Michael Saylor: The Maverick Billionaire and Bitcoin Enthusiast
Michael Saylor's net worth stands at $1.2 billion. His X account is a testament to his dedication to Bitcoin. His followers are abuzz with the fervor with which this billionaire embraces BTC, speculating on how Saylor continually navigates the highs and lows of his fortune.
Born in 1965, Michael Saylor, now 58, comes from a lineage of a U.S. Air Force pilot. Due to his father's assignments, young Saylor got a taste of life on multiple military bases across various countries. However, by the age of 11, his family chose the comforting stability of Ohio, USA, as their permanent home. Saylor wasn't just an average kid; he was intellectually gifted. This brilliance earned him a coveted spot at the renowned Massachusetts Institute of Technology (MIT), where he pursued advanced degrees in aerospace engineering and aeronautics. He dreamt of continuing his family's legacy by taking to the skies as a military pilot, but a medical setback thwarted those plans.
Undeterred, Saylor pivoted to the realm of IT. With an affinity for computer modeling, he birthed software capable of predicting market movements in a range of sectors.
Michael Saylor: MicroStrategy
Michael Saylor's innovative solution spared the American chemical titan, DuPont, from potential losses during a downturn in consumer demand. With the remuneration he obtained from DuPont in 1989, Saylor channeled his resources into MicroStrategy. This enterprise not only offers services in business analytics, mobile software, and cloud solutions but has also evolved into a major player in the cryptocurrency investment landscape. By 1992, MicroStrategy secured a significant $10 million deal with the fast-food magnate, McDonald's. Subsequently, Saylor's venture experienced an impressive annual revenue growth of 100%. In 1998, the company made its mark with an Initial Public Offering.
Although MicroStrategy enjoyed its zenith much like numerous tech juggernauts, its crescendo came perilously close to the dot-com bubble's collapse. At this juncture, estimates pegged Saylor's net worth at $7 billion. However, the tumultuous market downturn severely dented both his and the company's financial position. It wasn't until 2021, fortified by astute investments in Bitcoin amidst a bullish surge, that Saylor resurrected his billionaire status. This was a period when Bitcoin showcased its exceptional ascension, but that's a tale for another time.
Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple and secure savings account to billions of people that don’t have the option or desire to run their own hedge fund,Saylor believes.
Michael Saylor’s Wife: Is There Mrs. Saylor?
This question continually circulates in tabloid circles, with social media platforms filled with speculation. Whispers persist about Michael's romantic history, yet specific information about his significant other, whether a wife or partner, remains conspicuously elusive. Despite his prominent status, there is no official record of Saylor having married or any acknowledgment of offspring. Such a lack of personal details is rather unconventional for someone of his age.
Two plausible explanations can be inferred. Firstly, despite his acclaim, Michael remains relatively unseasoned in the limelight. Sources like the Washingtonian indicate that engaging with Saylor can be a heady experience. Conversations can whirlwind through topics, from Julius Caesar to Trajan to Josephus to Mark Antony to Christopher Columbus to Shakespeare to Thomas Edison, all in a minute or two. His friends, as cited by the magazine, describe him as being “awkward in social situations; his monologues might be a defense against basic shyness and a world in which everyone seems to want something from him or his billions.”
I don't need a coach to tell me what to say. I need a coach to figure out what kind of shirt to wear and how to look at the camera and how to avoid, you know, picking your nose on camera,he says.
Michael Saylor: Bitcoin is hope
One potential reason behind Michael Saylor's solitary nature, said with a hint of irony, is his intense passion for BTC. It's almost as if Michael is metaphorically married to Bitcoin. But this relationship wasn’t always a rosy one. Saylor was initially a critic of crypto. Back in 2013, he believed that Bitcoin’s lifespan would be brief.
“Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling,” the billionaire wrote.
“Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling,” the billionaire wrote.
As time passed, Saylor's stance on Bitcoin radically shifted. In the summer of 2020, his company, MicroStrategy, invested $250 million in Bitcoin. This was no hasty decision. The senior management and analysts at MicroStrategy spent about three months rigorously understanding Bitcoin's mechanisms and its investment potential. After their inaugural investment in the cryptocurrency, Saylor declared Bitcoin purchases to be a key long-term corporate strategy, suggesting that the company might retain their Bitcoin holdings for a century if needed. Highlighting MicroStrategy's commitment, the firm acquired more than 77,000 BTC in 2020 alone.
The cryptocurrency downturn profoundly affected Saylor's strategy. The bear market was a catalyst for Saylor's decision to step down from his role as MicroStrategy's CEO in the summer of 2022, allowing him to concentrate on Bitcoin initiatives while maintaining his position as the company’s executive chairman.
Satoshi started a fire in cyberspace. While the fearful run from it and fools dance around it, the faithful feed the flame, and dream of a world bathed in the warm glow of cyberlight,he says.
Michael Saylor explains the fall and destruction of money
As global concerns mount regarding inflation and post-pandemic economic recovery, Michael Saylor has offered a series of notable insights about the future trajectory of money.
He highlights that the official annual inflation rate for the USD, pegged at 4.9%, seems to be underrepresented. More critically, he argues that faith in banks and currencies, whether they are emerging or dominant ones, has been deeply shaken.
Therefore, money is dying, it’s obviously dying in Venezuela, and it’s obviously dying in Argentina, but it’s dying everywhere in the world, even in the United States and Western Europe,Saylor comments
He doesn't stop there; Saylor believes Bitcoin stands out, not only as a more dependable option compared to fiat currencies but also as superior to traditional commodities. He sheds light on the challenges that come with trading assets like gold, oil, property, and even art, emphasizing hidden costs investors face and the overall inefficiency of such markets. Take, for example, the sale of an artwork: selling a piece valued at $10 million might mean parting with up to $2 million in auction fees.
On the other hand, Bitcoin, with its digital nature and inherent deflationary attributes, emerges as an optimal medium for global transactions. Saylor champions Bitcoin as the standout asset of our time, given its user-friendly approach and its capabilities across borders.
“The problem is people are going to lose half their wealth in a few years. The solution is Bitcoin. The rest is noise,” Saylor contends.
