Michael Saylor Doesn’t Care about Crypto Winter, Wants More BTC
For Michael Saylor, CEO of Microstrategy and Bitcoin evangelist, BTC is everything – and he makes sure to communicate that clearly to his audience.
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While the crypto market continues to fluctuate, sowing panic among investors and regulators alike, Saylor regularly takes to Twitter to churn out encouraging messages about the future of BTC.
His recent tweets include “Gold is plentiful. Bitcoin is scarce, “fix the money, fix the world”, “Bitcoin is the antidote to chaos”, and “1 BTC = 1 BTC”, “the sound ethical, economic & technical foundation for DeFi is #Bitcoin. The next generation of DeFi will be built using the #Lightning protocol and the #BTC token.”
“Since August 2020 when we embarked on this journey, Bitcoin has performed 10 times better than anything else. Gold is down 10%. NASDAQ is flat. Bitcoin is up 86% since that time. Over any time – 2 years, 4 years, 8 years – Bitcoin is the best performing asset. I can’t come up with a better idea,” he noted in an interview with CNBC on June 15, saying that he’d consider buying more BTC.
If your time horizon is one month, it looks like a volatile risk asset. But if your time horizon is 10 years, it looks like a risk-off store of value asset so the crossover point is four years. Nobody’s ever lost money investing in Bitcoin for four years.
Said Saylor.
An avid fan, Saylor has recurrently emphasized his commitment to the mother-of-all-crypto, buying BTC worth millions of USD. In April, his company revealed that between February 15, 2022, and April 4, 2022, “MicroStrategy, through its wholly-owned subsidiary, MacroStrategy LLC, acquired approximately 4,167 bitcoins for approximately $190.5 million in cash, at an average price of approximately $45,714 per bitcoin, inclusive of fees and expenses.”
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