Dell CEO Is Increasingly Talking Bitcoin
By Vukan Ljubojevic | TH3FUS3 Senior Writer
June 30, 2024 11:17 AM
Reading time: 2 minutes, 3 seconds
TL;DR Michael Dell, CEO of Dell Technologies, has been increasingly discussing Bitcoin. A recent poll on his X account revealed high interest in Bitcoin among his followers, even over AI, love, and relationships. This follows interactions with Bitcoin advocate Michael Saylor.
Michael Dell, the CEO of Dell Technologies, is increasingly interested in Bitcoin (BTC). He launched a survey that showed respondents giving BTC more importance than AI, relationships, and love.
In his recent X post, Dell asked his followers through a poll what they felt was more important. He named four key things, including Artificial Intelligence (AI), Bitcoin, Love, and relationships. With the poll, his followers also had the option to pick none of the above.
Bitcoin received the highest number of votes on the poll. As of this writing, the digital asset had 43% of 61,489 votes. This reflects Dell's X followers and other individuals' enthusiasm about cryptocurrencies, especially Bitcoin.
Dell's Interaction with Saylor
Including Bitcoin on the list of options suggests that Dell may be becoming more interested in the digital asset. This comes only a few days after MicroStrategy founder Michael Saylor tried to tout BTC to the businessman.
A week ago, Dell tweeted about the value of scarcity, prompting Saylor's response, who emphasized Bitcoin as "Digital Scarcity." He reposted Saylor's comment and shared a meme featuring Sesame Street's Cookie Monster with Bitcoin. This further fueled discussions on social media about his more profound interest in digital currencies.
Dell's X post suggests possible alignment with the idea of Bitcoin as a valuable asset due to its limited nature. While his post had a playful tone, it did not fail to raise questions in the hearts of Crypto X members about Dell's possible newly found interest.
Historical Context
It is worth noting that several institutional investors are gradually adopting a Bitcoin strategy. Even Dell Technologies once adopted Bitcoin as a payment means in 2014. However 2017, low demand forced the company to cease the BTC payments. The digital asset industry has seen a higher Bitcoin demand, which is evident in the launch of spot Bitcoin ETFs in January. This revival in demand may cause Dell Technologies to venture into investing in BTC once again.
MicroStrategy's Role
Among the many firms with a thriving Bitcoin strategy is Saylor's MicroStrategy.
The company recently scooped an additional 11,931 Bitcoins at an average price of approximately $65,883 per Bitcoin. MicroStrategy now holds 226,331 Bitcoins acquired at an average price of $36,798 per BTC, totaling roughly $8.33 billion.
"This revival in demand may cause Dell Technologies to venture into investing in BTC once again."
Dell's frequent mentions of Bitcoin and interactions with key industry players like Saylor suggest an evolving interest that could see Dell Technologies exploring cryptocurrencies more deeply.