Michael Saylor, the executive chairman of MicroStrategy Inc., reaffirmed his commitment to Bitcoin investment in an interview on Bloomberg Television.
He revealed that he holds a significant amount of Bitcoin, totalling at least 17,732 BTC. This figure was disclosed four years ago, and he has not sold any of his holdings since then. Instead, he continues to buy more.
Although recent market volatility has caused Bitcoin prices to fall below $50,000, Saylor sees this volatility as a benefit rather than a negative aspect of the cryptocurrency. He contends that major financial possibilities and wealth creation occur globally due to this volatility.
Saylor Continues to Add More Bitcoin Quarter by Quarter
In the interview, Saylor emphasized his belief in Bitcoin as a prime investment choice for individuals, families, corporations, and even entire nations. Saylor’s confidence in Bitcoin remains unwavering. He stated:
“Bitcoin is a capital investment you can hold for decades that a corporation, competitor, counterparty, or country can’t take away from you. It will create generational wealth for your family, corporation, or country … I can’t see a better place to put my money.”
Saylor has been leading MicroStrategy, which has also been actively collecting Bitcoin. At the end of the second quarter of 2024, the corporation stated that it had 226,500 Bitcoins. This enormous investment, which is estimated to be worth $12.9 billion at the current market value, solidifies MicroStrategy’s lead as the biggest corporate Bitcoin holder.
Saylor stated that he and MicroStrategy continuously buy Bitcoin every quarter, demonstrating their long-term investing approach. According to Saylor, this technique not only coincides with their investment philosophy but also takes advantage of Bitcoin’s price volatility to earn significant returns.
Saylor Goes Bullish on Bitcoin
Saylor recently projected that, under ideal “bull” conditions, Bitcoin might hit $49 million by 2045. During his speech at the Bitcoin 2024 Conference in Nashville, he presented his prediction, which also includes a $13 million base scenario and a $3 million bear case.
Saylor’s strategy is an excellent example of a dedication to acquiring and keeping Bitcoin in a market that is known for its unpredictability, as the cryptocurrency continues to draw interest from both individual and institutional investors.