Cynthia Lummis, U.S. Senator from Wyoming

Cynthia Lummis, U.S. Senator from Wyoming

Cynthia Lummis, U.S. Senator from Wyoming

Biography

Cynthia Marie Lummis was born on September 10, 1954, in Cheyenne, Wyoming, into a family deeply rooted in the state’s ranching and business heritage. Her family owned the Arp and Hammond Hardware Company and several large ranch properties southeast of Cheyenne. Lummis attended the University of Wyoming, earning a Bachelor of Science in animal science in 1976, a second B.S. in biology in 1978, and later a Juris Doctor from the University of Wyoming College of Law in 1985.

Lummis entered politics remarkably early. In 1978, at age 24, she was elected to the Wyoming House of Representatives, becoming the youngest woman to serve in the state legislature at the time. She served in the state House from 1979 to 1983 and again from 1985 to 1993, followed by a stint in the Wyoming Senate from 1993 to 1995. She served as Wyoming State Treasurer from 1999 to 2007, then represented Wyoming’s at-large congressional district in the U.S. House of Representatives from 2009 to 2017. In 2020, she was elected to the U.S. Senate, becoming the first woman to represent Wyoming in that chamber.

Lummis married fellow state legislator and attorney Alvin Wiederspahn in 1983; together they built wealth through law, ranching, and real estate ventures. Wiederspahn passed away in 2014. They have one daughter, Annaliese. Lummis’s estimated net worth is approximately $15 million. In December 2025, she announced she would not seek re-election in 2026, citing the demanding pace of Senate life, but pledged to continue advancing digital asset legislation through the end of her term.

Orange Pill Story

Cynthia Lummis’s path to Bitcoin began in 2013, years before most politicians had even heard of cryptocurrency. Her son-in-law introduced her to the concept, and she purchased her first bitcoin for approximately $320. She bought two more in 2014 for roughly $330 each. What drew her in was not speculative fervor but a deeply held belief in the economic power of scarcity — the same principle that had made gold valuable for millennia.

As a fiscal conservative from a ranching state where people understand that scarce resources hold value, Lummis saw in Bitcoin a digital embodiment of sound money principles. She recognized that Bitcoin’s fixed supply of 21 million coins made it fundamentally different from fiat currencies that governments could print without limit. Her early conviction only deepened over the following years as she watched governments around the world engage in unprecedented money printing during the COVID-19 pandemic.

When Lummis was sworn into the U.S. Senate in January 2021, she became the first known Bitcoin holder to serve in that body. Rather than downplaying her crypto holdings, she made Bitcoin advocacy a centerpiece of her legislative agenda. She continued buying — disclosing a purchase worth between $50,001 and $100,000 in August 2021. For Lummis, Bitcoin was not a hobby or a side interest; it was a policy conviction rooted in decades of fiscal conservatism.

Bitcoin Philosophy & Quotes

“I believe in the economic power of scarcity, and the potential for bitcoin to address some of the manipulations in the financial system.” — Cynthia Lummis, Bitcoin.com News, November 2020

“I think one of the strongest stores of value for the long run is bitcoin.” — Cynthia Lummis, CNBC Financial Advisor Summit, June 2021

“You walk into a bank, and they can simultaneously provide you with fiat currency services like the dollar, as well as digital asset services like bitcoin. This will create a 21st-century financial services industry.” — Cynthia Lummis, CNBC Interview, 2025

“The Strategic Bitcoin Reserve is the only tool I see that can help people in my generation right the wrongs that we did to younger generations and generations to follow with respect to our debt and fiscal mismanagement.” — Cynthia Lummis, X/Twitter, January 2025

“We are 37 trillion dollars in debt, so if we bought and held a million Bitcoin for 20 years it will cut that debt in half, and we have underperforming assets that can be converted to Bitcoin without borrowing additional money.” — Cynthia Lummis, Bitcoin 2025 Conference, Las Vegas

“Even our military generals say that bitcoin is an important deterrent to aggression from other countries, especially from China.” — Cynthia Lummis, Bitcoin 2025 Conference, Las Vegas

“Bitcoin is a store of value that helps the government solve problems and preserve the U.S. dollar as the world reserve currency.” — Cynthia Lummis, X/Twitter, April 2025

“Part of the problem in the last four years has been largely regulatory agencies that have been very hostile towards digital assets, so we are trying to change as fast as we can.” — Cynthia Lummis, Bitcoin 2025 Conference, Las Vegas

“I am humbled my colleagues have placed their trust in me to chair this historic subcommittee and I look forward to shepherding bipartisan legislation to President Trump’s desk this year that secures our financial future.” — Cynthia Lummis, Senate Digital Assets Subcommittee Announcement, January 2025

Involvement with Bitcoin & Cryptocurrency

Cynthia Lummis has done more to advance pro-Bitcoin legislation in the United States than arguably any other elected official. In June 2022, she partnered with Senator Kirsten Gillibrand to introduce the Lummis-Gillibrand Responsible Financial Innovation Act, the most comprehensive bipartisan digital asset regulatory framework ever proposed in Congress. The bill would classify most digital assets as commodities under CFTC oversight, create clear definitions for the industry, and establish consumer protections. The senators reintroduced the bill in 2023 with expanded provisions.

Her signature achievement came at the Bitcoin 2024 conference in Nashville, where — moments after former President Trump left the stage — Lummis announced the BITCOIN Act (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide). The bill proposes that the U.S. Treasury acquire one million bitcoins over five years, approximately 5% of total supply, and hold them for a minimum of 20 years to reduce the national debt. The acquisition would be funded by revaluing Federal Reserve gold certificates. She reintroduced the BITCOIN Act in March 2025 alongside a companion House bill.

In January 2025, Lummis was named the first-ever chair of the Senate Banking Subcommittee on Digital Assets, a newly created oversight body dedicated to cryptocurrency policy. She has also championed small-transaction tax relief, proposing a $600 de minimis exemption for everyday Bitcoin purchases like buying coffee or dinner.

Media Appearances & Coverage

Lummis has become the go-to voice for Bitcoin in mainstream political media. She has appeared repeatedly on CNBC, including the Financial Advisor Summit in June 2021 where she advocated for Bitcoin in retirement portfolios. Her speeches at the Bitcoin 2024 conference in Nashville and Bitcoin 2025 conference in Las Vegas were covered extensively by Bitcoin Magazine, CoinDesk, Cointelegraph, Blockworks, Decrypt, and major outlets including Bloomberg, the Wall Street Journal, and Fortune. Roll Call profiled her as the Senate’s “queen of crypto” in 2022. Her legislative announcements are regularly covered by C-SPAN, CNBC, Reuters, and the Associated Press. CoinDesk named her one of its Most Influential people in crypto for 2021 and again recognized her as a “laser-eyed lawmaker” in 2024.

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Paul Tudor Jones, Founder of Tudor Investment Corporation

Paul Tudor Jones, Founder of Tudor Investment Corporation

Paul Tudor Jones, Founder of Tudor Investment Corporation

Biography

Paul Tudor Jones II was born on September 28, 1954, in Memphis, Tennessee. His father was a lawyer and his mother an artist. Jones attended Presbyterian Day School and Memphis University School before enrolling at the University of Virginia, where he earned a degree in economics in 1976 while also winning the university welterweight boxing championship.

After graduating, Jones began his career as a commodities trader at E.F. Hutton & Co. under the mentorship of legendary cotton trader Eli Tullis. In 1980, at just 26 years old, he founded Tudor Investment Corporation with $30,000 in seed capital from Commodities Corporation. Jones became a Wall Street legend virtually overnight when he predicted and profited enormously from Black Monday in October 1987 — his fund gained 62% that month alone and finished the year up 200% while markets collapsed around him. The trade, captured in the cult documentary “Trader,” cemented his reputation as one of the greatest macro traders of all time.

Today, Tudor Investment Corporation manages approximately $13 billion in assets across investors from 35 countries. Jones’s net worth is estimated at $8.1 billion, placing him among the 200 wealthiest people in America. Beyond finance, he founded the Robin Hood Foundation in 1988, a pioneering venture philanthropy organization that has distributed billions of dollars to fight poverty in New York City, and co-founded JUST Capital, a nonprofit that ranks corporations on how they treat workers, communities, and the environment. He and his wife joined the Giving Pledge in 2019.

Orange Pill Story

Paul Tudor Jones’s path to Bitcoin began not with technological curiosity but with macroeconomic alarm. In May 2020, as governments around the world printed trillions of dollars in response to the COVID-19 pandemic, Jones published an investor letter titled “The Great Monetary Inflation.” In it, he described an “unprecedented expansion of every form of money unlike anything the developed world has ever seen” and warned that inflation was inevitable. He evaluated multiple stores of value — gold, Treasury inflation-protected securities, commodities, and Bitcoin — across criteria including purchasing power, trustworthiness, liquidity, and portability. His conclusion was stark: Bitcoin was the “best profit-maximizing strategy” and “the fastest horse in the race.”

Jones initially allocated 1-2% of his Tudor BVI fund to Bitcoin futures at a time when the asset was trading around $9,000. By October 2020, he told CNBC he liked Bitcoin “even more now” and that the rally was “still in the first inning.” By June 2021, he had publicly increased his target allocation to 5%, telling CNBC’s Squawk Box that Bitcoin appealed to him because it was “reliable, consistent, honest, and 100% certain.” He described it simply: “Bitcoin is math.” As the years passed, Jones never wavered. Through bear markets and regulatory crackdowns, he maintained his position, telling Blockworks in 2023 that he had “never sat on a horse that long.” By 2024, he had grown his IBIT (BlackRock spot Bitcoin ETF) holdings to over $445 million — making Bitcoin one of the largest positions in his entire portfolio.

Bitcoin Philosophy & Quotes

“The best profit-maximizing strategy is to own the fastest horse. If I am forced to forecast, my bet is it will be Bitcoin.” — Paul Tudor Jones, “The Great Monetary Inflation” Investor Letter, May 2020

“I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and it’s got a long way to go.” — Paul Tudor Jones, CNBC Squawk Box, October 2020

“Bitcoin has this enormous contingent of really, really smart and sophisticated people who believe in it. It’s like investing with Steve Jobs and Apple or investing in Google early.” — Paul Tudor Jones, CNBC Interview, October 2020

“Bitcoin is math. And math has been around for thousands of years. Two plus two is going to equal four, and it will for the next 2,000 years. I like the idea of investing in something that’s reliable, consistent, honest, and 100% certain.” — Paul Tudor Jones, CNBC Squawk Box, June 2021

“The only thing that I know for certain is I want to have 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities.” — Paul Tudor Jones, CNBC Squawk Box, June 2021

“From the beginning, I’ve always said I want to have a small allocation to it because it’s the only thing humans can’t adjust the supply in.” — Paul Tudor Jones, CNBC Squawk Box, May 2023

“I’ve never sat on a horse that long.” — Paul Tudor Jones, Blockworks / CNBC, May 2023

“I think all roads lead to inflation. I’m long gold. I’m long bitcoin. I think commodities are so ridiculously underowned.” — Paul Tudor Jones, CNBC Squawk Box, October 2024

“Bitcoin is very, very appealing right now.” — Paul Tudor Jones, CNBC Interview, October 2025

Involvement with Bitcoin

Paul Tudor Jones was among the first institutional heavyweights to put real capital behind Bitcoin. His May 2020 investor letter broke a psychological barrier on Wall Street — if Tudor Jones was buying Bitcoin, other allocators had permission to look at it seriously. His initial 1-2% allocation through Bitcoin futures in the Tudor BVI fund was a calculated, risk-managed entry that gave institutional investors a template for how to approach the asset class without recklessness.

When spot Bitcoin ETFs launched in January 2024, Jones moved aggressively. SEC 13F filings reveal that Tudor Investment Corporation grew its position in BlackRock’s iShares Bitcoin Trust (IBIT) from 869,565 shares in mid-2024 to over 4.4 million shares by September 2024, worth approximately $160 million. By early 2025, the fund had nearly doubled again to 8.1 million IBIT shares — a position valued at roughly $445 million, representing approximately 4.5% of Tudor’s $9 billion portfolio. Bitcoin had become one of the largest non-options positions in the entire fund, ranking alongside holdings in the S&P 500 and Nvidia.

Jones’s institutional custodial relationships with Coinbase and Bakkt further demonstrated his commitment to integrating Bitcoin into traditional portfolio management infrastructure. His consistent public advocacy — reaffirming his position through multiple market cycles — has been credited with helping legitimize Bitcoin as a macro asset among professional allocators worldwide.

Media Appearances & Coverage

Paul Tudor Jones’s Bitcoin commentary has been a recurring feature on CNBC’s Squawk Box, where his interviews in October 2020, June 2021, May 2023, and October 2024 each moved markets and generated widespread coverage. His “Great Monetary Inflation” letter was published in full by CoinDesk and analyzed by Bloomberg, the Wall Street Journal, and the Financial Times. His October 2024 declaration that “all roads lead to inflation” was covered by CoinDesk, Cointelegraph, CryptoSlate, Decrypt, Bitcoin Magazine, Benzinga, and Yahoo Finance. His growing IBIT position has been tracked through SEC filings and reported on by Decrypt, BeInCrypto, CryptoPotato, and The Motley Fool. Jones’s influence extends beyond crypto media — his macro views on Bitcoin as an inflation hedge are regularly cited in mainstream financial publications as a bellwether for institutional sentiment.

Notable Bitcoin Tweets

Paul Tudor Jones, legendary hedge fund manager and founder of Tudor Investment Corp, became one of the first major Wall Street figures to publicly endorse Bitcoin as an inflation hedge. His 2020 letter “The Great Monetary Inflation” was a watershed moment for institutional Bitcoin adoption.

“The best profit-maximizing strategy is to own the fastest horse. If I am forced to forecast, my bet is it will be Bitcoin.”

— @PaulTudorJones, May 2020

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“Bitcoin reminds me of gold when I first got into the business in 1976.”

— @PaulTudorJones, May 2020

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“My bet is it will be Bitcoin as the best inflation hedge. I’ve never sat on a horse that long, and I’m going to keep riding it.”

— @PaulTudorJones, October 2025

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Larry Fink, CEO of BlackRock

Larry Fink, CEO of BlackRock

Biography

Laurence Douglas Fink was born on November 2, 1952, in Van Nuys, California, into a middle-class Jewish family. His father, Frederick, owned a shoe store, and his mother, Lila, was an English professor. Fink earned a bachelor’s degree in political science from UCLA in 1974 and an MBA from UCLA’s Anderson School of Management in 1976, where he studied real estate.

Fink began his career at First Boston, where he became one of the pioneers of the mortgage-backed securities market. He was credited with creating the first collateralized mortgage obligation (CMO) and helped build a trading operation that generated over $1 billion in profits. But a devastating $100 million loss in 1986 — caused by an interest rate miscalculation — reshaped his entire philosophy. The experience convinced him that rigorous risk management was the foundation of all sound investing.

In 1988, Fink and seven partners co-founded BlackRock under the corporate umbrella of The Blackstone Group, focusing on fixed-income asset management with an emphasis on risk analytics. BlackRock became independent in 1994, went public in 1999, and grew through a series of transformative acquisitions — most notably the $13.5 billion purchase of Barclays Global Investors in 2009, which made it the largest asset manager on Earth. Today, BlackRock manages over $11.5 trillion in assets. Fink’s net worth is estimated at approximately $1.2 billion. He is widely regarded as one of the most powerful figures in global finance.

Orange Pill Story

Larry Fink’s Bitcoin journey is one of the most dramatic reversals in Wall Street history. In October 2017, speaking at an Institute of International Finance meeting, Fink declared that Bitcoin was nothing more than “an index of money laundering.” He dismissed cryptocurrency as a speculative vehicle with no legitimate use case. As late as 2018, he maintained that Bitcoin was “not a real investment.”

The turning point came gradually. By 2020, Fink began acknowledging Bitcoin as a “global asset.” In 2021, he started describing it as “digital gold” after sustained engagement with technologists, investors, and economists who convinced him of Bitcoin’s fixed supply, decentralized architecture, and potential as a non-sovereign store of value. In June 2023, BlackRock filed an application for a spot Bitcoin ETF — a seismic signal that the world’s largest asset manager was going all-in. On July 15, 2024, Fink told CNBC: “I was a proud skeptic… my opinion five years ago was wrong.” The iShares Bitcoin Trust (IBIT) launched on January 11, 2024, and became the fastest-growing ETF in history, amassing over $37 billion in assets in its first year alone.

Bitcoin Philosophy & Quotes

“Bitcoin just shows you how much demand for money laundering there is in the world.” — Larry Fink, CNBC, October 2017

“We do believe that if we can create more tokenization of assets and securities — that’s what bitcoin is — it could revolutionize finance.” — Larry Fink, Fox Business Interview, July 2023

“Crypto has a differentiating value versus other asset classes… it will transcend any one currency.” — Larry Fink, Decrypt, July 2023

“IBIT is the fastest-growing ETF in the history of ETFs.” — Larry Fink, CNBC, January 2024

“I believe bitcoin is a legitimate financial instrument… I was a proud skeptic, and I studied it, learned about it, and my opinion five years ago was wrong.” — Larry Fink, CNBC, July 2024

“I’m a major believer in bitcoin. I believe it goes up if the world is frightened… It is an asset class that protects you.” — Larry Fink, Nasdaq/CNBC, July 2024

“Bitcoin is an asset class in itself. It is an alternative to other commodities like gold.” — Larry Fink, BlackRock Q3 2024 Earnings Call, via CoinDesk

“If you’re frightened of the debasement of your currency, or you’re frightened of the economic or political stability of your country, you can have an internationally-based instrument called bitcoin that will overcome those local fears.” — Larry Fink, World Economic Forum, Davos, January 2025

“If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.” — Larry Fink, 2025 Annual Shareholder Letter, via Fortune

Involvement with Bitcoin

Larry Fink’s most consequential Bitcoin move was steering BlackRock to file for a spot Bitcoin ETF in June 2023, which was approved by the SEC on January 10, 2024. The iShares Bitcoin Trust (IBIT) launched the following day and shattered every ETF launch record in history, accumulating over $37 billion in assets within its first year and surpassing $70 billion in AUM by 2025. IBIT became the third-largest ETF launch of 2024, trailing only Vanguard’s and iShares’ S&P 500 funds. The approval of IBIT — along with several competing products — marked a watershed moment for Bitcoin’s institutional legitimacy.

Beyond the ETF, Fink has used his annual shareholder letters as a platform to advocate for tokenization of all financial assets, arguing that blockchain technology will transform capital markets the way email replaced postal mail. In his 2025 letter, he explicitly warned that unchecked U.S. debt could cause Bitcoin to displace the dollar as the global reserve currency — an extraordinary statement from the CEO of a firm that manages more assets than the GDP of every country on Earth except the United States and China. BlackRock has also launched a tokenized money market fund (BUIDL) on the Ethereum blockchain, signaling Fink’s commitment to bringing traditional finance onto decentralized infrastructure.

Media Appearances & Coverage

Fink’s Bitcoin commentary has been featured in virtually every major financial outlet. His July 2024 CNBC interview where he declared himself a “major believer” and admitted his earlier views were wrong became one of the most-cited crypto moments of the year. He discussed Bitcoin extensively at the World Economic Forum in Davos in January 2025, where his $700,000 price prediction made global headlines. His December 2025 appearance at the New York Times DealBook Summit with Andrew Ross Sorkin provided a candid retrospective on his evolution from skeptic to champion. Fink’s annual shareholder letters — particularly the 2025 edition warning about Bitcoin replacing the dollar — are treated as major financial events. His views are regularly covered by CNBC, Bloomberg, the Financial Times, the Wall Street Journal, Fortune, CoinDesk, Cointelegraph, Decrypt, and Bitcoin Magazine.

Notable Bitcoin Tweets

Larry Fink, CEO of BlackRock — the world’s largest asset manager with over $12 trillion in assets — underwent one of the most dramatic reversals in Bitcoin history. After calling Bitcoin “an index of money laundering” in 2017, Fink became one of its most powerful institutional advocates, launching the iShares Bitcoin Trust ETF and declaring Bitcoin a legitimate asset class.

“Bitcoin is a legitimate financial instrument. It allows you to have an asset that is not correlated to other assets. I believe it has a role in every portfolio.”

— @BlackRock, July 2024

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“Bitcoin is an international asset. It is digital gold. My opinion five years ago was wrong.”

— @BlackRock

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“Bitcoin is a currency of fear. In countries where people feel threatened by their local currency, by their local government, Bitcoin represents something bigger than any one government.”

— @BlackRock, 2024

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Related Bitcoin Quotes

Nayib Bukele, President of El Salvador

Nayib Bukele, President of El Salvador

Nayib Bukele, President of El Salvador

Biography

Nayib Armando Bukele Ortez was born on July 24, 1981, in San Salvador, El Salvador. His father, Armando Bukele Kattan, was a businessman of Palestinian descent and a prominent figure in El Salvador’s Muslim community, while his mother, Olga Ortez de Bukele, came from a Roman Catholic background in eastern El Salvador. Bukele studied law at the Central American University in Managua, Nicaragua, but dropped out at 18 to pursue business ventures in his family’s conglomerate, which included the Yamaha Motors franchise for El Salvador and an advertising company.

Bukele entered politics in 2012 as a member of the Farabundo Marti National Liberation Front (FMLN), winning the mayoral race in Nuevo Cuscatlan, a small municipality near San Salvador. In 2015, he was elected mayor of San Salvador, where he gained a reputation for modernizing public services and leveraging social media to communicate directly with citizens. After being expelled from the FMLN in 2017, he founded the Nuevas Ideas party and won the 2019 presidential election with nearly 53 percent of the vote, becoming one of the youngest elected presidents in Latin American history at age 37.

Bukele won a second term in February 2024 in a landslide victory. His presidency has been defined by a controversial but popular crackdown on gang violence that dramatically reduced El Salvador’s homicide rate, making it one of the safest countries in the Western Hemisphere. His personal net worth is estimated at roughly $2 million, derived primarily from family business interests. But his global impact on Bitcoin far exceeds any personal fortune.

Orange Pill Story

Nayib Bukele’s orange pill moment was not a quiet conversion — it was a geopolitical earthquake. On June 5, 2021, Bukele appeared via a pre-recorded video at the Bitcoin 2021 conference in Miami, introduced by Strike CEO Jack Mallers, and declared: “Next week I will send to Congress a bill that will make Bitcoin a legal tender in El Salvador.” The announcement electrified the conference and sent shockwaves through global financial markets.

Four days later, on June 9, 2021, El Salvador’s Legislative Assembly voted 62-22 to pass the Bitcoin Law, making El Salvador the first country in the world to adopt Bitcoin as legal tender. The law took effect on September 7, 2021, alongside the launch of the government-backed Chivo digital wallet, which gave every Salvadoran citizen $30 in Bitcoin to start.

Bukele’s rationale was rooted in practical economics: roughly 70 percent of Salvadorans lacked access to traditional banking, and remittances from abroad — primarily the United States — accounted for over 22 percent of the country’s GDP. Bitcoin, he argued, could slash remittance fees and bring millions of unbanked citizens into the financial system. But his vision went beyond pragmatism. Bukele framed Bitcoin as a tool of national sovereignty, a way for a small developing nation to opt out of a financial system that had never served it well.

Bitcoin Philosophy & Quotes

“Next week I will send to Congress a bill that will make Bitcoin a legal tender in El Salvador.” — Nayib Bukele, Bitcoin 2021 Conference, Miami, June 2021 (NPR)

“#Bitcoin has a market cap of $680 billion dollars. If 1% of it is invested in El Salvador, that would increase our GDP by 25%.” — Nayib Bukele, X/Twitter, June 2021

“The US Government DOES NOT stand for freedom and that is a proven fact. So we will stand for freedom. Game on! #Bitcoin is FU money!” — Nayib Bukele, X/Twitter, March 2022

“We are buying one #Bitcoin every day.” — Nayib Bukele, X/Twitter, November 2022

“El Salvador’s #Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our supposed losses…” — Nayib Bukele, X/Twitter, November 2023

“We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory. You can call it our first #Bitcoin piggy bank.” — Nayib Bukele, X/Twitter, March 2024

“Bitcoin hasn’t had the widespread adoption we hoped for… I feel that it could have worked better, and there is still time to make some improvements, but it hasn’t resulted in anything negative.” — Nayib Bukele, TIME Magazine Interview, August 2024

“This all stops in April. This all stops in June. This all stops in December. No, it’s not stopping. If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining.” — Nayib Bukele, X/Twitter, March 2025

“In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy.” — Nayib Bukele, Bitcoin 2021 Conference, via CoinDesk

Involvement with Bitcoin

Nayib Bukele’s Bitcoin involvement is unprecedented in the history of any head of state. Under his direction, El Salvador became the first nation to adopt Bitcoin as legal tender on September 7, 2021. The government launched the Chivo wallet, giving every citizen $30 in Bitcoin and installing over 200 Chivo ATMs nationwide. El Salvador has accumulated over 6,100 BTC in its national treasury through a combination of direct market purchases, a daily buying program, and a Bitcoin citizenship investment program.

Bukele pioneered the use of geothermal energy from El Salvador’s volcanoes for Bitcoin mining, directing the state-owned energy company LaGeo to dedicate 1.5 megawatts of power from the Tecapa volcano to mining operations. The program has produced 474 BTC and generated roughly $29 million in revenue. In late 2024, Bukele proposed expanding this into a “rent your own volcano” program, leveraging the country’s 170 volcanoes as potential mining sites for international operators.

He also unveiled plans for Bitcoin City, a proposed smart city near the Conchagua volcano that would be funded by $1 billion in “Volcano Bonds” (Bitcoin-backed bonds), feature zero income or capital gains taxes, and run entirely on geothermal energy. While the bond offering has been delayed, the project attracted $1.6 billion in private investment from Turkish holding company Yilport in August 2024. El Salvador’s national Bitcoin holdings have moved into a physical cold storage vault within the country’s territory, representing the world’s first sovereign Bitcoin reserve.

Media Appearances & Coverage

Bukele’s Bitcoin 2021 conference appearance in Miami — introduced by Jack Mallers — remains one of the most iconic moments in Bitcoin’s history. He has given extensive interviews to Tucker Carlson (November 2022), where he credited Bitcoin for rebranding El Salvador’s global image and claimed tourism increased 95% since adoption. His August 2024 interview with TIME magazine provided his most candid assessment of Bitcoin adoption’s mixed results. Bukele’s prolific X/Twitter presence, where he frequently posts Bitcoin purchase announcements and engages directly with the crypto community, has made him one of the most-followed political figures in the Bitcoin space. His policies have been covered extensively by NPR, CNN, NBC News, Al Jazeera, CoinDesk, Cointelegraph, Bloomberg, and the Washington Times.

Notable Bitcoin Tweets

Nayib Bukele, President of El Salvador, made history by making his country the first nation to adopt Bitcoin as legal tender in 2021. His bold and often playful tweets about buying Bitcoin dips and building Bitcoin City have made him the most prominent head of state in the Bitcoin movement.

“Welcome to the future. #Bitcoin”

— @naboron, June 5, 2021

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“The US Government DOES NOT stand for freedom and that is a proven fact. So we will stand for freedom. Game on! #Bitcoin is FU money!”

— @nayibbukele, March 23, 2022

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“El Salvador bought today 80 #BTC at $19,000 each! #Bitcoin is the future! Thank you for selling cheap.”

— @nayibbukele, July 1, 2022

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Related Bitcoin Quotes

Michael Dell, Founder & CEO of Dell Technologies

Michael Dell, Founder & CEO of Dell Technologies

Michael Dell, Founder & CEO of Dell Technologies

Biography

Michael Saul Dell was born on February 23, 1965, in Houston, Texas, to a Jewish family. His father, Alexander, was an orthodontist, and his mother, Lorraine, was a stockbroker. Dell showed entrepreneurial instincts from an early age — at 12, he ran a mail-order stamp trading business, and at 16, he earned $18,000 in a single year selling newspaper subscriptions by targeting newlyweds and new homeowners using public records data. At 15, he bought an Apple II computer and immediately took it apart to understand how it worked.

Dell enrolled as a pre-med student at the University of Texas at Austin in 1983 to please his parents, but his real passion was computers. From his dorm room at the Dobie Center, he began upgrading and selling PCs directly to consumers, quickly generating $50,000 to $80,000 per month. In January 1984, he registered his company as “PC’s Limited,” which would later become Dell Computer Corporation. He dropped out of college at 19 to run the business full-time.

Dell Technologies grew into one of the world’s largest technology infrastructure companies, with annual revenue approaching $94 billion. Dell took the company private in a landmark $24.9 billion leveraged buyout in 2013, then brought it back to public markets through an acquisition of EMC Corporation in 2016 — the largest technology merger in history at the time. In 1998, he founded MSD Capital (now DFO Management) to manage his family’s investments, which today oversees more than $16 billion in assets. As of 2025, Dell’s personal net worth is estimated at over $150 billion, making him one of the ten wealthiest people on Earth.

Orange Pill Story

Michael Dell’s relationship with Bitcoin has been a slow-burning evolution rather than a single moment of conversion. In July 2014, Dell Technologies became the largest e-commerce company in the world to accept Bitcoin as payment, partnering with Coinbase to enable purchases across Dell.com. The company even offered a 10% discount on Alienware gaming systems for customers who paid in Bitcoin — a bold move for a Fortune 50 corporation at a time when most businesses wouldn’t touch cryptocurrency.

Within weeks, Dell received an 85 BTC order for a single PowerEdge R920 server, worth over $50,000 at the time. Dell himself celebrated the milestone on social media. The Bitcoin payment program expanded to the UK and Canada before being quietly discontinued in October 2017 due to low consumer demand.

For years after, Dell stayed publicly neutral on Bitcoin — famously telling the New York Times DealBook in October 2021 that blockchain was “probably underrated” but that he would “pass” on giving an opinion about Bitcoin itself. Then, in the summer of 2024, something shifted. Dell posted “Scarcity creates value” on X, retweeted Michael Saylor‘s reply that “Bitcoin is Digital Scarcity,” shared a Cookie Monster meme gobbling up Bitcoin, ran a public poll in which Bitcoin beat out AI and love as “the most important thing,” posted “Fascinating #Bitcoin” in response to a BlackRock CEO interview, and declared “Enjoy #Bitcoin” — all within a matter of weeks. The crypto community took notice. Whether Dell has personally invested remains unknown, but the trajectory from cautious corporate adopter to enthusiastic public commentator is unmistakable.

Bitcoin Philosophy & Quotes

“Scarcity creates value.” — Michael Dell, X/Twitter, June 2024

“Fascinating #Bitcoin” — Michael Dell, X/Twitter, July 2024

“Enjoy #Bitcoin” — Michael Dell, X/Twitter, September 2024

“I think blockchain is probably underrated.” — Michael Dell, New York Times DealBook Interview, October 2021

“Dell is now the world’s largest ecommerce business to accept #bitcoin” — Michael Dell, Twitter, July 2014

“Recieved PowerEdge server order @ dell.com for more than 85 #bitcoin (~$50K USD)” — Michael Dell, Twitter, August 2014

“Bitcoin, I’m going to pass on that. I don’t really know.” — Michael Dell, New York Times DealBook Interview, October 2021

“Technology combined with great distribution can be a really, really powerful thing.” — Michael Dell, Founders Podcast, Episode #385

Involvement with Bitcoin

Dell Technologies was a genuine trailblazer in corporate Bitcoin adoption. In July 2014, the company became the largest e-commerce business on the planet to accept Bitcoin, processing payments through a partnership with Coinbase. At a time when annual revenue approached $57 billion, Dell was roughly four times the size of DISH Network — the previous record-holder for Bitcoin acceptance. The implementation was completed in just two weeks, and the company ran promotional campaigns offering 10% discounts on Alienware products for Bitcoin buyers.

The program expanded internationally to the UK and Canada before being discontinued in 2017 due to low transaction volumes. Despite the pause, Dell’s early move remains a landmark moment in Bitcoin’s commercial history — proving that the world’s largest technology companies could integrate cryptocurrency payments at scale.

In 2024, Dell’s personal engagement with Bitcoin surged on social media, sparking speculation that he might follow Michael Saylor’s playbook and add Bitcoin to Dell Technologies’ balance sheet. The speculation intensified after Dell sold 10 million shares of Dell Technologies stock worth $2.1 billion. However, when the National Center for Public Policy Research (NCPPR) submitted a shareholder proposal in January 2025 asking Dell’s board to evaluate Bitcoin as a treasury reserve asset, the company petitioned the SEC to exclude it — arguing that investment strategy decisions belong to management, not shareholders. The SEC sided with Dell, permitting the company to omit the proposal from its 2025 proxy materials.

Media Appearances & Coverage

Michael Dell’s Bitcoin-related social media activity in the summer of 2024 generated extensive coverage across CoinDesk, Cointelegraph, Benzinga, CoinGape, CryptoBriefing, and Bloomberg. His “Scarcity creates value” tweet and subsequent interactions with Michael Saylor were featured in dozens of crypto and mainstream financial publications. Dell’s early Bitcoin adoption at Dell Technologies was documented by PCWorld, CoinDesk, and The Register in 2014. His 2021 comments on blockchain being “underrated” were covered by Decrypt, Yahoo Finance, and the New York Times. The Founders Podcast dedicated Episode #385 to Dell’s career and philosophy. The 2025 NCPPR shareholder proposal and SEC decision received widespread coverage in CryptoBriefing, CryptoTimes, and CoinPedia.

Notable Bitcoin Tweets

Michael Dell, founder and CEO of Dell Technologies and one of the world’s wealthiest tech entrepreneurs, sparked massive speculation in 2024 when he began posting about Bitcoin on X, engaging with Michael Saylor and signaling growing interest in Bitcoin as a store of value.

“Fascinating. #Bitcoin”

— @MichaelDell, July 2024

View on X →

“Scarcity creates value.”

— @MichaelDell, June 2024

View Source →

“Enjoy #Bitcoin”

— @MichaelDell, September 2024

View on X →

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