Bitcoin reached a groundbreaking milestone this week, soaring past $100,000 for the first time in its history. Among the loudest voices celebrating the event is Michael Saylor, the executive chairman of MicroStrategy, who has become one of Bitcoin’s most devoted advocates. For Saylor, the success of Bitcoin isn’t just a moment to celebrate but a testament to a strategy he’s championed for years: “Buy Bitcoin and never sell.”
Speaking with Yahoo Finance, Saylor shared his straightforward approach to Bitcoin investing. "For the past four years, I’ve consistently said: buy Bitcoin and hold onto it, never sell," he stated. His philosophy is simple yet profound—treat Bitcoin as a long-term investment. Whether it’s a bear market or Bitcoin is hitting new highs, Saylor advises using spare capital to buy Bitcoin and hold onto it for the long term.
“You don’t need to understand every application of Bitcoin,” he added. “Just think of it as a long-term capital asset, something you won’t touch for at least four to ten years.”
Saylor’s passion for Bitcoin isn’t just personal; it’s also central to MicroStrategy’s business strategy. Since 2020, the company has redefined itself as a “Bitcoin treasury company.” MicroStrategy has aggressively converted its spare cash into Bitcoin, with the belief that the cryptocurrency will continue to appreciate against the dollar over time.
This strategy has divided opinions on Wall Street but has undeniably generated significant shareholder value. By dollar-cost averaging its Bitcoin purchases and holding through market turbulence, MicroStrategy has become a shining example of long-term crypto investment.
Saylor’s confidence in Bitcoin stems from his belief that it’s a superior store of value compared to traditional currencies like the U.S. dollar. As inflation erodes the purchasing power of fiat money, Saylor sees Bitcoin as a hedge against economic uncertainty.
With Bitcoin hitting $100,000, Saylor has called the milestone a pivotal moment for the cryptocurrency’s journey. He even suggested the Bitcoin community should celebrate this achievement in style.
For anyone looking to follow Saylor’s lead, his advice remains the same: don’t get distracted by market volatility. “Just keep buying Bitcoin,” he said, emphasizing that patience and a long-term view are the keys to unlocking its potential.
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