Bitcoin continues to make significant gains as its price rebounds from recent bearish trends, with Michael Saylor, co-founder and former CEO of MicroStrategy, reaping the rewards. Saylor, a long-time advocate and investor in Bitcoin, has seen his BTC holdings increase in value as the cryptocurrency’s price surges.
In a recent interview with Bloomberg TV, Saylor revealed that he now owns over $1 billion worth of Bitcoin. He disclosed that he had accumulated approximately 17,732 BTC in 2020 at an average price of $9,882 when Bitcoin was trading above $13,000. Since then, Bitcoin’s price has soared to over $73,000, and Saylor has not sold any of his holdings, demonstrating his unwavering belief in the cryptocurrency’s future potential.
Saylor has made it clear that he has no intention of liquidating his Bitcoin holdings and plans to continue investing in BTC to expand his portfolio further. He described Bitcoin as an exceptional capital investment asset, suitable for individuals, families, institutions, corporations, and even countries. He emphasized that there is no asset that compares to Bitcoin in terms of long-term wealth preservation and growth.
In addition to Saylor’s personal Bitcoin stash, MicroStrategy also holds a substantial amount of the cryptocurrency. The company, founded by Saylor in 1989, owns 226,500 BTC valued at approximately $12.94 billion at current exchange rates. MicroStrategy’s BTC holdings were acquired at an average price of $35,158 per BTC.
Despite the volatility and unpredictability of Bitcoin’s price, Saylor remains bullish on the cryptocurrency and continues to acquire more BTC. He likened investing in Bitcoin to acquiring prime real estate in a desirable location, highlighting Bitcoin’s volatility as a feature rather than a flaw and reaffirming its status as a superior asset.
Saylor’s mantra of “There’s never a bad time to buy Bitcoin” underscores his belief in the enduring value of the cryptocurrency regardless of market conditions. He shared that MicroStrategy’s investment strategy involves buying Bitcoin opportunistically, without trying to time the market or predict price movements.
When asked about Bitcoin’s recent market crash as a potential buying opportunity, Saylor stressed the difficulty of pinpointing the best time to buy Bitcoin due to its price volatility. He reiterated that MicroStrategy remains committed to investing in Bitcoin at any suitable opportunity, irrespective of market conditions.
In conclusion, Michael Saylor’s unwavering faith in Bitcoin as a sound investment choice and his commitment to expanding his BTC holdings reflect his confidence in the cryptocurrency’s long-term potential. As Bitcoin continues to gain mainstream acceptance and adoption, Saylor’s strategic approach to investing in the digital asset serves as a testament to the enduring value of Bitcoin in the evolving financial landscape.
