MicroStrategy’s CEO Michael Saylor has called on Jeff Bezos to use Bitcoin as a means of supporting freedom of choice and free markets. According to Saylor, Bitcoin is an open protocol for enhancing personal freedom and expanding free markets through networks. The endorsement is particularly taking place against the backdrop of economic policies and financial independence. Saylor, a well-known supporter of Bitcoin, argues that the asset offers an environment that can replace traditional finance systems. He speaks this at a time when there is a push for digital currencies that would enhance a country’s monetary independence. Bitcoin is the best way to promote personal liberties and free markets. It offers an open protocol for prosperity that can be delivered to everyone via digital technology. — Michael Saylor⚡️ (@saylor) February 26, 2025 Bezos’ controversy over editorial policy Bezos, the owner of The Washington Post, recently changed the policy for the paper’s opinion section. According to the new policy, only content that promotes free markets and individual freedoms will be allowed. David Shipley, who is the editor responsible for the opinion page, tendered his resignation regarding the change. Bezos supported the policy, arguing that free markets and liberties for its people are good for the country. He also noted that the internet offers enough outlets for opposition opinions and implied that the subject is selected on purpose. Although Bezos’ decision became a subject of debate, certain industry analysts argue that he is not alone in this, as media outlet owners have always influenced their outlets’ editorial policies. Some people state that, in large measure, private ownership enables editorial freedom, though this may lead to perceptible bias. Bitcoin adoption among public companies surges At the same time, the number of operating companies that have adopted Bitcoin in their investment plans is rapidly growing. According to Cryptopolitan, the acquisition of BTC by public corporations increased to 139% in 2023. It is also important to mention that Bitcoin has not taken more than 1 % of the country’s Treasury. Bitcoin was compared to the Internet, and it remains undiscovered as far as its use in saving and payment systems is concerned. The report also explained that companies have been acquiring over 1000 BTC per day since January 2024. Also, 80% of the publicly listed firms made an investment in Bitcoin last year. Bitcoin’s price has now dipped to 83,500, the lowest level it has been at since November 2024. The cryptocurrency has dropped by $12,820 in the last three trading days, leading to over $1 billion in leveraged long liquidations, as per CoinGlass. The price drop comes just when it attained an all-time high above $108,000 less than one month ago. Currently, BTC’s value has been reduced from its high by 23%. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
