• Dell and Saylor engaged in a short back-and-forth on X (formerly Twitter) over the past day.
• Dell retweeted a post by Saylor, signaling potential interest in Bitcoin.
• Saylor later responded to Dell with an apparent meme or joke.
Michael Dell, founder and CEO of Dell Technologies, recently engaged in a Twitter exchange with MicroStrategy CEO Michael Saylor that hinted at Dell’s potential interest in bitcoin. This brief social media interaction has sparked speculation that Dell may be considering adopting bitcoin for his company’s treasury or balance sheet.
The Twitter Exchange
On June 21, 2024, Michael Saylor tweeted a link to a CoinDesk article about Fidelity allowing bitcoin in 401(k) retirement accounts with the caption “Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access.” Shortly after, Dell replied to Saylor’s tweet with an emoji of Cookie Monster peeking over a wall.
Saylor then responded to Dell’s reply, tweeting a picture of Cookie Monster holding bitcoin with the caption “Me want Bitcoin!” This Twitter back-and-forth between the two tech billionaires has led some to believe that Dell is signaling interest in bitcoin and Saylor is encouraging him.
Potential Motivations
There are several potential motivations for Dell to consider investing in bitcoin. As a large technology company, Dell may view bitcoin as a way to diversify its corporate treasury. Bitcoin has gained more mainstream credibility recently and is seen as an inflation hedge like gold.
Dell may also want exposure to the high growth potential of bitcoin as an emerging digital asset class. If other major corporations follow MicroStrategy’s lead in adopting bitcoin for their balance sheets, Dell could preemptively gain a first-mover advantage.
Looking Ahead
While Dell’s intentions are still unclear, his Twitter activity has put the spotlight on his potential bitcoin interest. As a longtime tech innovator, Michael Dell has a history of identifying major trends early. His exchange with Michael Saylor will have many watching eagerly if Dell makes any big moves towards bitcoin integration.
