Dell Founder Michael Dell Calls Blockchain Underrated, But No Comment On Bitcoin

Founder, Chairman, and Chief Executive Officer of Dell Technologies Inc DELL, Michael Dell, says that blockchain is probably underrated, implying that the full potential of the now decade-old technology has yet to be tapped. 

When asked about Bitcoin BTC/USD, the Dell Founder said, “I’m going to pass on that. I don’t really know.”

Dell has, so far, sold almost 800 million PCs and has a market cap of $80 billion.

Even though Michael didn’t want to talk about Bitcoin, back in mid-2014, the company accepted Bitcoin payments through a partnership with Coinbase. 

In a month-long promotion in July 2014, it offered 10% savings on Alienware computers using Bitcoin up to $150.

But it stopped accepting Bitcoin in October 2017 due to low demand.

Michael had recently listed blockchain tech alongside autonomous vehicles and AI-driven biotech as a potential revenue driver.

He was talking about his new book “Play Nice but Win: A CEO’s Journey From Founder to Leader,” in which he discusses buying, selling, listing and delisting companies over the course of his career.
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