Michael Dell's Bullish Bitcoin Stance Renews Interest In King Crypto: Here's How Much You'd Have If You Invested $1000 In BTC 2 Years Ago, Compared To Dell Technologies

Michael Dell, CEO of Dell Technologies Inc. DELL, has become the talk of the town in cryptocurrency circles amid his growing affinity for Bitcoin BTC/USD, at least on social media.

What Happened: After reposting a pro-Bitcoin comment from Michael Saylor on X last week, Dell made waves again by launching a poll asking his followers about the “most important thing.”

The highest number of votes were secured by Bitcoin at 43%, among options that also included AI.

The most important thing

— Michael Dell (@MichaelDell) June 28, 2024

Bitcoin supporters have seized on these signals, interpreting them as possible indications that Dell Technologies will add the world’s largest digital asset to its balance sheet, similar to Saylor’s MicroStrategy. 

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Well, if the firm does decide to go ahead with a Bitcoin reserve strategy, it won't be surprising given the asset's growth in the last few years. 

For example, if an investor had $1000 and decided to buy Dell's shares with them two years ago, it would be worth $2,954 today, based on a per unit price of $138.23. 

In comparison, $1000 invested in Bitcoin exactly two years ago will amount to $3,280 today, marking a 3.28x jump. At the time of writing, one Bitcoin was priced at $63,339.21.

Why It Matters: Bitcoin maximalists eagerly await more conclusive signals from Michael Dell regarding his investments in the prized digital asset. 

According to Forbes, Dell is one of the richest people in the world, with his net worth shooting past $100 billion early this year. As of this writing, his fortune was worth more than $105 billion. 

Interest shown by tech billionaires has time and again got cryptocurrency enthusiasts excited, with Tesla and Space X CEO Elon Musk becoming one of the early supporters of this category of digital assets. 

Read Next: Ethereum Co-Creator Vitalik Buterin Slams ‘Anarcho-Tyranny’ Of Crypto Regulations, Says ‘Useless’ Projects Safe While Those With Long-Term Story Punished

Bitcoin illustration via Shutterstock.