This week, Bitcoin achieved a significant milestone by surpassing $100,000 for the first time in its history.
Michael Saylor, the executive chairman of MicroStrategy, is one of the most passionate advocates of Bitcoin and is among the most vocal in his celebration of the event.
For Saylor, the success of Bitcoin is not merely a cause for celebration; it is a testament to a strategy that he has advocated for years: “Buy Bitcoin and Never Sell.”
Saylor disclosed his uncomplicated strategy for Bitcoin investing during an interview with Yahoo Finance. “For the past four years, I have consistently said that you should purchase Bitcoin and hold onto it, never selling,” he stated.
Treat Bitcoin as a long-term investment—a philosophy that is both straightforward and profound. Regardless of whether Bitcoin is experiencing a bear market or achieving new highs, Saylor recommends that investors utilize their spare capital to acquire Bitcoin and maintain it for the long term.
Additionally, he stated, “It is unnecessary to comprehend each Bitcoin application. Consider it as a long-term capital asset that you will not access for a minimum of four to ten years.”
Saylor’s enthusiasm for Bitcoin is not merely personal; it is also an essential component of MicroStrategy’s business strategy. The organization has rebranded itself as a “Bitcoin treasury corporation” since 2020. MicroStrategy has implemented an aggressive conversion of its surplus funds into Bitcoin, anticipating that the cryptocurrency will continue to appreciate in relation to the dollar.
This strategy has undoubtedly generated substantial shareholder value, despite the fact that it has divided opinions on Wall Street. MicroStrategy has established itself as a prime example of long-term crypto investment by dollar-cost averaging its Bitcoin purchases and maintaining them despite market volatility.
According to Saylor, Bitcoin is a superior repository of value in comparison to conventional currencies such as the U.S. dollar, which is the reason for his confidence in the currency. Saylor regards Bitcoin as a safeguard against economic uncertainty, as inflation diminishes the purchasing power of fiat money.
Saylor has characterized the $100,000 milestone as a critical juncture in the cryptocurrency’s trajectory. He even proposed that the Bitcoin community commemorate this accomplishment in a grand manner.
The advice that Saylor offers to those who wish to emulate his approach remains unchanged: refrain from becoming entangled in market volatility. He emphasized that the keys to unleashing the potential of Bitcoin are patience and a long-term perspective, stating, “Just keep purchasing Bitcoin.”
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