Michael Saylor is adamant about continuing to buy Bitcoin. Michael Saylor, co-founder, and CEO of MicroStrategy discussed whether his opinion on Bitcoin has changed recently during a recent appearance on Fox News. Saylor is a well-known Bitcoin proponent who believes the cryptocurrency is the ultimate safe haven and inflation hedge.
Saylor stated that since the pandemic began in 2020, the main digital currency has grown by 229 percent, while the US money supply has climbed by 36 percent, gold has increased by 7%, the S& P 500 has increased by 29 percent, and the Nasdaq 100 has increased by 19 percent.
As a result, Saylor believes that Bitcoin is a safe haven if you can tolerate the volatility and have a long-term view.
When asked about the company’s current policy, Saylor indicated that MicroStrategy does not sell any of its BTC, but rather buys more whenever money is available. Furthermore, the CEO stated that they intend to “purchase at the top forever.”
MicroStrategy, a maker of business analytics software, had 129,218 Bitcoins worth $3,723,248,686 as of April 5.
The current Bitcoin price is $28,814.62, with a 24-hour trading volume of $30,644,596,627 USD. In the previous 24 hours, Bitcoin has lost 0.31 percent of its value.
Also Read: Michael J.Saylor Explains why Bitcoin is a Dearth Rather than a Commodity
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