Bitcoin

Elon MemeLord

Elon Musk

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
MicroStrategy co-founder Michael Saylor has already&nbsp;<a href="https://x.com/saylor/status/1803935782337442088" rel="noopener noreferrer nofollow">pitched</a> Bitcoin to Michale Dell, claiming that it represents "digital scarcity."
This comes after the chief executive officer of US computer giant Dell recently stirred excitement among Bitcoiners with his Thursday social media&nbsp;<a href="https://x.com/MichaelDell/status/1803738385590231505" rel="noopener noreferrer nofollow">post</a>. "Scarcity creates value," Dell wrote on X, seemingly alluding to Bitcoin's fixed supply limit.&nbsp;
The cryptic social media post ignited speculation within the cryptocurrency community about what prompted the 59-year-old billionaire to post this statement on his social media account.&nbsp;
As&nbsp;<a href="https://u.today/dell-ceo-michael-dell-snubs-bitcoin" rel="noopener noreferrer nofollow">reported by U.Today</a>, Dell previously claimed that he was not interested in Bitcoin despite thinking that blockchain, the underlying technology behind the largest cryptocurrency, was "underrated."&nbsp;
It remains to be seen whether the likes of Saylor can make Dell adopt a more friendly stance toward Bitcoin. In 2020, Saylor's casual social media exchange with Tesla Elon Musk convinced Tesla CEO Elon Musk to buy the largest cryptocurrency.&nbsp;
Notably, Dell started accepting Bitcoin in 2014, becoming the largest merchant to embrace the cryptocurrency. However, the computer giant ditched Bitcoin due to low demand in 2017.&nbsp;&nbsp;
After failing as a means of payment, Bitcoin has reinvented itself as a store of value that primarily competes with gold. However, not everyone is buying into this narrative.&nbsp;
"Scarcity alone doesn't create value. We also must remember that all value is also subjective," a social media user wrote in response to Dell's post. This is a popular talking point among gold bugs like&nbsp;<a href="https://u.today/peter-schiff-takes-jab-at-bitcoins-lack-of-utility" rel="noopener noreferrer nofollow">Peter Schiff</a> who believe that scarcity without utility is meaningless.&nbsp;

Michael Saylor Pitches Bitcoin to Dell CEO

U_Today

Muita 21. kesäk. 2024 julkaistuja artikkeleja

Repeated Phishing Attack on Wallet Transfers $600K USDC to Bybit

Best Bitcoin Casinos: Top Sites for Secure Crypto Betting

Oleksandr Usyk-backed Ready to Fight teams up with TON Foundation to offer crypto debit cards

Bitcoin Surpasses Major Banks

Ledger Unmasks A New Scam Trick Targeting Crypto And NFT Investors

Bitcoin (BTC) To Surge When Weak Miners Die And Hash Rate Recovers

Join our free newsletter for daily crypto updates!