Michael J. Saylor is an American entrepreneur and business executive, CEO of MicroStrategy. And despite the massive sale of Bitcoin, he stands firm in his decision: “Buy and hold Bitcoin.”
«There is no target price. I hope that we will be buying Bitcoins in the local top forever. And I hope Bitcoin will reach the millions. So we are very patient. We believe it’s the future of money».
As a curious fact, Michael Saylor is called “Bitcoin Bull”. Because he has become one of the most optimistic people when it comes to the future of Bitcoin.
«In a global bear market, there is no place to hide, but there is a place to stand».
This is how Michael Saylor reacts
«Bitcoin is the monopoly in monetary networks that anyone can buy. When I have dollars I buy Bitcoin».
By the way, Michael Saylor said that Bitcoin was sold along with other risky assets, such as stocks. Since the Federal Reserve moved to raise interest rates. And investors sold riskier assets or assets with valuations that had skyrocketed.
«That will be good for the industry. Over time, I think as people get educated and more comfortable, I think we will recover from this reduction».
Now, regarding the collapse of Terra, Michael Saylor expressed that regulators will accelerate the regulation of Stablecoins. And, that ultimately the winner will be Bitcoin.
«Once people figure out why Bitcoin is superior to everything else, then institutions will come with large sums of money and we won’t have to struggle with this massive explanation of why we are different than 19,000 other crypto tokens».
Likewise, the new chief financial officer of MicroStrategy, Andrew Kang, said that his strategy for buying and holding Bitcoin in the long term will not change despite the recent liquidation of the digital asset.
«At this time, we have no intention of selling».
Lightning is the future of payments
Indeed, Michael Saylor, believes that Lightning, a network applied to Bitcoin that allows the cryptocurrency to expand its ability to transact more efficiently, is the future of payments.
«If you are going to make payments and transactions at high speed, you will need a base layer that is ethically sound, economically sound and technically sound. That’s what Bitcoin is. But then billions and billions of transactions are going to go to a layer 2 like Lightning».
I close with this quote from Michael Saylor: “If you wait for everyone to understand, you won’t be able to afford it».
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