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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Author: Yashu Gola
