Michael Saylor Shares His Simple Bitcoin Strategy

Bitcoin has achieved a historic milestone by reaching over $100,000 in value against the US dollar. This remarkable achievement has led Michael Saylor, the executive chairman of MicroStrategy Inc., to reaffirm his optimistic outlook on the cryptocurrency.

Investment Strategy: In a recent interview with Yahoo Finance, Saylor highlighted the simplicity of investing in Bitcoin. He emphasized, "Every day for the past four years, I’ve said buy Bitcoin, don’t sell the Bitcoin." His investment strategy is clear: "Just keep buying Bitcoin with your spare capital. It’s going to appreciate against the dollar forever."

He encourages investors to treat Bitcoin as a long-term asset. Saylor advises averaging Bitcoin purchases on a quarterly basis to build a steady position over time. He believes Bitcoin should be included as a component of a long-term investment portfolio, suggesting that funds not needed for four to ten years are suitable for allocation into this cryptocurrency.

Saylor noted that MicroStrategy has been able to create substantial shareholder value by holding onto its Bitcoin assets. He stated that understanding the intricate details of Bitcoin’s applications is not necessary to benefit from its growing potential.

Significance of the Milestone: The recent rise in Bitcoin’s value to $100,000 is seen as a landmark moment for the cryptocurrency community. The day that Bitcoin surpassed the $100,000 mark, on December 4, was met with celebrations within the crypto sphere. Saylor even suggested organizing a celebratory event to commemorate this achievement.

Furthermore, Saylor has publicly discussed Bitcoin's potential as a form of “global capital.” In discussions, he has projected that Bitcoin could climb to an estimated $13 million per coin by the year 2045, underscoring its transformative impact on how wealth is stored and transferred globally.

In earlier interviews, Saylor also suggested that Bitcoin could significantly elevate Microsoft Corp's valuation by almost $5 trillion, pointing out its performance as a highly effective and uncorrelated asset in financial markets.

Current Market Position: As of now, Bitcoin is trading around $99,308, reflecting a 1.7% increase in the last 24 hours, based on market data. MicroStrategy’s stock has also seen a notable rise, closing at $395.01, up 2.2% for the day, and achieving an impressive 476% gain for the year.

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