MicroStrategy’s now-bullish CEO explains why he bashed Bitcoin back in 2013

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. Fast-forward to 2020, during which Saylor’s company now holds a major bullish position in BTC.

#Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.

— Michael Saylor (@michael_saylor) December 19, 2013

“I literally forgot I ever said that,” Saylor told Morgan Creek Digital co-founder Anthony Pompliano during a podcast interview posted on Sept. 16. 

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Recent weeks have seen MicroStrategy turn bullish on Bitcoin, buying 21,454 BTC, worth $250 million at the time of purchase. Subsequent developments saw the company evaluating even more capital allocation to the asset. 

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. It may be worth noting that online gambling has not died

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