As every crypto bull run has concepts and wild ideas that spread like memed wildfire and turn FOMO into euphoria, so each post-crash bear phase has its own corelated events and themes, that serve to propel crypto on towards a new cycle.
Looking back over the past few years in crypto, there are key behaviors that will stick in the collective memory as having driven bullish sentiment, or initiated chaos. Some will function as warnings about how not to go about things in future, while others can serve as building blocks towards growth and improvement.
MicroStrategy and Michael Saylor
A core characteristic, and a major selling point, of Bitcoin, is that while it has cheerleaders and advocates, there is no CEO, no figurehead, no single individual who is in charge to take either flak or plaudits.
Bitcoin was created by Satoshi Nakamoto, but he may or may not exist. That is, Satoshi might be the alias of a single individual, or of a group of pioneers, but either way, whoever he really is, he appears to have stepped away from his creation once it had been set in motion.
This was a critical move, marking bitcoin out as genuine in its aims (being truly decentralized, accessible to everyone, and beyond corruption), but it also meant that there was no leadership figure to outline where things were heading in the manner of, for example, Vitalik Buterin or Charles Hoskinson at Ethereum and Cardano, respectively.
In place of such a character, various independent bitcoin experts have stepped up, delivering talks with remarkable levels of commitment, in sometimes near-empty rooms, while there was a wider lack of educational content.
This shifted recently when the Co-Founder and CEO of MicroStrategy, Michael Saylor, went all in on bitcoin. MicroStrategy now holds 129,699 bitcoins, acquired for $3.98 billion, with purchases starting from August 2020.
Its latest buys took place during May and June, indicating an unwavering belief in bitcoin despite tough market conditions. It’s this kind of unhesitant conviction, combined with the capability to persuasively articulate bitcoin’s strengths, that has seen Saylor become a highly visible champion for the bitcoin cause. This has included appearances on mainstream media outlets not primarily related to crypto, such as his interview with…
