CZ is known for encouraging people to slap themselves for selling their Bitcoin. This just means that CZ is discouraging individuals from actively day trading BTC.
When commenting on companies like Microstrategy investing in Bitcoin and saying out loud the reasons for investing in Bitcoin, in a Fireside Chat CZ registered his own reactions.
CZ stated that he feels great to meet people who are taking public companies in crypto now. He pointed to how Michael Saylor is one of the early adopters from the public company perspective.
For clarity, a public company is a company that has sold all or a portion of itself to the public via an initial public offering. The main advantage public companies have is their ability to tap the financial markets by selling stock (equity) or bonds (debt) to raise capital (i.e., cash) for expansion and other projects.
CZ acknowledged that Michael Saylor is one of the early adopters from the public company perspective. CZ stated that previously he was talking mostly about investing in BTC on an individual basis because it was much easier to invest individually.
Taking action where a public company are allocating a percentage of their treasury publically in Bitcoin is really refreshing. CZ stated that he did not expect public companies to step in to Bitcoin Investing so soon.
He also stated that seeing pioneers like Michael Saylor getting in to BTC investing that this is going to start a whole new trend. CZ does not seem to have expected for this to happen as soon as it has now. All the reasons for investing in Bitcoin were there before. However, it is in 2021 that things kicked in to high gear and super charging it.
Having all the crypto OGs talking about crypto on Twitter and in smaller groups has its own kind of impact.
CZ stated that all the OGs were usually trying to convince each other and those who have been already convinced about BTC. He points to how pioneers talking publically about Bitcoin investments is a new way of coming in and that it is really, really refreshing.
Articulate people like Michael Saylor tweeting about what is really, really well and being vocal about it is really, really refreshing. He also stated that he is just happy to see more people like Michael join this industry.
Anyone who is listening to Michael Saylor’s conversation for an hour will surely be convinced to buy more of BTC.
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