Michael Saylor, founder and chairman of MicroStrategy, gave a clear message about Bitcoin investment in interviews.
Saylor, who owns around $54 billion worth of Bitcoin through his company, said he has no plans to sell it despite a 70% profit in paper.
Saylor has repeatedly made long-term trust in Bitcoin, saying, “I will continue to buy from the top. Bitcoin is my exit strategy.” According to Saylor, Bitcoin is now in the trillion dollar asset class in the same league as giants like Apple, Google and Microsoft. However, Saylor pointed out an important difference. “BTC is not a company, it’s an asset class. The capital structure of a company is not large enough to house trillions of dollars in savings.”
Saylor said Bitcoin competes with traditional stores of not only tech giants but also value instruments such as Gold, S&P Index and Real Estate, and Bitcoin is technically superior in comparison to these asset classes.
Saylor concluded that “there is no reason to sell the winner and buy the loser.”
*This is not investment advice.
