Bloomberg Podcasts
@bloombergpodcasts·503K subscribers·32.4K videos
The Highs and Lows of Being a Bitcoin Maximalist | Bloomberg Crypto
Posted
August 25, 2022
Views
105
Likes
4
Comments
1
Engagement
August 25, 2022
105
4
1
4.76%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
18:49Now PlayingSome 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.
Subscribe to Bloomberg Podcasts
#Bloomberg #Podcast #Crypto
Follow Bloomberg Podcasts on Twitter
Visit our other YouTube channels:
Bloomberg Markets & Finance
Bloomberg Politics
Bloomberg Technology
Quicktake Originals
Quicktake Now
Quicktake Explained
For coverage on news, markets and more
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
