MicroStrategy founder and CEO Michael Saylor recently revealed the number of bitcoins he has accumulated.
In an interview with Funky Crypto Podcast, Saylor said, “I bought 88,000 Bitcoins through MicroStrategy or other entities I control. And I have never sold a Satoshi.” According to the data, currently Bitcoin The price of the currency has exceeded 29,000 US dollars, and the value of Saylor’s Bitcoin has exceeded 2.5 billion US dollars. In the interview, when asked whether Bitcoin investors should sell at a time when Bitcoin continues to hit new highs, Saylor stated that he advocates a long-term holding strategy.
He mentioned, “I think the way to use Bitcoin should be as a long-term savings account. So, if you want to use some of your money for gambling or speculation, you can use this money to invest in new businesses or cool things. If you want to save another part of the money for 20 or 30 years, then put it in Bitcoin. Just put it there, don’t be bothered by those fluctuations.”
Saylor, for example, said, “If you sell for $27,000 and then wake up one morning and find that it has risen to $82,000, or $167,000, or even $1 million, how would you feel? When When it rises to $1 million, don’t you feel like you are stupid?”
Saylor also stated that he believes that the volatility that Bitcoin experienced during its first decade is unlikely to occur again in the future.
He explained, “In the first ten years, Bitcoin was dominated by a group of traders who used leverage on offshore exchanges. They were speculators. After March of this year, participants in the market include insurance companies and companies. , Treasury bonds, institutional investors. They buy these things to hold them for ten years as a tool to hedge against inflation. They don’t use leverage, they don’t use offshore exchanges, they are not speculators.”
Saylor believes that the mentality of these investors is, “I want to hold it for 10 years. What better thing can I buy? If I sell it, I will have a tax bill and buy some inferior things. So, they won’t sell it, which means you won’t see that kind of volatility. Since March, the volatility of Bitcoin is decreasing, while the volatility of everything else is increasing. Bitcoin is changing from Its first 10 years shifted to its next 10 years. Now it is a more mature asset.”
