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Michael Dell Is Seriously Considering Bitcoin, Here’s New Proof

Posted on by angelo

Michael Dell, the CEO of Dell Technologies, is talking about Bitcoin (BTC) more frequently than usual.

Is Dell Turning to Bitcoin?

In its recent X post, Dell was seen asking its subscribers, via a survey, what they considered most important. He named 4 key elements including artificial intelligence (AI), Bitcoin, love and relationships. With the poll, his supporters were also given the choice to choose none of the above answers.

Interestingly, Bitcoin received the highest number of votes in the poll. At the time of writing, the digital asset had garnered 43% of the total 61,489 votes. This reflects the enthusiasm Dell X followers and others have for cryptocurrencies, particularly Bitcoin.

The presence of Bitcoin on the options list suggests that Dell may actually be more interested in the digital asset. This comes just days after MicroStrategy founder Michael Saylor tried to tout BTC to the businessman.

A week ago, Dell tweeted about the value of scarcity, which prompted a response from Saylor who pointed out that Bitcoin was a “digital scarcity.” He then reposted Saylor’s comment and shared a meme featuring Sesame Street’s Cookie Monster with Bitcoin.

This further fueled discussions on social media about his perhaps deeper interest in digital currencies. Dell’s X post suggests possible alignment with the idea of ​​Bitcoin as a valuable asset due to its limited nature. Although his message had a playful tone, it did not fail to raise questions in the hearts of Crypto X members about Dell’s possible new interest.

Institutional Investors Embrace Bitcoin Strategy

It should be noted that several institutional investors are gradually adopting a Bitcoin strategy. Even Dell Technologies adopted Bitcoin as a payment method in 2014.

However, in 2017, low demand forced the company to stop BTC payments. The digital asset sector has seen higher demand for Bitcoin, as evidenced by the launch of Bitcoin spot ETFs launched in January. This recovery in demand could prompt Dell Technologies to invest in BTC again.

Saylor’s MicroStrategy is one of many companies that has a thriving Bitcoin strategy. The company recently scooped up an additional 11,931 Bitcoins at an average price of around $65,883 per Bitcoin. MicroStrategy now holds a total of 226,331 Bitcoin acquired at an average price of $36,798 per BTC, for a total of approximately $8.33 billion.

Read more: Spot Bitcoin ETFs Change Trading Patterns and Volatility Sees Notable Decline