Highlights:
- Michael Saylor launched a free Bitcoin crash course aimed at educating the public about BTC fundamentals.
- The course simplifies Bitcoin’s technology and market value, offering certificates for completing five easy lessons.
- Coinciding with Bitcoin’s rise past $65K, the course aims to empower new investors and warn against crypto scams.
Michael Saylor has established a free Bitcoin Crash Course intending to educate the public about Bitcoin. The launch of the course has coincided with Bitcoin crossing the $65,000 mark, capturing the interest of both investors and the general public. The course aims to articulate how Bitcoin works and what makes it valuable in the present financial market, such that it will make Bitcoin more approachable to a wider audience.
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This conversation offers a crash course on #Bitcoin for investors, and includes a detailed discussion of MicroStrategy's Bitcoin business model. It also explores the growth opportunities for $MSTR as a leading public issuer of Bitcoin-backed securities. https://t.co/P3f6sCta8n
— Michael Saylor⚡️ (@saylor) October 14, 2024
Beginner-Friendly Dive into Bitcoin
The course is split into five parts, each containing videos that are simple to understand. The course teaches the basics of Bitcoin technology, its operations, and its role in the global economy. After finishing the course, students are awarded a certificate to demonstrate their newfound knowledge of BTC.
Saylor frequently refers to the bitcoin as digital gold. This course, which strives to provide common people with an understanding of Bitcoin and its potential, demonstrates his commitment to increasing the usage of BTC.
Bitcoin Price Surge and Market Attention
The launch of this course coincides with the Bitcoin price rising above $65,000. The growth can be attributed mainly to growing investor trust, a rise in ETF investments, and speculation in the market before the upcoming US elections.
However, the course has come at a time when there has been increased interest from investors in Bitcoin. As Bitcoin keeps climbing up in the cryptocurrency market, it is becoming more important to understand its fundamentals.
MicroStrategy’s Influence on BTC Adoption
MicroStrategy is one of the largest corporate Bitcoin holders alongside companies such as Metaplanet which has been buying large amounts of BTC of late. Saylor hopes to empower people to understand the changing cryptocurrency economy by providing this free educational resource.
The course is divided into two primary sections. There is a discussion between Saylor and MicroStrategy’s managing director, Gautam Chhugani. In this section, they talk about the role of Bitcoin in contemporary finance. The next section consists of slides showing how Bitcoin has performed better than traditional assets in the past ten years.
Bitcoin’s Strong Track Record
Saylor has highlighted the outstanding success of Bitcoin, pointing out that it has been the top asset for 11 of the past 14 years. Bitcoin has grown at an average annual rate of 49% since 2011, outpacing inflation.
It has also outperformed other big investments, such as the Nasdaq and US large-cap equities. This past success confirms Saylor’s opinion that Bitcoin is a great long-term asset, especially during periods of economic crisis and inflation.
A Warning Against Crypto Scams
Saylor also warned his followers about the surge in cryptocurrency scams. A lot of scammers have used his name and the names of other notable individuals to spread fake schemes. Saylor specified that in the event of a return request, neither MicroStrategy nor he would ever ask for Bitcoin or any other cryptocurrency. He emphasized that education is crucial for securely navigating the digital currency environment and urged people to remain informed about the risks of crypto fraud.
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