October 16, 2024
By Our Correspondent
Prominent Bitcoiner Michael Saylor, the founder and current executive chairman of MicroStrategy, has engaged with his extensive following on X to provide an introductory course on Bitcoin. He also cautioned cryptocurrency investors regarding potential Bitcoin scams.
Meanwhile, Bitcoin is nearing the $65,000 mark. In a recent tweet, Michael Saylor encouraged investors to explore his Bitcoin crash course, accessible through the provided link.
He noted that the course offers an in-depth examination of MicroStrategy’s Bitcoin business model. Additionally, it highlights “the growth opportunities for $MSTR as a leading public issuer of Bitcoin-backed securities,” as stated by Saylor. The course is divided into two parts: the first features a transcript of a discussion between Saylor and MicroStrategy’s managing director and senior analyst, Gautam Chhugani, regarding Bitcoin.
The second part includes a series of slides containing infographics and concise points about Bitcoin, showcasing its impressive performance over the past 14 years compared to traditional assets in the market.
Saylor emphasized that Bitcoin has been the most lucrative asset in 11 of the last 14 years, significantly outpacing monetary inflation with a 49% increase since 2011. In contrast, other assets have shown more modest gains: the Nasdaq increased by 17.9%, the US Growth fund by 15.4%, and US Large Caps (SPY) by 13.3%, with the latter’s rise precisely matching the rate of monetary inflation.
In the introduction to the crash course, which includes links to the aforementioned sections, Michael Saylor cautioned readers that “numerous cryptocurrency giveaway scams are fraudulently conducted in the names of legitimate companies or well-known individuals.” He clarified that he does not endorse or participate in any crypto giveaways.
He expressed that he would never request the community to send him cryptocurrency with the promise of returning it later. Saylor advised users to familiarize themselves with the methods of recognizing cryptocurrency scams: “I urge everyone to learn about cryptocurrency scams and how to detect them.” Nevertheless, scammers have often exploited excerpts from Saylor’s videos discussing Bitcoin to deceive cryptocurrency users on YouTube.