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Why We Should Care About This War over the Future of Money

The crypto world is buzzing. If you ask a true believer, they’ll say this is just the beginning of a financial revolution. Ask a skeptic, and they’ll swear we’re watching a bubble inflate in real time, one that could pop at any second. This entire debate is now playing out in a public showdown between two of the biggest names in finance. Michael Saylor and Jim Chanos are two men with very different visions of the future, and they’re now in open combat on X (formerly Twitter). Saylor, the billi

Why You Should Care About This War Over the Future of Money

The crypto world is buzzing. If you ask a true believer, they’ll say this is just the beginning of a financial revolution. Ask a skeptic, and they’ll swear we’re watching a bubble inflate in real time, one that could pop at any second. This entire debate is now playing out in a public showdown between two of the biggest names in finance. Michael Saylor and Jim Chanos are two men with very different visions of the future, and they’re now in open combat on X (formerly Twitter). Saylor, the billi

This Billionaire Turned a Software Firm Into a $42 Billion Bitcoin Whale

Michael Saylor doesn’t just believe in Bitcoin. He’s betting his entire company on it. On Saturday, the billionaire founder of MicroStrategy, once a sleepy business software firm, announced he had bought another 245 bitcoins for around $26 million, paying an average of $105,856 per coin. That brings MicroStrategy’s Bitcoin holdings to a jaw-dropping 592,345 BTC, acquired for $41.87 billion at an average cost of $70,681 per coin. Saylor posted the update to his 4.4 million followers on X, bragg