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‘The Next Domino To Fall’—Tech Billionaire Primes Bitcoin For A Massive Price Shock
Jun 22, 2024
Now, as one bitcoin and crypto legend bets on a huge China pivot, tech billionaire Michael Dell has sparked wild speculation his computer company could follow MicroStrategy and Elon Musk’s Tesla into bitcoin.
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"Scarcity creates value," Dell, who founded the computer company that bears his name in the 1980s, posted to X. "Bitcoin is digital scarcity," MicroStrategy founder Michael Saylor replied, which Dell then reposted.
Dell, who's the world's richest 14th richest person according to Forbes data, later posted an image of Sesame Street's Cookie Monster eating bitcoins.
Saylor has emerged as one of the most bullish and fanatical bitcoin supporters, buying 214,400 bitcoin via MicroStrategy—1% of all the bitcoin that will ever exist, and spearheading a movement to adopt bitcoin as a reserve asset for other corporate treasuries.
"It seems that Dell may be the next domino to fall," Marty Bent, a bitcoin investor and managing partner at venture capital company Ten31, wrote in an emailed note.
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