According to Michael Saylor and his take on "Diversification"
"Diversification makes sense when you dont know the answer and you dont want to make a mistake"
That’s his own silly take on diversification, just trying to push the hype of going all in on Bitcoin. Sure, we can call him out for it, but we shouldn’t take his advice too seriously since he’s thinking long-term, and to think that the Bitcoins he’s buying aren’t even from his own pocket. Still, if you want a proper idea of diversification, just check what Wiki says about it as they’re usually on point, even though Elon Musk once offered money to change their name."Diversification makes sense when you dont know the answer and you dont want to make a mistake"
Elon Musk offers $1 billion to Wikipedia to change their name to ‘Dickipedia’
A good one for sure
And I agree - Saylor follows his own agenda. Everybody has their own heads on their shoulders to think and act accordingly.
However we don’t fully know what his other agendas might be with his aggressive Bitcoin buying. There are critics calling him out for hyping Bitcoin and encouraging others to follow without properly considering the risks. It’s like he’s so focused on accumulating that he doesn’t even acknowledge the risks involved.
The only difference is that he can afford that kind of behavior - because he wouldn't stop there and would try to make others think the way he would like to.
And that's what should be remembered, even if he does something good for Bitcoin.