MicroStrategy’s now-bullish CEO explains why he bashed Bitcoin back in 2013
Back in 2013, Michael Saylor, CEO of business intelligence giant MicroStrategy, posted a tweet against Bitcoin (BTC), forecasting a grim future for the asset. 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. "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.