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Michael Dell’s Bitcoin post sparks massive BTC purchase speculations

Dell's message on X follows his $2.1 billion cash out from his Dell Technologies Class C common stock holdings.

Michael Dell, founder and CEO of Dell Technologies, has generated excitement with a curious message suggesting that his company might explore Bitcoin (BTC) as a possible investment.

On June 21, Dell tweeted, "Scarcity creates value," a phrase often associated with Bitcoin due to its supply cap of 21 million tokens against rising demand. His tweet quickly drew the attention of Michael Saylor, a prominent advocate for Bitcoin as a corporate treasury asset.

Dell's subsequent repost of Saylor’s reply, coupled with an image of Cookie Monster eating Bitcoin, left the market abuzz with anticipation that he may invest in the cryptocurrency in the future, either from his personal investment portfolio or via his company. 

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Analyst Says Lower Prices for Bitcoin Could Serve As Catalyst for Rally to New Highs – Here’s What He Means

Digital Scarcity — Billionaire Michael Dell and Michael Saylor Exchange Dialogue on Bitcoin

Digital Scarcity — Billionaire Michael Dell and Michael Saylor Exchange Dialogue on BitcoinOn June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […]

Analyst Says Lower Prices for Bitcoin Could Serve As Catalyst for Rally to New Highs – Here’s What He Means