MicroStrategy co-founder Michael Saylor expressed optimism for Bitcoin trading in an interview. However, the most interesting part of the interview was Michael Saylor's preference for investing in Bitcoin over MicroStrategy stock. The remarks came as Bitcoin prices have fallen nearly 1.5% in the past 24 hours, while MicroStrategy shares have risen 3%.
Michael Saylor prioritizes Bitcoin
At the Abundance Summit, MicroStrategy's Michael Saylor shocked everyone by making a surprising statement that gave Bitcoin more credibility than the company's stock. Although Thaler believes Bitcoin will last “for centuries,” he and his business are temporary, he said.
MicroStrategy Bitcoin Holdings
Currently, MicroStrategy is attracting a lot of attention as it continues to increase its Bitcoin holdings as the cryptocurrency market is experiencing chaotic trading. According to recent acquisitions, MicroStrategy has previously added more BTC to its reserves than some of the world's most powerful governments, including the United States and China.
Meanwhile, Saylor's bold move shows his unwavering faith in BTC despite the recent price drop. Additionally, MicroStrategy currently holds approximately 1% of the total BTC supply.
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Michael Saylor’s optimism for BTC is nothing new
Michael Saylor's optimism about Bitcoin is not new, but it's been around for years. In a recent interview with CNBC, he also expressed optimism for Bitcoin. Thaler contends that BTC will surpass gold due to its unique advantages and exciting future growth prospects, as opposed to traditional precious metals.
He specifically mentioned the impending April halving event as the main factor for the expected surge in BTC prices. Michael Saylor explained the rationale for the halving, stating that it is expected to slow the creation of new Bitcoin and limit the natural supply from sellers, which would increase demand and drive the price down. He pointed out that it would push it up. Saylor’s comments highlight the growing competition between BTC and gold, demonstrating BTC’s superiority as an alternative store of value.
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