Could Dell be seeking to pull a script from MicroStrategy's playbook?

Source Fxstreet
  • Billionaire Michael Dell drew the crypto community's attention after reposting a comment by Michael Saylor.
  • Michael Dell went on to post a meme of a cookie monster eating Bitcoin following Saylor's comment.
  • Dell may be hinting at Bitcoin adoption following the trail of comments between him and Saylor.

Following a series of X posts on Friday indicating a potential interest in Bitcoin, several crypto community members speculated that Michael Dell and his company could be looking to employ the MicroStrategy Bitcoin playbook.

Michael Dell hints at Bitcoin adoption

Michael Dell, founder and CEO of Dell Technologies (DELL), has shown interest in Bitcoin after a series of X posts involving him and Michael Saylor on Friday.

Also read: Bitcoin Weekly Forecast: Is BTC out of the woods?

The two garnered the attention of crypto community members after Dell reposted Saylor's comment on an initial post he made. On Thursday, Dell made a post stating, "Scarcity creates value." This drew Saylor's attention, who replied, "Bitcoin is digital scarcity."

Observers have been watching both parties' comments, and many have speculated that Dell might be considering acquiring the digital asset.

A few hours later, Dell launched an X poll asking what the next big breakthrough in tech will be. From a list that included AI, Quantum Computing and Space Tech, Blockchain quickly grabbed the highest votes.

Read more: German government’s Bitcoin transfer sends BTC price lower after MicroStrategy almost triggers rally

As if that wasn't enough, Dell went further and posted a meme picture of Sesame Street's Cookie Monster eating Bitcoin. This attracted more questions from crypto community members, who seemed to be reading between the lines.

The big question among speculators is now whether Dell wants to add Bitcoin to his company's balance sheet just like Saylor has been doing at MicroStrategy.

Dell Technologies is currently valued at over $100 billion, and Michael Dell is its majority shareholder, holding 58.9% of the company's shares.

Also read: Bitcoin price continues to plummet as whale activities deepen

His recent posts about Bitcoin suggest that he may be following a script from MicroStrategy's playbook. MicroStrategy's shares rose 3% on Thursday following the acquisition of an additional 11,931 Bitcoin.

Bitcoin is trading around $64K, down 1.5% in the past 24 hours, as Michael Dell's move hasn't positively impacted its price as many would expect.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to CoolAs of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains
Author  TradingKey
11 hours ago
As of the European session on August 17, gold prices (XAUUSD) were trading above $4,400, up about 0.7% on the day and reaching an intraday high of $4,416.43, extending last Friday's gains
placeholder
Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensionsGold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike. 
Author  FXStreet
20 hours ago
Gold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike. 
placeholder
Copper Price Forecast: Tight Supply Pushes Price Above $14,000, Can Copper Reach $15,000?As of the European session on August 14, international spot copper prices (COPPER) continued to fluctuate near historical highs, trading around $14,070, down slightly by 0.3% intraday. De
Author  TradingKey
Aug 14, Fri
As of the European session on August 14, international spot copper prices (COPPER) continued to fluctuate near historical highs, trading around $14,070, down slightly by 0.3% intraday. De
placeholder
WTI remains below $80.50 as traders monitor diplomatic efforts to reopen HormuzWest Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
Author  FXStreet
Aug 14, Fri
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
placeholder
Forex Today: US Dollar stabilizes ahead of next batch of US dataHere is what you need to know on Thursday, August 13:
Author  FXStreet
Aug 13, Thu
Here is what you need to know on Thursday, August 13:
Related Instrument
goTop
quote