比特币，迈克尔·塞勒（Michael Saylor）和“不负责任的”下注

探索迈克尔·塞勒（Michael Saylor）的“不负责任的”比特币战略，其影响力以及对加密投资的更广泛影响。

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

比特币，迈克尔·塞勒（Michael Saylor）和“不负责任的”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，当时的Microstrategy首席执行官Michael Saylor做出了大胆的举动，在整个金融界都回荡了：他在比特币上“不负责任地”。该博客文章介绍了Saylor的策略，其影响以及比特币采用的不断发展的景观。

The Genesis of an 'Irresponsible' Bet

“不负责任”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.

“不负责任的长比特币”一词起源于对真实视觉的首席执行官Raoul Pal的采访。 Saylor最初抵制该术语，这表明它更“不幸的是理性”。他的决定源于对各种资产类别的深入研究，得出结论，比特币与股票，债券甚至黄金等传统投资相比，比特币提供了独特的价值主张。 MicroStrategy拥有大量现金储备，于2020年8月开始积累比特币，成为第一家比特币财政公司。

Saylor's Rationale: Scarcity and Digital Gold

塞勒的理由：稀缺和数字黄金

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的看涨立场取决于比特币的固定供应2100万枚硬币。他认为，使用资本的聪明人创造的任何东西都将过多，例如石油或黄金。比特币的供应有限，可以避免这种陷阱。这种稀缺性，再加上其分散的性质，将比特币视为对通货膨胀和数字化世界中价值存储的树篱。

The Ripple Effect: MicroStrategy and Beyond

连锁效果：微型及以后

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的比特币持有量已增长到惊人的592,345 BTC。该公司始终通过可转换票据筹集资金，以获取更多的比特币，经常在星期一宣布这些购买。 Saylor的信念激发了其他公司，例如Metaplanet，采取了类似的策略。 Metaplanet甚至公开承认Saylor是他们对比特币优先的未来的灵感。他们的持股达到了13,350 BTC，使他们成为了最高的公司比特币持有人。

Counterpoints and Considerations

对立和考虑

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.

并非每个人都同意塞勒的方法。 Ark Invest的Cathie Wood提出，大量的比特币持有可能会阻碍个人获得抵押贷款的资格。这突出了传统金融系统中广泛采用比特币的潜在挑战。但是，联邦住房金融机构等机构最近采取的行动将加密货币视为抵押贷款的资产，这表明了这种景观的潜在转变。

The Ongoing Saga

正在进行的传奇

Saylor's

塞勒的