Dell CEO posts meme about Cookie Monster eating Bitcoins and says: “Scarcity creates value”

Michael Dell, CEO of the multi-billion dollar technology company Dell Technologies, has just taken his first steps in the Bitcoin business and his latest joke has indeed caused a stir.

It all started when Dell tweeted, “Scarcity creates value.” Then came Michael Saylor, the possibly Bitcoin-obsessed CEO of MicroStrategy, who couldn’t resist jumping in with a hashtag response: “Bitcoin is digital scarcity.” Dell, apparently intrigued, hit the retweet button faster than you can say “blockchain.”

Here’s the kicker: Dell later shared a meme of Sesame Street’s Cookie Monster, likely generated by an artificial intelligence or photoshopped (is that still a term?), to show the blue fluff ball munching on bitcoins instead of his usual chocolate chips. And let’s be honest, who among us hasn’t felt like the Cookie Monster at some point when eyeing those tempting crypto gains? The meme coin lords and dwarves of the crypto community may exhibit the same tendencies that the Cookie Monster has been associated with.

This little X-exchange doesn’t mean that Dell is now going all-in on Bitcoin like Saylor (who is sitting on a whopping 226,331 BTC worth $15 billion). But it does make people wonder: Has the tech billionaire caught the crypto bug? Maybe, just maybe.

Let’s think about the symbolism of the Cookie Monster for a moment. On the one hand, it could represent some people’s insatiable appetite for acquiring bitcoins – you know, that “I have to have more” feeling.

But there’s a flip side. Cookie Monster has evolved over the years and now symbolizes the opposite of what the character was known for – teaching children moderation and self-control. So maybe Dell is hinting at a more moderate approach to cryptocurrency. Or heck, maybe he just thought it was a funny meme. After all, even billionaires aren’t immune to the appeal of internet humor.

While Dell Technologies comfortably sits at $34.6 billion in current assets (including a not-too-shabby $5.8 billion in cash), Bitcoin is nowhere mentioned in their recent filings, so for now, this looks more like a playful flirtation than a full-on engagement with Bitcoin and cryptocurrencies more broadly.

Today it’s a Cookie Monster meme, tomorrow it could be… well, who knows? One thing is for sure though – the crypto industry will be watching Dell’s next moves closely. 👀