Orange-pilled by Michael Saylor, NorthmanTrader CEO now a Bitcoin supporter

Orange-pilled by Michael Saylor, NorthmanTrader CEO now a Bitcoin supporter

There is still room for humility and humor amid a gloomy January for Bitcoin (BTC). A former outspoken Bitcoin critic has flipped bullish on Bitcoin after conversations with Michael Saylor, CEO of MicroStrategy.

What’s more, Sven Henrich, CEO of market analysis firm NorthmanTrader, made light of his change of heart, retweeting a jibe from Twitter account Documenting Bitcoin.

Our top trading bots

Despite his previous comments that Bitcoin “fixes nothing,” Henrich has been following the crypto markets for three years. He tweeted regularly about Bitcoin price action, offering market analysis as reported by Cointelegraph. 

However, he had no intentions of buying. In 2022, he is now a “supporter of Bitcoin.” That means we can expect Heinrich to have an “exposure into Bitcoin this coming year,” write pro-Bitcoin articles such as the detailed and well-researched piece entitled (R)evolution, and even add laser eyes on his Twitter profile picture.

But how did that happen? How do staunch anti-Bitcoin critics cross the void and commit to supporting Satoshi Nakomoto’s innovation?

It appears to have kicked off when one of the biggest Bitcoin bulls, Michael Saylor, gave his two sats during a Twitter conversation between the pair. In July 2021, Saylor extended an olive branch to the CEO, demonstrating to Henrich that he should investigate BTC in more depth.

Shortly after, they hosted a YouTube discussion in which Saylor does his best to orange pill the trader and investment pundit.

Fast-forward seven months and Henrich is writing detailed pieces evaluating the “alternative to an imposed monetary system,” coming to the conclusion that “Bitcoin is such an alternative.”

Henrich explained his current allegiance:

“So to fans of Bitcoin I say this: One of you. To those that are not: Don’t hate, appreciate ;-). That’s what makes a market.”

The article called “(R)evolution, why I am becoming a supporter of #Bitcoin” explains the macroeconomic backdrop, musings around regulation and the asset bubble. It is now pinned to the top of Henrich’s Twitter account. 

Related: JPMorgan CEO says Bitcoin price could rise 10x but still won’t buy it

Saylor and Henrich recorded another in-depth discussion together on Wednesday called “warming to Bitcoin” in which Henrich affirmed that he is “looking to buy.” During the chat, Saylor urged Henrich and viewers to invest more time in studying BTC.

While we’ll have to wait for his announcement of his BTC purchase, it’s another win for Saylor. Undeterred by recent price action as he sets out to orange-pill the world, Saylor said, “We are going to convince everybody.”

Keep reading upon Cointelegraph
Buy pressure ‘in bull market territory’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000.In a surprisingly strong upward move for...
Former SEC official predicts regulator 'will lose on the merits' of case against Ripple
A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple...
Crypto investors face more uncertainty after rocky start to 2022
By John McCrankNEW YORK (Reuters) -Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve...
OpenSea raises $300M for encrypted digital marketplace
The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse. To accelerate this vision, OpenSea...
The Metaverse will bring unbridled evolution to NFTs
Even as nonfungible token (NFT) transactions have taken off and made headlines, to most people outside the crypto world, they’re just a gimmick. The metaverse...
A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey
More than a quarter of Australian crypto users surveyed in October plan to use digital assets as a part of their Christmas presents this holiday season....
Coinbase partners with esports gaming organization competing in League of Legends
Team Liquid, the esports and gaming organization operating across major titles including League of Legends and Fortnite, has inked a four-year agreement...
Blockdaemon secures unicorn status with $155M raise
Blockchain infrastructure developer Blockdaemon has secured its status as a crypto unicorn after concluding a $155 million Series B fundraiser, putting...
DeFi regulation must not kill the values behind decentralization
Cryptocurrency brought us peer-to-peer payments that continue to elevate participation in the global economy for millions of people without access to traditional...
Large VCs are sidelining smaller crypto investors, PwC crypto lead says
As cryptocurrency continues to take over mainstream finance, formerly cautious investors across the globe are rethinking their stance of counting crypto...
Gone in 31 seconds: Yield Guild Games’ IDO raises $12.5M from just 32 participants
Yield Guild Games (YGG), a collective of play-to-earn gamers, completed its initial DEX offering via SushiSwap’s Miso platform in under a minute earlier...
Willy Woo: 'Rick Astley' hodlers a key force again and on-chain signals suggest 'recovery'
Bitcoin technical analyst Willy Woo believes that this is not a bear market because on-chain indicators are signaling a recovery and the asset is still...
Ethereum ETFs are here, building case for US approval of BTC and ETH funds
Unlike its neighbor to the south that continues to procrastinate, Canada seems to be fast-tracking crypto assets — as evident again last week in its regulatory...
Bitcoin can reach $400K in 2021 as 'risk-off reserve asset' — Bloomberg
Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a "risk-off" choice for investors.In...
Investing in Crypto Is a Good Opportunity for Millennials
The cryptocurrency market can turn out to be exactly what it takes to attract millennials to tradingThis opinion was expressed on the CNBC by a chief analyst...