Dell's founder may consider investing in BTC

ChainCatcher news, according to Cointelegraph, Dell Technologies founder and CEO Michael Dell posted on platform X saying "scarcity creates value", a phrase often used to describe the limited supply of Bitcoin, which caught the attention of Bitcoin supporter Michael Saylor. Dell then retweeted Saylor's response and added a picture of Cookie Monster eating Bitcoin, further sparking market expectations for his potential investment in Bitcoin either personally or through his company.

Before this news was released, Dell had already cashed out $2.1 billion worth of Class C common shares in Dell Technologies, while the company's stock has nearly quintupled since it returned to public markets at the end of 2018. Currently valued at about $120 billion, Dell ranks 14th on the global rich list. This gives him enough capital to enter the Bitcoin market, especially against a backdrop where rising U.S debt could negatively impact dollar value.