- Saylor has not sold any of the BTC he personally holds and which he has a value of $1 billion, thereby proving his confidence in the asset.
- Saylor denotes Bitcoin as a special opportunity to create and protect intergenerational wealth, noting the advantages compared to traditional investments.
- To him, high volatility is a source of better performance and hence, manages his purchases according to reduced price levels.
Michael Saylor, the co-founder of MicroStrategy has recently come out endorsing Bitcoin. During a recent interview with Bloomberg, he stated that he has not dumped any of his stake. Although the cryptocurrency has its fair share of ridicule in the market, Saylor still has about one billion US dollar worth of Bitcoins. This way, his firm belief in the superiority of Bitcoin as a long-term capital asset reflects a rational planning of his wealth management plans.
Essentially, Michael Saylor has great confidence in Bitcoin. He believes in Bitcoin to generate ‘generational wealth’ claiming that it is different from any form of investment. Bitcoin can be configured for easy selling or for holding in the long term without the need for constant trading. According to Saylor, Bitcoin can be stored and accessed securely anywhere in the world, which is why it remains the best store of value.
Forbes magazine puts Saylor’s worth at $4.2 billion making Saylor position 795 on the list of super-rich millionaires globally. He lost a lot of money during the dot-com bubble but was able to bounce back to the limelight as a promoter of Bitcoin today. Market fluctuations have not deterred him, saying that this has been the worst period he has personally seen and that has made him even more firm on his decision to invest in assets that hold long-term potential.
Market Volatility and Long-Term Capital Strategy
Saylor has also made clear that the market value changes are fine and not a bug. He stated that the volatility is leverage for Bitcoin hence it outperforms and is more durable than fiat money. Saylor does not regard market fluctuations as threats but as good chances of getting into the market. He has led MicroStrategy in the purchase of Bitcoin when the market is low.
For Saylor, bitcoin is an investment in capital, assets that can be held over long periods of time, such as over three decades. He continues to highlight the strengths of Bitcoin as a store of value over real capital and financial capital by explaining that the Bitcoin has strong foundations from external economic forces. This is quite different from conventional investment approaches that focus on short-term profitability because Saylor continuously highlights the long-term worth of Bitcoin.
The post Michael Saylor’s Unshakable Faith in Bitcoin: ‘Superior to Every Other Option appeared first on Crypto News Land.