December 15, 2020
Digital Nova Scotia Member, Atlantic Blockchain Company Inc. (Founder of Go Full Crypto) has developed a brand new case study to explore why individuals or businesses would want to incorporate Bitcoin into their business or personal financial strategy.
Founders Keegan Francis and Mrugakshee Palwe are Bitcoin and Cryptocurrency subject matter experts. Through Keegan’s childhood love for money, and Mrugakshee’ s experience with international monetary inequality, the pair bring a wealth of knowledge to the table. They specialize in consulting on your transition into understanding and buying Bitcoin.
This is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.
– Micheal Saylor, CEO of MicroStrategy
Case Study Preamble
When a company converts 85% of their company cash reserves into Bitcoin, it is worth asking why. It is also worth asking how, but that will come later. Most people are familiar with Bitcoin on the level of hearing it in the news every few years when it has experienced significant price movements. However, the majority of us have not taken the time to consider Bitcoin as a legitimate form of money.
In March of 2020, MicroStrategy CEO Michael Saylor was forced by geopolitical, and economic circumstances to consider Bitcoin as a store of value (SoV), Unit of Account (UoA), and Medium of Exchange (MoE). In other words, Michael Saylor started to consider Bitcoin as money. His investigation led his company, MicroStrategy to purchase $425 million worth of bitcoin by mid-September 2020. Saylor has since been outspoken about this bold move for his publicly-traded company to adopt the Bitcoin Standard. This case study aims to explore the reasons why Michael Saylor and the MicroStrategy board did what they did.
Wonder if Bitcoin is an equitable option for you and your business? Read the Case Study to explore its worth for your investments.