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"He's at it again." This phrase has become a cliché in the crypto world, a reflection of a love-hate sentiment. Michael Saylor, the former software company leader and now a digital asset evangelist, has once again flooded the community with headlines. Hundreds of thousands of bitcoins, hundreds of billions of dollars in volume—such a scale of buying has long surpassed the definition of ordinary "investment" and has entered a new territory of "asset transformation."
I initially wanted to find historical parallels to understand this. Tulip mania? The South Sea Bubble? The internet crash? After thinking for a while, I realized that these analogies are not quite accurate. Saylor's actions are neither pure gambling nor simple technological faith; they are a systematic approach based on monetary theory and asset management logic.
In my words, Saylor now is more like a sophisticated "Bitcoin converter"—designed clearly, self-driven, continuously channeling traditional capital into digital gold. It’s as if there’s no off button, and no reason to stop.
But here’s an interesting paradox: many people see him as a "madman," yet his calculations are clearer than anyone else's. At first, everyone thought his actions were outrageous—pouring company vaults into highly volatile digital assets? That’s definitely taboo in traditional finance.
But the truth is, maybe what’s truly crazy isn’t this strategy itself. Looking at it now, in the context of persistent inflation and uncertain monetary policies, this kind of Bitcoin allocation actually makes a lot of sense. He’s not gambling; he’s playing a long game.