australia has told the country's largest stock exchange to develop its blockchain-based trading platform without further delay.
Bitcoin News Roundup for Oct. 1, 2020
Oct 1, 2020 at 16:00 UTCUpdated Oct 1, 2020 at 16:23 UTC.With BTC looking for a breakout and more casualties in the aftermath of 2017s ICO boom, CoinDesk's Markets Daily is back for your latest crypto news roundup!