Michael Saylor, founder of MicroStrategy, revealed that Covid-era restrictions and US monetary policies motivated his Bitcoin investment in 2020. During a discussion with Dr. Jordan B. Peterson, Saylor emphasized the idea of a 'war on currency' due to pandemic-induced economic turmoil and low interest rates. He criticized the soul-stealing impact of social distancing and economic hibernation policies, which disproportionately affected small businesses and workers while benefiting Wall Street investors. With $500 million in cash reserves yielding little interest due to Federal Reserve interventions, he felt pressured to find a more secure investment. Saylor noted that while stock markets rebounded due to central bank interventions, many people suffered financially. He ultimately purchased 21,454 Bitcoin for $250 million in August 2020, making MicroStrategy the largest corporate holder of Bitcoin, now valued at approximately $63 billion. The narrative paints a picture of motivation stemming from frustration with financial inequality during the pandemic.

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