How To Add Bitcoin To The Balance Sheet For Corporations, With Saylor & Dorsey
January 21 2022 - 1:44PM
NEWSBTC
Is your company ready to buy the Bitcoin dip? Saylor and Dorsey
will give you the 411 for free.99. The MicroStrategy World annual
conference goes live on February 1st. Learn directly from these two
titans of the industry, who have definitely been among Bitcoin’s
main proponents and promoters over the last few years.
Michael Saylor has led by example, buying every dip, and is a
constant presence in mainstream media. His interviews are more like
classes and the attention they get is outstanding. Jack Dorsey, for
his part, left Twitter to focus on Bitcoin. Since then, his Block
company announced several projects that’ll definitely strengthen
the Bitcoin network. About the MicroStrategy World conference, the
press release promises it’ll be “focused on Enterprise Analytics
and Bitcoin for Corporations. World 2022 is 100% virtual, and—for
the first time ever—access to all sections of the conference is
free of charge.” That’s an unbeatable price. What Will Saylor And
Dorsey Talk About? The conference has two sides, two different
events that showcase MicroStrategy’s duality: “The Enterprise
Analytics event will introduce bold new ways to think about
analytics and business intelligence, and showcase organizations
who’ve used data as a strategic differentiator. The Bitcoin for
Corporations event will explore the various benefits of
incorporating Bitcoin into corporate initiatives.” Join me and
Keynote Presenter @jack at the 2nd Annual Bitcoin for Corporations
Feb 1 & 2. This free, virtual conference is a must for any
corporation considering integrating #Bitcoin with their products
& services, or adding #BTC to their balance
sheet.https://t.co/V9fIkv633q — Michael Saylor⚡️ (@saylor) January
20, 2022 As you might expect, NewsBTC will focus on the second
event. It’s important to say that both Dorsey and Saylor’s
companies have Bitcoin on their balance sheet. These two put their
money where their mouth is, and then some. In any case, what does
MicroStrategy World promise? “An in-depth discussion on Bitcoin
between two visionary voices: Jack Dorsey, CEO of Block, Inc., and
Michael Saylor, CEO of MicroStrategy Inc. This session will be
followed by a discussion on Bitcoin Treasury with Phong Le
(President and CFO, MicroStrategy). Bitcoin for Corporations will
also feature live interviews with industry experts from Coinbase,
Deloitte, Fidelity Digital Assets, Genesis, Jefferies, NYDIG,
Paxos, and Silvergate Bank.” It’s noteworthy that Fidelity Digital
Assets recently shocked the world by predicting more countries and
probably a Central Bank or two would add Bitcoin to their balance
sheet in the next few years. Christine Sandler, Fidelity’s Head of
Sales & Marketing, will represent the company at the
conference. Saylor ’s Recent Bitcoin History Since
MicroStrategy first added Bitcoin to its balance sheet in August
2020, the company has increased the bet every few months. They
issued common stock. They sold stocks. They bought, and bought, and
bought, and bought. In a recent interview, Saylor explained the
strategy and NewsBTC reported: “Look, our long term strategy is
kind of like Harvard University. We’re running a university but we
have an endowment. MicroStrategy is selling enterprise software. We
generate $100 million in cash flow a year – in a good year – and we
are reinvesting that cash in our endowment. Our endowment is 100%
bitcoin.” Saylor adds that MicroStrategy plans to acquire and hold
bitcoin as a balance sheet. As for the operations, the company will
continue to sell its enterprise software everywhere in the world.”
Related to this, about MicroStrategy’s free conference, Saylor
said: “We have gained a wealth of experience and expertise
innovating our treasury strategy and evolving our corporate bitcoin
acquisition strategy. And we’re pleased to be in a position to
share our knowledge—via this curated event—for corporations looking
to pursue similar strategies and bold initiatives.” Dorsey’s Recent
Bitcoin History For his part, Dorsey’s strategy is much different
than Saylor’s. He’s working in infrastructure. Dorsey’s fortifying
the network’s weak parts. Among other things, Block announced
they’re building a decentralized Bitcoin exchange called tbDEX.
Released the Lightning Development Kit. And announced they’re
working in an open-source ASIC miner. On a personal level,
Dorsey and rapper Jay-Z put 500 BTC in a blind trust to promote
Bitcoin development in Africa and India. And created the Bitcoin
Defense Legal Fund to protect developers from all kinds of
lawsuits. BTC price chart for 01/21/2022 on Gemini | Source:
BTC/USD on TradingView.com The Price Of Bitcoin Despite Saylor’s
and Dorsey’s efforts, Bitcoin is bleeding. On one hand,
Proof-Of-Stake proponents straight up lied before U.S. Congress in
a hearing about Proof-Of-Work’s environmental risks. On the other,
there’s a rumor that Russia is considering banning Bitcoin in some
capacity. Both of those situations caused panic in the market, and
Bitcoin’s price is currently 40% lower than the ATH of $69K.
Will Michael Saylor buy the dip? Featured Image: screenshot
from the conference's website | Charts by TradingView
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