比特幣，邁克爾·塞勒（Michael Saylor）和“不負責任的”下注

探索邁克爾·塞勒（Michael Saylor）的“不負責任的”比特幣戰略，其影響力以及對加密投資的更廣泛影響。

Bitcoin, Michael Saylor, and the 'Irresponsibly Long' Bet

比特幣，邁克爾·塞勒（Michael Saylor）和“不負責任的”下注

In 2020, Michael Saylor, then CEO of MicroStrategy, made a bold move that reverberated throughout the financial world: he went "irresponsibly long" on Bitcoin. This blog post dives into Saylor's strategy, its impact, and the evolving landscape of Bitcoin adoption.

2020年，當時的Microstrategy首席執行官Michael Saylor做出了大膽的舉動，在整個金融界都迴盪了：他在比特幣上“不負責任地”。該博客文章介紹了Saylor的策略，其影響以及比特幣採用的不斷發展的景觀。

The Genesis of an 'Irresponsible' Bet

“不負責任”下注的起源

The phrase "irresponsibly long Bitcoin" originated during an interview with Raoul Pal, CEO of Real Vision. Saylor initially resisted the term, suggesting it was more "unfortunately rational." His decision stemmed from a deep dive into various asset classes, concluding that Bitcoin offered a unique value proposition as "hard money" compared to traditional investments like stocks, bonds, and even gold. MicroStrategy, armed with a substantial cash reserve, began accumulating Bitcoin in August 2020, becoming the first Bitcoin treasury company.

“不負責任的長比特幣”一詞起源於對真實視覺的首席執行官Raoul Pal的採訪。 Saylor最初抵制該術語，這表明它更“不幸的是理性”。他的決定源於對各種資產類別的深入研究，得出結論，比特幣與股票，債券甚至黃金等傳統投資相比，比特幣提供了獨特的價值主張。 MicroStrategy擁有大量現金儲備，於2020年8月開始積累比特幣，成為第一家比特幣財政公司。

Saylor's Rationale: Scarcity and Digital Gold

塞勒的理由：稀缺和數字黃金

Saylor's bullish stance rests on Bitcoin's fixed supply of 21 million coins. He argues that anything created by intelligent people using capital will be overproduced, like oil or gold. Bitcoin, with its limited supply, avoids this pitfall. This scarcity, coupled with its decentralized nature, positions Bitcoin as a hedge against inflation and a store of value in an increasingly digital world.

Saylor的看漲立場取決於比特幣的固定供應2100萬枚硬幣。他認為，使用資本的聰明人創造的任何東西都將過多，例如石油或黃金。比特幣的供應有限，可以避免這種陷阱。這種稀缺性，再加上其分散的性質，將比特幣視為對通貨膨脹和數字化世界中價值存儲的樹籬。

The Ripple Effect: MicroStrategy and Beyond

連鎖效果：微型及以後

MicroStrategy's Bitcoin holdings have grown to a staggering 592,345 BTC. The company consistently raises funds through convertible notes to acquire more Bitcoin, often announcing these purchases on Mondays. Saylor's conviction has inspired other companies, such as Metaplanet, to adopt similar strategies. Metaplanet even publicly acknowledges Saylor as their inspiration for the Bitcoin-first future. Their holdings have reached 13,350 BTC, placing them among the top corporate Bitcoin holders.

MicroStrategy的比特幣持有量已增長到驚人的592,345 BTC。該公司始終通過可轉換票據籌集資金，以獲取更多的比特幣，經常在星期一宣布這些購買。 Saylor的信念激發了其他公司，例如Metaplanet，採取了類似的策略。 Metaplanet甚至公開承認Saylor是他們對比特幣優先的未來的靈感。他們的持股達到了13,350 BTC，使他們成為了最高的公司比特幣持有人。

Counterpoints and Considerations

對立和考慮

Not everyone agrees with Saylor's approach. Cathie Wood of ARK Invest has suggested that significant Bitcoin holdings might hinder individuals from qualifying for mortgages. This highlights a potential challenge for widespread Bitcoin adoption in traditional financial systems. However, recent moves by agencies like the Federal Housing Finance Agency to consider crypto as an asset for mortgages signal a potential shift in this landscape.

並非每個人都同意塞勒的方法。 Ark Invest的Cathie Wood提出，大量的比特幣持有可能會阻礙個人獲得抵押貸款的資格。這突出了傳統金融系統中廣泛採用比特幣的潛在挑戰。但是，聯邦住房金融機構等機構最近採取的行動將加密貨幣視為抵押貸款的資產，這表明了這種景觀的潛在轉變。

The Ongoing Saga

正在進行的傳奇

Saylor's

塞勒的