Michael Saylor, founder of MicroStrategy, revealed in a recent interview that the Covid-19 pandemic and resulting monetary policies were pivotal in his decision to invest in Bitcoin in 2020. He described the time as a “war on currency,” during which Covid restrictions were incredibly harsh, leading to economic hibernation and a bifurcation between Main Street and Wall Street. While small businesses suffered significantly from pandemic policies, Wall Street investors thrived, benefiting from the Federal Reserve's actions that drove interest rates near zero and increased asset inflation. Saylor noted that despite his company's $500 million cash reserves, it earned no yield due to these low rates. Instead, he invested $250 million in Bitcoin, acquiring 21,454 coins. MicroStrategy is now the largest corporate holder of Bitcoin, with 582,000 BTC valued at approximately $63 billion. Saylor referred to the economic situation during 2020 as “hyperinflation in financial assets,” highlighting a stark contrast in financial recovery between wealthier investors and the general population during the pandemic.

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