In a world where the only constant is change, Michael Saylor, the ever-optimistic Bitcoin advocate and the mastermind behind MicroStrategy’s Bitcoin strategy, has found a new canvas to paint his digital dreams. This time, the spotlight is on Jetking, an Indian company that has just made a historic move, much to the delight of the global financial community. 🎉
Jetking, a name that has long been a household word in India, has become the first publicly listed company in the country to embrace the Bitcoin Standard. This bold decision, championed by Jetking’s CFO, Siddarth Bharwani, was the subject of a recent interview with Saylor, where they delved into the company’s strategic shift towards the digital currency. 🌐
Jetking is India’s first publicly traded company to adopt the Bitcoin Standard. CFO @SidBharwani of @JetkingLtd explains why in the interview below:
Timecodes:
00:00 – Intro
01:53 – The story of Jetking; Who is Siddarth Bharwani?
04:47 – Why adopt Bitcoin for Jetking’s balance…— Michael Saylor⚡️ (@saylor) February 9, 2025
When the news broke on February 9, 2025, it sent shockwaves through the markets. Bitcoin’s price, always the mercurial child of the financial world, leaped from $45,000 to $47,500 in a mere hour. Trading platforms like Binance and Coinbase saw a 20% surge in volume, with 35,000 BTC changing hands in just two hours. 📈
In India, local exchanges like WazirX also experienced a 15% increase in Bitcoin trading, with more than 1,200 BTC traded in no time. The excitement wasn’t confined to Bitcoin; Ethereum and other major cryptocurrencies saw a 5% price increase, reflecting a broader wave of optimism. 🌟
The decision by Jetking mirrors the strategy of MicroStrategy, the U.S.-registered firm under Saylor’s stewardship. When asked about the concerns surrounding Bitcoin’s volatility and regulatory challenges, Bharwani, with a sly smile, quipped, “We see Bitcoin as a long-term asset that will help us build a financially resilient future. After all, why settle for the mundane when you can embrace the extraordinary?” 🚀
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2025-02-10 13:25