The Highs and Lows of Being a Bitcoin Maximalist
Bloomberg Crypto25 Aug 2022

The Highs and Lows of Being a Bitcoin Maximalist

Some of the biggest and brashest figures in crypto have faced staggering losses in this current downmarket. Multiple crypto companies have filed for bankruptcy, and more than one high-flying crypto CEO has found themselves out of a job.

Case in point: Michael Saylor, the co-founder and former CEO of a software services firm called MicroStrategy. But software isn’t what made the company a household name among Bitcoin believers. Saylor’s decision to use the company’s balance sheet to bet big on Bitcoin back in 2020 is really what catapulted Microstrategy into the headlines. For a while, as Bitcoin prices rallied, that $250 million dollar bet looked like a genius move. But as prices fell, MicroStrategy found itself facing significant losses. What does this loss mean for the future of MicroStrategy, and for Michael Saylor?

For more, Bloomberg senior editor Dave Liedtka and Bloomberg accounting specialist Tom Contiliano join this episode to discuss what happened at MicroStrategy.

See omnystudio.com/listener for privacy information.

Avsnitt(224)

Introducing: Bloomberg This Weekend

Introducing: Bloomberg This Weekend

'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business l...

1 Mars 1min

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billio...

12 Maj 20232min

Princeton University’s Blockchain Center, One Year On

Princeton University’s Blockchain Center, One Year On

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Last year, just before the crypto winter had hit in earnest, Princeton University opened up “The Center for the Decentral...

16 Mars 202313min

Crypto Winter Meets Banking Crisis: A Tale of Three Banks

Crypto Winter Meets Banking Crisis: A Tale of Three Banks

It’s been another wild week of financial mayhem connected to crypto. But this time the crisis focused on banks.  It started earlier this month [March], when Silvergate Capital shut down operations. Th...

16 Mars 202319min

NFT Fans Say 2023 Is Looking Up

NFT Fans Say 2023 Is Looking Up

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Some might argue that the popularity of NFTs faded as quickly as it rose. NFTs boomed in early 2022 when the crypto mania...

15 Mars 202325min

Job Cuts Reflect Crypto Winter’s Deep Freeze

Job Cuts Reflect Crypto Winter’s Deep Freeze

The last 12 months or so have been a particularly grueling season for crypto. And as we head into the spring months of 2023, we’re getting a better sense of what the slump in crypto prices has meant f...

14 Mars 202316min

What’s Happening With Crypto in Argentina?

What’s Happening With Crypto in Argentina?

Argentina is one of the countries with the highest rates of inflation in the world -  currently hovering at close to 100%.  The nation is also one of the countries with the biggest population of crypt...

13 Mars 202314min

This Week in Crypto: Court is in Session

This Week in Crypto: Court is in Session

Legal battles, circling regulators and a troubled bank. It's all happening in crypto this week.  Court is in session as Grayscale challenges the SEC over the prospects for a Bitcoin ETF, while themsel...

10 Mars 202319min

Populärt inom Politik & nyheter

svenska-fall
p3-krim
rss-krimstad
aftonbladet-krim
fordomspodden
spar
flashback-forever
motiv
aftonbladet-daily
rss-vad-fan-hande
rss-sanning-konsekvens
krimmagasinet
rss-krimreportrarna
rss-klubbland-en-podd-mest-om-frolunda
sydsvenskan-dok
rss-aftonbladet-krim
politiken
blenda-2
grans
svd-ledarredaktionen