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Why We Should Care About This War over the Future of Money
A legendary short seller who took down Enron is in open combat with the CEO who has staked his entire company on Bitcoin. Their fight is about more than just one stock; it’s a high-stakes war over the future of money itself.
Saylor, the billionaire co-founder and executive chairman of MicroStrategy (now rebranded as Strategy), has spent the last few years transforming his company from a sleepy enterprise software firm into a Bitcoin holding vehicle. Saylor believes this is the future of corporate finance: a world where companies raise money and pay investors directly using Bitcoin and blockchain “rails,” cutting out the big banks and other middlemen. His argument is that these new digital assets are just a sideshow, representing a tiny fraction of Strategy’s total enterprise value (EV) and doing nothing to justify its staggering $100 billion market capitalization as of June 27.
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