Bitcoin
Michael Dell’s Bullish Stance on Bitcoin Renews Interest in King Crypto: Here’s How Much You’d Have If You’d Invested $1,000 in BTC 2 Years Ago, Compared to Dell Technologies – Dell Technologies (NYSE:DELL)
Michael Dell, CEO of English Dell Technologies Inc. DELL has become the talk of the town in cryptocurrency circles amid its growing affinity for Bitcoin BTC/USD, at least on social media.
What happened: After reposting a pro-Bitcoin comment in Michael Saylor Last week, Dell made waves again by launching a poll asking its followers about the “most important thing.”
The highest number of votes was secured by Bitcoin, with 43%, among the options that also included AI.
Bitcoin supporters have seized on these signals, interpreting them as possible indications that Dell Technologies will add the world’s largest digital asset to its balance sheet, similar to Saylor. Microstrategy.
See too: ‘Dogecoin Killer’ Shiba Inu Gains Momentum After Burn Rate Soars 1393%
Well, if the company decides to move forward with a Bitcoin reserve strategy, it wouldn’t be surprising given the asset’s growth in recent years.
For example, if an investor had $1,000 and decided to buy Dell shares with it two years ago, they would be worth $2,954 today, based on a unit price of $138.23.
In comparison, $1,000 invested in Bitcoin exactly two years ago would be worth $3,280 today, marking a 3.28x jump. At the time of writing, one Bitcoin was priced at $63,339.21.
Why this matters: Bitcoin maximalists are eagerly awaiting more conclusive signals from Michael Dell regarding his investments in the valuable digital asset.
According to ForbesDell is one of the richest people in the world, with his net worth surpassing $100 billion earlier this year. At the time of writing, his fortune is worth over $105 billion.
The interest shown by tech billionaires has repeatedly excited cryptocurrency enthusiasts, with Tesla It is Space X CEO Elon Musk becoming one of the first supporters of this category of digital assets.
Bitcoin illustration via Shutterstock.