DELL CEO hints at embracing BTC? Tried 7 years ago, 10% off on computers with BTC

Dell’s Twitter Post Attracts Michael Saylor’s Attention

Dell Technologies CEO Michael Dell, who is known for developing, selling, maintaining, and supporting computers and related services, has recently sparked discussion among cryptocurrency enthusiasts with comments suggesting a possible acceptance of Bitcoin (BTC).

On June 21, Michael Dell tweeted “Scarcity creates value,” a phrase often associated with Bitcoin, as Bitcoin’s supply is capped at 21 million coins amid growing demand. The tweet caught the attention of MicroStrategy CEO and well-known Bitcoin advocate Michael Saylor.

Later, Dell shared a humorous meme in which Sesame Street’s Cookie Monster is munching on Bitcoin instead of his usual chocolate chip cookies. While amusing, the post sparked speculation about Dell’s potential interest in cryptocurrency, though it doesn’t necessarily indicate a full-on investment like Saylor’s holdings of a large amount of Bitcoin.

Dell’s Current Assets Do Not Include Bitcoin

Despite these social media interactions, Dell’s current assets do not include Bitcoin holdings as of May 3. While speaking with Saylor, Michael Dell launched a poll on X, asking the question: "What do you think is the next big breakthrough in technology?" The options provided included quantum computing, artificial intelligence (AI), blockchain, and space technology.

As of 1:09 p.m. ET, with 19 hours left, blockchain led the poll with 37.6% of the votes (13,406 votes). Considering that there is still nearly a day to go, the results may change a lot.

Dell accepted Bitcoin payments in 2014

Dell's cooperation with Bitcoin can be traced back to 2014. As early as June 18, 2014, DELL had cooperated with Coinbase, which had been established for more than two years, to accept Bitcoin payments. At that time, the company also posted a "Bitcoin Accepted Here" sign on the press release, indicating that buyers could enjoy a 10% discount and save up to $150 by purchasing DELL's gaming series Alienware with Bitcoin. Dell was founded by Michael Dell in 1984 and has now grown into one of the world's largest personal computer suppliers.

Source: DELL 8211

DELL even provided a beginner's guide at the time to introduce customers to the basic concepts and technologies of Bitcoin and its potential. At the same time, DELL showed a demonstration of Bitcoin checkout on its website, emphasizing that this was not an "indirect transaction" like buying a gift card, but a real Bitcoin payment.

Source: DELL 8211

Despite the initial enthusiastic efforts, Dell stopped Bitcoin payments in 2017 due to lack of demand. In the same year, several well-known brands including Steam also stopped accepting Bitcoin due to network congestion and high transaction fees at the time. The following year, in 2018, Expedia stopped accepting Bitcoin directly.

Shortly after DELL announced that it would stop accepting Bitcoin, Bitcoin ushered in a huge rally at the end of 2017. As of December 17 of that year, its price soared to $19,891.99, setting a record high. When DELL accepted Bitcoin, the price of Bitcoin was only about $620, compared with the current price of about $55,000 as of press time, the price has increased by 88.7 times. At that time, the $150 saved by the discount is now worth $13,770.

Source: TradingView 8211

Bitcoin fell below $63,000, Ethereum hit $3,400

Bitcoin continued to fluctuate in a narrow range of $64,000 over the weekend, but it started a new wave of decline around 4 a.m. this morning (24), and fell to $62,903 at around 8 a.m., the lowest point since mid-May.

Source: OKX

As of now, it is $63,099, down 2.32% in the past 24 hours. Whether it will continue to fall to $60,000 has become the focus of investors.

Source: OKX