Is the founder of PC giant Dell the new Bitcoin bull? He posted many bullish tweets and supported BTC payment as early as 10 years ago.

In the post-PC era, Dell has become popular again with its AI legend. Now, Michael Dell, the head of the old PC giant, seems to be returning to the encryption field after betting on Bitcoin in the early days. A few days ago, Michael Dell tweeted that "scarcity creates value." This tweet attracted the attention of Michael Saylor, the founder of MicroStrategy, a "Bitcoin fan" and replied that "Bitcoin symbolizes digital scarcity." Michael Dell then forwarded Saylor 's reply with an illustration of Cookie Monster enjoying a Bitcoin cookie.

Not only that, Computer tycoon Michael Dell also launched a community poll on "What do you think the next big breakthrough in technology is?" The options include quantum computing, artificial intelligence, blockchain and space technology, Among them, blockchain has the highest voting rate than AI and is the highest among all options.

As one of the world’s most wealthy technology tycoons, Michael Dell has a net worth of US$120 billion. His every move is a hot topic. His attention to Bitcoin immediately aroused speculation from the outside world, especially the global holdings of Bitcoin. Coin billionaires are not in the minority. In fact, as early as more than 10 years ago, Dell, Microsoft, PayPal and other giants were all early adopters of Bitcoin and were among the e-commerce companies in the world that accepted Bitcoin payments. In July 2014, shortly after Dell, which had annual sales of nearly $60 billion at the time, issued multiple warnings about Bitcoin malware, it announced that it would cooperate with Coinbase to accept Bitcoin as a payment method and to encourage more people to use Bitcoin for payment. , Dell also launched a 10% discount. In the announcement, Dell not only introduced the advantages of Bitcoin such as "effectively reducing payment processing costs" and "easy to carry out anywhere", but also emphasized that it can conduct direct payment in Bitcoin. Users only need to select Bitcoin when submitting an order. After paying in coins, jump to Coinbase and pay through the platform account or Bitcoin wallet. The entire payment process is similar to Alipay today. At that time, indirect purchase of goods through Bitcoin gift cards such as Gyft, eGifter and iTradeBTC was the mainstream choose.

And the announcement quoted a relevant report from Coindesk when talking about "whether Dell has accepted virtual currency" in response, "Although Dell is not an enthusiast-level brand, it does provide a series of interesting products for different users. Such as large-size high-end monitors for designers, and Alienware laptops and computer equipment for gamers, etc. "Provide consumers with more flexible payment options or support Dell to keep pace with the times Virtual Currency. key. Less than a month after the launch of this feature, Dell received payment orders for more than 85 virtual currencies (worth approximately US$50,000 at the time), and has since promoted the business to the United Kingdom and Canada. Three months later, Dell also became a data center provider for Virtual Currency Mining, and reached an agreement with a Seattle-based Virtual CurrencyASIC provider on server hosting issues, using part of its server hosts for mining Virtual Currency . Dell's chief information officer Paul Walsh also said that Dell is familiar with Bitcoin mining. However, due to sluggish market demand, Dell also announced in October 2017 that it would stop virtual currency payments. Since then, Michael Dell has rarely mentioned virtual currency publicly. In an interview with the New York Times in 2021, he said that he did not know the value of virtual currency, but the blockchain may have been undervalued. When asked whether virtual currency is overvalued or undervalued, Dell responded "I don't know." It should be noted that according to Dell’s latest financial report, its current assets on the balance sheet amounted to US$34.5 billion, including US$5.89 billion in cash and cash equivalents, but it did not publicly hold any virtual currencies. However, Dell is often seen in the encryption field. For example, in 2019, Dell jointly launched the data privacy project Alvarium with IOTA and Linux; in February 2023, Dell joined the Hedera governance committee and will provide highly decentralized key technologies such as edge computing on the Hedera network by running its own Hedera nodes. Task environment development applications; in January 2024, the decentralized cloud service OORT joined Dell's global customer loyalty program to provide unique decentralized data storage services to Dell's global customers. In addition, investment institutions owned by Dell and Michael Dell have also participated in investments in crypto projects. For example, in March 2022, Fanatics, a sports merchandise giant that provides services such as the NFT market, announced the completion of a $1.5 billion financing with participation from MSD Capital LP and others at a valuation of $27 billion. ; In May 2024, the distributed GPU cloud computing service RunPod announced that Dell Technologies Capital led its US$20 million seed round of financing. Although Dell and Michael Dell have not yet publicly entered the encryption field, their high-profile statements also highlight the increasing mainstream attention around virtual currency, and their public optimism about Bitcoin may also imply that they are already keeping a low profile. Allocate crypto assets.

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