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Michael Seilor called the right decision Microstrategy to invest in bitcoin
Buying the first cryptocurrency as a backup asset was justified, in the future, Bitcoin will confirm its reliability. This was stated by the ex-head of Microstrategy Michael Sailor in an interview with Stansberry Research.
“After acceptance Strategies We knew that we would lose 20% of our purchasing power of reserves per year if we stored on a bank account. We could suffer […], but we got into the life boat of the first cryptocurrency with the understanding that we would throw us in the ocean, but we will not drown this step over time ”, – Sealor emphasized.
Bitcoin maximalist said that two years after the first investment in the amount of $ 250 million, the asset surpassed competitors.
“The first cryptocurrency increased in price by 101%, s&P 500 – by 23%, NASDAQ – by 15%. Bonds fell into 12%, gold – 15%, silver – by 18%. The only tool that showed the best dynamics is Microstrategy shares (166%growth) “, He explained.
According to Seilor, the volatility of cryptocurrencies will only affect short -term investors and public companies, and Bitcoin is not suitable for everyone. Those who bought a coin over the past three to six months are sitting at a loss, faced with the consequences of tightening the Fed’s policy and Terra collapse.
“It should be invested for a period of at least four years. Ideally, this is the transfer of wealth from generation to generation. Metric, which confirms this, is a sliding average in four years “, – Sailor explained.
As of June 30, 2022, Microstrategy owns 129,698 VTS (almost $ 4 billion at the time of writing).
Recall that in early August, Seilor reserved the post of CEO of the company, retaining the post of chairman of the board of directors.
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