Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.

Biography:

Michael Saylor is the executive chairman of MicroStrategy, a U.S. technology company that provides services such as data analytics, business intelligence and cloud-based solutions. Saylor founded the firm in 1989. He is also the founder of Alarm.com, a company he formed in 2000. Alarm.com operated as a MicroStrategy subsidiary until 2009, when it was sold to a group of investors that included ABS Capital Partners.

Besides his involvement in corporate endeavors, Saylor also authored a book titled The Mobile Wave: How Mobile Intelligence Will Change Everything, which was published in 2012. In this book, he highlights that the changes brought about by mobile technology are too widespread and complex for most people to fathom.

Saylor joined the Massachusetts Institute of Technology in 1983, where he studied aeronautics and astronautics. He graduated from the institution in 1987. While at MIT, he enrolled as a member of the Theta Delta Chi fraternity, where he met Sanju Bansal, a close friend who later became a MicroStrategy co-founder.

In 1988, Saylor got a job at DuPont as an internal consultant, where he was tasked with developing computer models designed to predict market movements. He formed MicroStrategy the following year and assumed the role of CEO until August 2022, when he stepped down but remained chairman of its board of directors.

Saylor’s 2022:

2022 was an eventful year for Saylor. In August, the MicroStrategy founder was sued by Washington, D.C. Attorney General Karl Racine on behalf of the city for allegedly failing to pay income taxes. Saylor was accused of falsely claiming to reside in Virginia while actually living in the Georgetown neighborhood of Washington.

His company, MicroStrategy, was also named in the lawsuit as a defendant. The executive refrained from admitting or denying the charges levied against him and was forced to pay $350,000 in civil penalties. Saylor and MicroStrategy paid a combined $11 million to settle the charges.

In August, Saylor resigned from his role as CEO following the release of MicroStrategy’s earnings report, which revealed a $917 million loss caused by a negative return on its Bitcoin investments. The company is currently the largest corporate Bitcoin investor, with approximately 130,000 BTC in holdings. 

Nevertheless, Saylor was a staunch Bitcoin crusader in 2022. In November, he opined that the FTX downfall exposed problems related to crypto exchanges and said that more investors would likely flock to Bitcoin instead of newer coins, which were fraught with risks. In his view, this would lead to greater demand for Bitcoin, which was a positive cryptocurrency for the market.

Saylor’s 2023:

Saylor’s MicroStrategy is expected to buy more Bitcoin in 2023. The company purchased just over 300 BTC in the fourth quarter of 2022 and will likely continue the trend this year.

Saylor is also bound to continue backing Bitcoin as the premier digital currency asset. The MicroStrategy chairman is also likely to support proposals that will help the company prosper in the long term.