Billionaire Michael Saylor Pitches Bitcoin to American Investor Ray Dalio
Michael Saylor, the founder and former CEO of software business MicroStrategy, said that Bitcoin (BTC) is the only money that has the potential to align “all interests to focus on peaceful engagement, rational action, & productive industry.” The notorious crypto-enthusiast tweeted this in response to legendary hedge fund manager Ray Dalio.
“Remember that most people will pretend to operate in your interest while operating in their own,” Dalio said in the tweet that triggered Saylor’s statement on the leading crypto.
“For example, most people will operate in a way that maximizes the amount of money they will get and that minimizes the amount of work they have to do to get it,” according to the hedge fund manager.
Over the past years, Saylor has established himself as a Bitcoin bull, using his platform to promote cryptocurrencies and encourage fellow businessmen to invest in crypto. As of 08:00 am UTC today, Dalio has not addressed Saylor’s remark on Bitcoin.
In January 2022, Dalio said in an interview that he agrees with fellow billionaire Bill Miller’s suggestion that 1%–2% is the right allocation for Bitcoin. Miller had stated that “1% to 2% of your portfolio [should go to bitcoin], then if it goes to hell, you’ll be okay. If it does really well, as I believe it will over the next 10 years, then you’ll be glad you owned it.”