Saylor explained during an interview with Jordan B. Peterson on June 9 that the turning point came during the COVID-19 lockdowns, when interest rates were close to zero and central banks were pumping money into the economy.

At that time, Strategy had $500 million in cash, but that cash was no longer being put to good use.

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Saylor said the restrictions brought by the pandemic made regular life and work feel lifeless. According to him, small businesses were hit the hardest, while big investors and financial markets bounced back quickly.

He called it a divide between “Main Street” and “Wall Street”, where everyday people struggled while those with assets came out ahead.

Saylor realized that keeping all that cash in a low-interest world was a problem. It was not earning anything, and with inflation rising, its value was slowly disappearing. He thought about several options, including property, stocks, and even art.

During this search, he reached out to Eric Weiss, who had experience in the crypto industry. Until then, Saylor had mostly ignored Bitcoin, especially after seeing it crash in 2018.

However, the conversation sparked his interest. He started reading, watching videos, and listening to podcasts to learn more. Over time, Saylor came to believe that Bitcoin could act as a kind of digital gold, a way to store value without relying on governments or central banks.

Recently, Saylor expressed concerns about how companies handle proof-of-reserves during the Bitcoin 2025 conference in Las Vegas. What did he say? Read the full story.

March 18th Lockdown Crypto: Bitfinex Trader’s Ultimate Security Checklist

There is one better thing than easy trading, and it is Trade with peace of mind. Security is at the heart of everything you do with Bitfinex. Best position to protect your accounts and funds. Whether you’re a veteran trader or just starting out, taking the right steps will help you keep your money safe from cyber threats and phishing attempts.

How Bitfinex keeps your account secure

1. Cold storage and multi-tier security

• Cold Wallet: It stores 99.5% of user funds in offline multi-signature wallets, keeping assets away from online threats. になったんです。 English: The first thing you can do is to find the best one to do.
• Hot Wallet: Only 0.5% of crypto assets accessible in a hot wallet for daily platform operations. になったんです。 English: The first thing you can do is to find the best one to do.
• Multi Signature Security: Our cold storage requires approval for all transactions via three of the five hardware security modules (HSMs) held by internationally distributed management team members, preventing the funds being accessed or withdrawn on their own.

2. Defense against cyber threats and fraud

• DDOS Protection: Our platform includes intelligent load balancing and real-time malicious traffic detection to ensure uptime even during high-risk events.
• AI-driven fraud surveillance: Use an advanced system to detect abnormal activity and block unauthorized access.
• Regular security audits: Our security teams conduct routine external security audits to maintain a fundamentally hostile environment due to potential intrusions.

3. Security Upgrades and Best Practices

• Latest Systems: We always maintain modern Linux systems to host our platform and ensure protection using the best security practices.
• Constant monitoring: The platform is being continuously monitored, updated and strengthened to stay ahead of new threats.

What you can do to stay safe

Enable 2-Factor Authentication (2FA) – No excuses!

• Configure the hardware or software 2FA: These methods add an additional layer of security for logging in, generating and withdrawing API keys. It supports both 2FA apps and hardware security keys. Additionally, the hardware key can be configured with withdrawals and trade permits.

Check your account – more security, less hassle

• Easy account recovery: If you lose access, validation simplifies the process.
• Reduced withdrawal restrictions: Enjoy faster dispute resolution and reducing restrictions.
• Protection from spoofing: Validation protects you from attempts to impersonate

Sets outgoing protection

• Enable the withdrawal whitelist: Restrict withdrawals to reliable addresses only.
• Latency for the new address: The new withdrawal address will go through a waiting period as an additional security measure.
• Action monitoring: Our security systems monitor withdrawals due to IP addresses and user behavior, and trigger inspections for abnormal activity.

Be careful about account access

• Normal login history check: Please check your login history regularly. If something goes wrong, act quickly.
• Alert setup: Enable email for logins and drawers.
• IP address restrictions: For advanced users with static IPs, restrict account access to specific IP addresses to prevent unauthorized logins.
• Instant Account Freeze: If you find suspicious activity, you can instantly freeze your account via email notifications to BitFinex Support.

Protect your email and password

• Use a unique and strong password: Use the Password Manager to generate and store complex passwords.
• Enable 2FA by email: This prevents hackers from resetting their credentials.
• Beware of fraud: Bitfinex does not require a password. If someone does that, it’s a scam.

Use advanced API key permissions (for API users)

• Customize API Keys: Sets advanced read/write permissions for a specific feature.
• Restrict access: Increase security when using automated trading or integrations. Restricts key access to IP addresses that have API key access whitelisted.
• Safe Usage: Make the most of Bitfinex’s REST and WebSockets API. Use private API keys to securely authenticate requests, such as creating orders, displaying balances, and more.

For more information about API features, please see here

For more information about comprehensive security features, click here

When is the best time to secure your account? yesterday. The next best time? Right now. It will take a few minutes Please check and update your security settings!

Your security is our priority!

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