Is the founder of PC giant Dell the 'new bull” of Bitcoin? 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 AItechnology. Now, Michael Dell, the head of this long-established PC manufacturer , seems to be turning his attention back to the encryption market after early adoption of Bitcoin. A few days ago, Michael Dell tweeted that "scarcity creates value." This tweet attracted the attention of "Bitcoin enthusiast " MicroStrategy founder Michael Saylor, who replied that "Bitcoin represents digital scarcity." Michael Dell then forwarded Saylor's Reply with a picture of CookieMonster eating Bitcoin cookies.

Not only that, Michael Dell also initiated a community poll on "What do you think is the next big breakthrough in technology?" The options include quantum computing, smart artificial intelligence, blockchain and space technology , among which the blockchain voting rate exceeds wisdomAI with the highest voting rate.

As one of the world’s most wealthy technology tycoons, Michael Dell has a net worth of US$120 billion. His every move brings traffic and topics. 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 ten 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 promote more people to use Bitcoin for payment. , Dell also launched a 10% discount event. 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 payment, 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 choice. .

And the announcement quoted a relevant report from Coindesk when talking about "whether Dell has accepted Bitcoin" in response, "Although Dell is not an enthusiast-level brand, it does provide a series of eye-catching 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 Dell keeps pace with the times and supports Bitcoin . The key . Less than a month after the feature was launched, Dell received payment orders for more than 85 Bitcoins (worth about $50,000 at the time) and has since expanded the business to the UK and Canada. Three months later, Dell also became a well-known data center provider for Bitcoin mining. It reached an agreement with a Seattle-based Bitcoin ASIC provider on server hosting issues and used part of its server hosts to mine Bitcoin. Dell’s chief information officer Paul Walsh also said that Dell knows a lot about Bitcoin mining. However, due to low market demand, Dell also announced in October 2017 that it would stop Bitcoin payments. Since then, Michael Dell has rarely mentioned Bitcoin publicly. In an interview with the New York Times in 2021, he said that he did not know the value of Bitcoin, but the blockchain may be undervalued. When asked whether Bitcoin was overvalued or undervalued, Dell responded “I don’t know.” It should be noted that according to Dell’s latest financial report, it has $34.5 billion in liquid assets on its balance sheet, including $5.89 billion in cash and cash equivalents, but it has not disclosed any Bitcoin holdings. 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 run its own Hedera nodes to provide highly decentralized solutions such as edge computing on the Hedera network Core task environment development application; 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 goods giant that provides services such as the NFT market, announced the completion of 15 investments including MSD Capital LP at a valuation of US$27 billion. billion in financing; in May 2024, distributed GPU cloud computing service RunPod announced that Dell Technologies Capital had led its $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 attention of the mainstream around Bitcoin, and their public optimism about Bitcoin may also imply that they are already in the field. Low profile allocation of crypto assets.

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