Michael Saylor Maintains Bullish Outlook on Bitcoin; Ranks it Higher than MicroStrategy Stock
During an interview, MicroStrategy co-founder Michael Saylor shared his optimism about Bitcoin trading. However, the most intriguing part of the interview was when Saylor expressed his preference for investing in Bitcoin over MicroStrategy shares. This statement comes at a time when Bitcoin prices have dropped by nearly 1.5% in the last 24 hours, while MicroStrategy shares are up by 3%.
Michael Saylor Favors Bitcoin
During the Abundance Summit, Michael Saylor of MicroStrategy shocked many by giving more credit to Bitcoin than to his company’s stocks. Saylor stated that he believes Bitcoin will stand the test of time for “centuries,” while acknowledging that he and his business are temporary.
MicroStrategy’s Bitcoin Holdings
Amidst the current volatility in the cryptocurrency market, MicroStrategy has been making headlines for continuously increasing its Bitcoin holdings. Recently, the company added more BTC to its reserves than some of the most powerful governments in the world, including the United States and China, based on its latest acquisition.
Despite recent price declines, Saylor’s bold actions demonstrate his unwavering faith in Bitcoin. Currently, MicroStrategy holds approximately 1% of the total Bitcoin supply.
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Michael Saylor’s Optimism on BTC
Michael Saylor’s positive outlook on Bitcoin is not new and has remained consistent over time. In a recent CNBC interview, he reiterated his bullish stance on Bitcoin, predicting that it will outperform gold due to its inherent advantages and potential for future growth compared to traditional precious metals.
Saylor specifically mentioned the upcoming April halving event as a catalyst for a potential increase in Bitcoin’s price. He explained that the halving slows down the creation of new Bitcoins and is expected to limit the natural supply from sellers, leading to increased demand and higher prices. This competition between Bitcoin and gold signals Bitcoin’s rise as a viable store of value.
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