What is the sentiment towards bitcoin among tech billionaires mentioned in the articles?

By Divya Jun 29, 2024 #Bitcoin
What is the sentiment towards bitcoin among tech billionaires mentioned in the articles?

**Tech Billionaires’ Sentiments on Bitcoin: A Divided Perspective**

**Elon Musk weighs in on Bitcoin’s appeal**

Amidst recent market volatility, tech billionaires are expressing diverse sentiments towards Bitcoin. Elon Musk, CEO of Tesla and SpaceX, recently responded to a poll initiated by Michael Dell, founder of Dell Technologies. Dell’s query centered around the relative importance of Bitcoin, artificial intelligence, and love and relationships.

Musk, known for his eccentric comments, declared “Sentimental fool that I am, I tapped ‘love and relationships’.” This response highlights his personal priorities, despite his previous support for Bitcoin.

**Michael Dell’s enigmatic tweets ignite speculation**

Dell’s poll has captured the attention of the cryptocurrency community. His recent series of Bitcoin-themed posts on his social media platform have sparked speculation that Dell Technologies may be considering investing in Bitcoin.

Earlier interactions between Dell and MicroStrategy CEO Michael Saylor mirrored a similar dialogue that preceded Tesla’s $1.5 billion Bitcoin purchase in late 2020. This has led analysts to anticipate a potential announcement from Dell regarding Bitcoin acquisition.

**Michael Saylor: Bitcoin evangelist and corporate treasury advocate**

Michael Saylor has emerged as a staunch Bitcoin supporter. His company, MicroStrategy, has accumulated over 214,000 Bitcoin since 2020. Saylor actively promotes the adoption of Bitcoin as a reserve asset for corporate treasuries.

MicroStrategy’s stock price has soared since its Bitcoin investment, demonstrating the potential benefits of incorporating Bitcoin into corporate portfolios.

**Other tech billionaires join the Bitcoin bandwagon**

Elon Musk’s Tesla initially purchased Bitcoin but later reduced its holdings, indicating a cautious approach. However, other tech billionaires have publicly expressed support for Bitcoin.

Semler Scientific, a medical device maker, recently announced a $40 million Bitcoin acquisition. This move boosted its stock price significantly, suggesting that the broader market is receptive to Bitcoin investments.


The sentiments of tech billionaires towards Bitcoin vary from enthusiasm to skepticism. While some like Michael Saylor actively promote Bitcoin, others like Elon Musk take a more cautious approach. However, the recent surge in corporate Bitcoin purchases suggests that the asset is gaining traction as a viable investment for companies seeking diversification and potential growth.

By Divya

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