Michael Dell Is Seriously Considering Bitcoin, Here’s New Evidence
Dell Technologies CEO Michael Dell is talking about Bitcoin (BTC) more often than ever.
Is Dell Heading towards Bitcoin?
In the last X post, Dell was seen asking his followers what they think is more important through a poll. He named 4 important things including Artificial Intelligence (AI), Bitcoin, Love and relationships. With the survey, his followers also got the survey to choose none of the above.
Interestingly, Bitcoin received the highest number of votes in the poll. As of the time of writing, the digital asset had 43% of the 61,489 total votes. This reflects how enthusiastic Dell’s X followers and other individuals are about cryptocurrencies, especially Bitcoin.
The inclusion of Bitcoin on the list of options suggests that Dell may actually become more interested in the digital asset. This comes just days after MicroStrategy founder Michael Saylor attempted to expose BTC to the businessman.
A week ago, Dell tweeted about the value of scarcity, prompting a response from Saylor that called Bitcoin “Digital Scarcity.” He then reposted Saylor’s comment and shared a meme of Sesame Street’s Cookie Monster with Bitcoin.
This has further fueled discussions on social media about his possible deeper interest in digital currencies. Dell’s X post suggests that it is likely compatible with the idea that Bitcoin is a valuable asset due to its limited nature. Despite the playful tone of his post, it did not fail to raise questions in the hearts of Crypto X members about Dell’s possible newfound interest.
Institutional Investors Embrace Bitcoin Strategy
It is worth noting that many institutional investors are gradually adopting the Bitcoin strategy. Even Dell Technologies adopted Bitcoin as a means of payment in 2014.
However, low demand in 2017 forced the company to stop BTC payments. The digital asset sector has seen a higher demand for Bitcoin, as evidenced by the launch of spot Bitcoin ETFs launched in January. This resurgence in demand could lead Dell Technologies to once again attempt to invest in BTC.
Saylor’s MicroStrategy is among the many companies with a successful Bitcoin strategy. The company recently raised another 11,931 Bitcoins at an average price of approximately $65,883 per Bitcoin. MicroStrategy currently holds a total of 226,331 Bitcoins at an average price of $36,798 per BTC, making that total approximately $8.33 billion.
Read More: Spot Bitcoin ETFs Change Trading Patterns, See Notable Drop in Volatility
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology and innovations to ensure mainstream acceptance and integration of the emerging technology worldwide. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and sites. Benjamin Godfrey is a sports and agriculture enthusiast. Follow him excitementLinkedIn
The content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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