Michael Saylor Pitches Bitcoin to Dell CEO, Citing Digital Scarcity

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jun 21, 2024 15:35

MicroStrategy’s Michael Saylor has pitched Bitcoin to Dell CEO Michael Dell, emphasizing its role as “digital scarcity.” Dell recently posted on social media about the value of scarcity, stimulating interest within the crypto community. Although Dell initially showed little interest in Bitcoin, it had previously accepted cryptocurrency in 2014, partnering with Coinbase, before abandoning the practice. This history has raised questions about a possible favorable stance on adopting crypto again. With multiple possibilities at hand, there is ongoing debate about Bitcoin’s shift from being a payment method to a store of value like gold, as critics continue to question its usefulness and its value driven by scarcity.