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Michael Saylor: Bitcoin is the most reliable thing in an unstable world
The short-term volatility of bitcoin does not matter if there is an understanding of the foundations of the leading cryptocurrency and how difficult it is to create something better. This opinion was expressed by the head of Microstrategy Michael Sailor in an interview with The Block.
“Bitcoin is the most reliable thing in a very unstable world. It is more reliable than the other 19,000 cryptocurrencies than any promotions than ownership of property anywhere in the world, ”the top manager emphasized.
In his opinion, people who invested at least $ 100 can talk about cryptocurrencies in bitcoat. Otherwise, they “probably have nothing to say about it,” said Seilor.
Commenting on the collapse of Terra and the subsequent correction of the market, the head of Microstrategy doubted that what was happening is evidence of the bear phase.
“I don’t know whether it is a bearish market or not, but if it is it, then over the past 24 months we had three of them,” he emphasized.
Seilor added that he prefers not to get involved in short -term prices. According to him, people who pay too much attention to schedules “guess on coffee grounds”.
“If you do not plan to keep it [bitcoin] for four years, you are not an investor at all, you are a trader, and my advice is for traders: do not trade them, invest in it,” concluded the top manager.
Microstrategy was the first of public companies to invest part of its own capital in digital gold. Since December 2020, the company began to use Bitcoin, including debt financing.
In March 2022, Microstrategy attracted a loan of $ 205 million on security of its cryptocurrency savings. Later, its unit – Macrostrategy – acquired 4167 BTC for $ 190.5 million.
According to Bitcoin Treasuries, the supplier holds on balance 129 218 BTC – a little more than $ 4 billion at the rate of writing at the time of writing.
Recall that in May Saylor announced the lack of plans to sell bitcoins from the company. In the same month, https://gagarin.news/news/virtual-clothes-by-mark-zuckerberg/ he promised to continue purchases of the first cryptocurrency.