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MicroStrategy CEO Michael Saylor recently held a live keynote with Block Inc. CEO Jack Dorsey, where the two executives discussed the principles behind Bitcoin and what it holds for the near future.

The session was part of the World 2022 annual conference, which focused on how organizations can leverage MicroStrategy's business intelligence services for enterprise analytics. The discussion also delved into the fundamental principles behind Bitcoin and how it has helped bring about a whole new financial system that runs counter to the centralized principles that currently exist.

"Many of us probably started using Bitcoin out of curiosity, and it's led us more and more down a path [about] how the world works and what some of the best solutions to the problems we all face and we all see are." Dorsey shared.

According to Dorsey, he is "very passionate" about Bitcoin as a cryptocurrency that works with the Internet, which itself was built on the open source movement of the early 1990s.

"There's a way to build for the Internet, to build for the world, to be trustworthy, to be open, to be inclusive of anyone who wants to participate. We don't usually see that in the corporate world that we tend to live in." said Block Inc.'s chief executive officer.

Dorsey believes that Bitcoin opens up the possibility of an open and inclusive financial system that is designed to work from the top down, as opposed to the current range of financial influence, whether it's the various governments that run central banks or what he calls "corporations. financial system."

Dorsey continues to delve into how this critical difference that Bitcoin makes can be developed in a way that "builds the world" and invites all participants to actively contribute to its growth and development.

"It gave me a lot of lessons and reminders about why the Internet is so important and what we can do to make sure that people cross paths with this technology and that they trust it. If they have an idea of how to make it better, safer, more accessible and more securely protected, they can contribute." Dorsey shared.

The interview and conference coincided with MicroStrategy's recent purchase of 660 bitcoins for approximately $25 million, and the company further expanded its balance sheet by purchasing $3.87 billion worth of BTC at an average price of $30,200 per unit. Notably, the company's own common stock of $MSTR is trending downward, though. The business intelligence company's enterprise software business has profited from its bitcoin holdings, with a price margin of about $750 million since it began including bitcoin on its balance sheet.

Disclaimer: This article is for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.