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 Bitcoinโs main proponents and promoters over the last few years.ย
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 thatโll definitely strengthen the Bitcoin network.
About the MicroStrategy World conference, the press release promises itโll be โfocused on Enterprise Analytics and Bitcoin for Corporations. World 2022 is 100% virtual, andโfor the first time everโaccess to all sections of the conference is free of charge.โ Thatโs an unbeatable price.
What Will Saylor And Dorsey Talk About?
The conference has two sides, two different events that showcase MicroStrategyโs duality:
โThe Enterprise Analytics event will introduce bold new ways to think about analytics and business intelligence, and showcase organizations whoโve used data as a strategic differentiator. The Bitcoin for Corporations event will explore the various benefits of incorporating Bitcoin into corporate initiatives.โ
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
โ Michael Saylorโก๏ธ (@saylor) January 20, 2022
As you might expect, NewsBTC will focus on the second event. Itโs important to say that both Dorsey and Saylorโs 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?
โAn 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.โ
Itโs 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, Fidelityโs Head of Sales & Marketing, will represent the company at the conference.ย
Saylor โs 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:
โLook, our long term strategy is kind of like Harvard University. Weโre running a university but we have an endowment. MicroStrategy is selling enterprise software. We generate $100 million in cash flow a year โ in a good year โ and we are reinvesting that cash in our endowment. Our endowment is 100% bitcoin.โ
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.โ
Related to this, about MicroStrategyโs free conference, Saylor said:
โWe have gained a wealth of experience and expertise innovating our treasury strategy and evolving our corporate bitcoin acquisition strategy. And weโre pleased to be in a position to share our knowledgeโvia this curated eventโfor corporations looking to pursue similar strategies and bold initiatives.โ
Dorseyโs Recent Bitcoin History
For his part, Dorseyโs strategy is much different than Saylorโs. Heโs working in infrastructure. Dorseyโs fortifying the networkโs weak parts. Among other things, Block announced theyโre building a decentralized Bitcoin exchange called tbDEX. Released the Lightning Development Kit. And announced theyโre working in an open-source ASIC miner.ย
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 Saylorโs and Dorseyโs efforts, Bitcoin is bleeding. On one hand, Proof-Of-Stake proponents straight up lied before U.S. Congress in a hearing about Proof-Of-Workโs environmental risks. On the other, thereโs a rumor that Russia is considering banning Bitcoin in some capacity. Both of those situations caused panic in the market, and Bitcoinโs price is currently 40% lower than the ATH of $69K.ย
Will Michael Saylor buy the dip?ย
Featured Image: screenshot from the conference's website | Charts by TradingView
