Why Michael Saylor Says Bitcoin Is the Ultimate Long-Term Bet?

Michael Saylor urges investors to hold Bitcoin long-term, citing key conditions. Explore his strategy and its impact on MicroStrategy's performance.
By Coingape Staff
Why Michael Saylor Says Bitcoin Is the Ultimate Long-Term Bet

Highlights

  • Michael Saylor recommends holding Bitcoin for 10+ years, calling it a hedge against inflation.
  • MicroStrategy owns 402100 BTC, currently valued at over $40.12 billion.
  • MSTR stock performance mirrors Bitcoin’s price, appealing to institutional investors.

Michael Saylor, Executive Chairman of MicroStrategy, continues to advocate for Bitcoin as the ultimate long-term investment. He describes it as a reliable store of value in an inflationary environment and a superior alternative to traditional assets. Besides, Saylor urges investors to focus on a decade-long horizon, using spare capital to accumulate Bitcoin steadily. He believes BTC’s potential to appreciate against fiat currencies outweighs its near-term volatility, making it a solid choice for long-term wealth preservation.

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Saylor’s Strategy and Social Media Insights

As per Yahoo Finance, Michael Saylor remains unwavering in his advocacy for Bitcoin as a long-term investment. In an interview following Bitcoin’s (BTC-USD) historic surge past the $100,000 mark, the executive reiterated his belief that cryptocurrency is a superior store of value and a vital asset in a digitizing world.

“Every day for the past four years, I’ve said buy bitcoin, don’t sell the bitcoin,”

Saylor stated, emphasizing his consistent approach to accumulating the asset. He described his strategy as “a very simple idea” of continually purchasing Bitcoin with spare capital, predicting its perpetual appreciation against the dollar.

Meanwhile, the MicroStrategy leader advises investors to think long-term, recommending they allocate funds they won’t need for at least four to ten years into Bitcoin. “I say dollar cost average into BTC every quarter,” he added, urging individuals to disregard short-term volatility.

Highlighting the company’s success, Michael Saylor explained how MicroStrategy generates “massive amounts of shareholder value” through its BTC holdings. He encouraged investors to hold Bitcoin, noting that understanding its applications isn’t necessary to benefit from its long-term growth. “You just need to hold your Bitcoin and let us drive the price up,” he concluded.

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Bitcoin’s Impact on MicroStrategy

Under Michael Saylor’s leadership, MicroStrategy remains the largest corporate holder of Bitcoin, with 402,100 BTC in its portfolio. According to Saylor Tracker, these holdings were acquired at a total cost of $23.48 billion, with a dollar cost average of $58,402.88 per BTC.Why Michael Saylor Says Bitcoin Is the Ultimate Long-Term Bet

Currently, the portfolio’s value has surged to $40.12 billion, reflecting an unrealized profit of $16.64 billion. This translates to an impressive 70.86% gain over the initial investment. MicroStrategy’s Bitcoin strategy has strengthened its market position, contributing significantly to shareholder value. This approach highlights the long-term potential of cryptocurrency as a valuable asset.

Bitcoin (BTC) price was currently trading at $99,508, with a 24-hour high of $101,923, marking a 1% increase in the last 24 hours. Meanwhile, MicroStrategy’s (MSTR) stock price is trading at $395, up by 8% from the previous day. Hedge funds are increasingly bullish on the stock as BTC surpasses $100,000. For more, read Hedge Funds Bet Big As BTC Breaks $100K.

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Coingape Staff
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