麥可‧塞勒 (Michael Saylor)，比特幣極端主義者，向微軟宣傳數位貨幣的未來

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MicroStrategy founder Michael Saylor tried to convince Microsoft shareholders to put some of the company's cash into bitcoin during a shareholder vote in December 2024.

MicroStrategy 創辦人 Michael Saylor 在 2024 年 12 月的股東投票中試圖說服微軟股東將公司的部分現金投入比特幣。

Saylor's plea failed by a wide margin, with less than 1% of Microsoft shareholders voting in favor of the proposal. However, Saylor's appearance at the meeting provided him with yet another opportunity to spread his gospel of bitcoin and tout the benefits of converting as much cash as possible into that single digital asset. It's a story that Wall Street has been gobbling up.

塞勒的請求以大幅失敗告終，只有不到 1% 的微軟股東投票贊成這項提案。然而，塞勒出席會議為他提供了另一個傳播比特幣福音並宣揚將盡可能多的現金轉換為單一數位資產的好處的機會。這是華爾街一直津津樂道的故事。

MicroStrategy shares are up 477% this year as of Friday's close, second only to AppLovin among all U.S. tech companies valued at $5 billion or more, according to FactSet data. That follows a 346% gain in 2023.

FactSet 數據顯示，截至週五收盤，MicroStrategy 股價今年已上漲 477%，在所有估值 50 億美元或以上的美國科技公司中僅次於 AppLovin。 2023 年漲幅為 346%。

While the rally was in full force well before November of this year, Donald Trump's election victory, funded heavily by the crypto industry, propelled the stock even more. The shares have climbed 60% since the Nov. 5 election, and finally exceeded their dot-com era high from 2000 on Nov. 11.

儘管漲勢早在今年 11 月之前就已全面展開，但唐納德·川普 (Donald Trump) 在加密行業的大力資助下贏得大選，進一步推動了該股的上漲。自 11 月 5 日大選以來，該股股價已上漲 60%，並最終在 11 月 11 日超過了 2000 年以來的網路時代高點。

Saylor has long talked about bitcoin in an evangelical fashion and co-authored a book about it in 2022 titled "What is Money?" But his critics have gotten louder than ever of late, describing Saylor as a cult-like leader and his strategy as a "ponzi loop" that involves issuing debt and equity to buy bitcoin, watching MicroStrategy's stock price go up, and then doing more of the same.

Saylor 長期以來一直以福音派的方式談論比特幣，並於 2022 年與人合著了一本關於比特幣的書，題為《什麼是貨幣？但他的批評者最近比以往任何時候都更加響亮，將Saylor 描述為一個邪教般的領導者，並將他的策略描述為“龐氏循環”，涉及發行債務和股票來購買比特幣，看著MicroStrategy 的股價上漲，然後做更多的事情相同。

"Wash, rinse, repeat — what could possibly go wrong?" wrote Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, in a Nov. 12 post on X to his 1 million followers.

“清洗、沖洗、重複——可能會出什麼問題呢？”歐洲太平洋資產管理公司（Euro Pacific Asset Management）首席經濟學家兼全球策略師彼得·希夫（Peter Schiff）在 11 月 12 日向他的 100 萬粉絲發布的 X 帖子中寫道。

Saylor, who has 3.8 million followers, addressed the growing chorus of skeptics last week in an interview with CNBC's "Money Movers."

擁有 380 萬粉絲的塞勒上週在接受 CNBC 節目《Money Movers》採訪時回應了越來越多的懷疑論者。

"Just like developers in Manhattan, every time Manhattan real estate goes up in value, they issue more debt to develop more real estate, that's why your buildings are so tall in New York City," Saylor said, in a clip that's been posted to X by his legion of fans. "It's been going for 350 years. I would call it an economy."

「就像曼哈頓的開發商一樣，每當曼哈頓的房地產價值上漲時，他們就會發行更多的債務來開發更多的房地產，這就是為什麼紐約市的建築物如此高，」塞勒正在發布的一段影片中說道。 “它已經存在了 350 年。我將其稱為經濟。”

Saylor is a frequent guest on CNBC, making appearances on various programs throughout the year. He also agreed to two interviews with CNBC.com, one in September and another soon after the election.

Saylor 是 CNBC 的常客，全年都會出現在各種節目中。他還同意接受 CNBC.com 的兩次採訪，一次是在 9 月份，另一次是在選舉後不久。

The first of those chats came back at the Lotte, just a few elevator stops from the penthouse where he stayed the night before his stock hit the Nasdaq. Saylor was delivering a conference keynote at the hotel and taking meetings on the side.

第一次聊天是在樂天酒店，距離他的股票登陸納斯達克前一天晚上所住的頂層公寓只有幾站電梯。塞勒當時正在飯店發表會議主題演講，並同時參加會議。

He wore a designer suit and an orange Hermes tie, matching bitcoin's designated color. The election was less than two months away, and crypto companies were pumping money into the Trump campaign after the Republican nominee and ex-president, who previously called bitcoin a "scam against the dollar," started guaranteeing a much more crypto-friendly administration.

他穿著一套名牌西裝和一條橙色的愛馬仕領帶，與比特幣的指定顏色相匹配。距離選舉還有不到兩個月的時間，在這位共和黨候選人和前總統開始保證一個對加密貨幣更加友好的政府之後，加密貨幣公司開始向川普競選活動注入資金。人和前總統先前稱比特幣是「兌美元的騙局」。

Two months earlier, in July, Trump delivered a keynote at the biggest bitcoin conference of the year in Nashville, where he promised to fire SEC Chair Gary Gensler, an industry critic, and said the U.S. would become the "crypto capital of the planet" if he won.

兩個月前的7 月，川普在納許維爾舉行的年度最大的比特幣會議上發表了主題演講，他承諾解僱SEC 主席、行業評論家加里·詹斯勒(Gary Gensler)，並表示美國將成為「地球的加密貨幣之都」如果他贏了。

"I think the election year has inspired the crypto community to find its voice, and I think it has catalyzed a lot of enthusiasm that was latent," Saylor said in the September interview. "When Trump came out tentatively positive, that was a big boost to the industry. When he came out fully positive, that was another boost."

塞勒在 9 月的採訪中表示：“我認為選舉年激發了加密社區發出自己的聲音，並激發了許多潛在的熱情。” “當川普表現出暫時積極的態度時，這對整個行業來說是一個巨大的推動。當他表現出完全積極的態度時，這是另一個推動力。”

Until this year, MicroStrategy was one of the few ways many institutions could buy bitcoin. Because MicroStrategy was an equity, investment firms didn't need any special provisions to own it. The environment changed in January, when the SEC approved spot bitcoin exchange-traded funds, allowing investors to buy ETFs that track the value of bitcoin.

直到今年，MicroStrategy 還是許多機構可以購買比特幣的少數方式之一。由於 MicroStrategy 是一種股權，投資公司不需要任何特殊條款即可擁有它。一月份，環境發生了變化，美國證券交易委員會批准了現貨比特幣交易所交易基金，允許投資者購買追蹤比特幣價值的 ETF。

Since Trump's victory, it's all been up and to the right. Bitcoin is up about 41% and BlackRock's ETF has climbed 39%. Gensler is preparing to leave the SEC, and Trump has picked deregulation advocate and former SEC Commissioner Paul Atkins to replace him.

自從川普獲勝以來，一切都在朝著好的方向發展。比特幣上漲了約 41%，貝萊德的 ETF 上漲了 39%。詹斯勒正準備離開 SEC，川普已選擇放鬆管制倡導者、前 SEC 專員保羅阿特金斯 (Paul Atkins) 接替他。

Venture capitalist David Sacks, an outspoken conservative who hosted a fundraiser for Trump in San Francisco, will be the "White House A.I. & Crypto Czar," Trump announced earlier this month in a post on his Truth Social platform.

川普本月稍早在他的Truth Social 平台上發文稱，創投家大衛薩克斯(David Sacks) 是一位直言不諱的保守派人士，他在舊金山為川普舉辦了一場籌款活動，他將擔任「白宮人工智慧和加密貨幣沙皇」。

"With the red sweep, bitcoin is surging up with tailwinds, and the rest of the digital assets will also begin to surge," Saylor told CNBC in a phone interview, soon after the election. He said bitcoin remains the "safe trade" in the crypto space,

選舉後不久，塞勒在接受 CNBC 電話採訪時表示：“隨著紅色的橫掃，比特幣順勢飆升，其他數位資產也將開始飆升。”他表示，比特幣仍然是加密貨幣領域的“安全交易”，