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  • Time Magazine International Edition

    In Bitcoin I trust

    Mar 19, 2021 4 minutes
    BY EBEN SHAPIRO

    ICHAEL SAYLOR’S TRANSFORMATION INTO a corporate Bitcoin evangelical started prosaically enough. He’s the CEO of a publicly traded enterprise-software firm, MicroStrategy Inc., and with $482 million in 2020 revenues and business steady but expenses down because of COVID last year, cash reserves started piling up. Like many in the Bitcoin-verse, Saylor has a profound unease about central banks propping up economies with cheap money; by his calculations, the increase in the monetary supply devalues the dollar by 15% a year. He refers to cash as “trash” and a “melting ice cube.” Bitcoin, on the other hand, is “digital gold.” In August, Saylor took the unorthodox step of moving a portion of his

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