MicroStrategy's Saylor Offers 'Bitcoin Crash Course' as BTC Eyes $65,000

investing.com 14/10/2024 - 13:42 PM

U.Today

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.

Michael Saylor's Bitcoin Crash Course

Michael Saylor published a tweet, inviting investors 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, surpassing monetary inflation with its 49% growth since 2011. Other assets show much smaller increases: Nasdaq (17.9% rise), US Growth fund (15.4% growth), and US Large Caps (SPY) with a 13.3% increase, which matches 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 emphasized that he would never ask the community to send him cryptocurrency to receive it back later. Saylor encouraged users to educate themselves on identifying 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 discussing Bitcoin to lure cryptocurrency users into scams on YouTube.

This article was originally published on U.Today




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