Earlier this week, Bitcoin, the largest cryptocurrency asset, saw a sharp decline as a result of the Japanese stock market crash, demonstrating the volatile nature of the asset during macroeconomic turmoil. In the wake of the recent market turmoil, Michael Saylor, the co-founder and CEO of the popular Bitcoin company, has announced his plans to expand his business in the future. Business Intelligence Company, Microstrategy An initiative has been taken to address growing concerns about Bitcoin volatility.
Michael Saylor Considers Bitcoin Volatility a Feature, Not a Bug
Michael Saylor, co-founder of MicroStrategy, offered his insights into Bitcoin volatility in a recent article. interview On Bloomberg Open Interest. His ideas aim to reassure investors about the viability of using Bitcoin as a hedge against economic volatility and store of value.
In the interview, Sailor, who is well known as a cryptocurrency advocate, reiterated his strong confidence in Bitcoin’s long-term potential despite the current volatility. Speaking on the subject, Sailor noted that the first thing the industry needs to understand is that Bitcoin’s volatility is a feature, not a flaw.
According to the co-founder, Bitcoin’s volatility tends to create massive global credit flows and liquidity in the short term. However, in the long term, it is a superior asset in terms of performance and durability. Sailor believes that the asset is volatile because of its function, as physics and politics Bitcoin It has closed and paralyzed all other markets.
Speaking about its potential as a store of value, Sailor emphasized the superiority of these assets over physical or financial capital. The MicroStrategy CEO believes that Bitcoin is a better store of value because it provides financial freedom from counterparties.
He said:
The reason it works is because it is practical. It is digital capital and it is better than physical capital or financial capital. Bitcoin is a capital investment that you can hold for decades and no company, competitor, counterparty or country can take it away from you.
As a result, he believes digital assets can serve as a generational wealth asset at the retail and institutional levels while offering personal management funds. Given the decentralized nature of the currency, Sailor claims that Bitcoin Investing in financial assets is more important than any other long-term capital management in the world despite its volatility.
Any time is right to invest in BTC
When asked when is the right time to buy BTC, Michael Sailor He stated that there is never a bad time to buy assets, comparing it to a real estate investment in Manhattan. He also emphasized MicroStrategy’s bitcoin investment strategy, noting that The company buys bitcoin in general. Whenever the opportunity arises and sufficient capital is raised.
While Sailor believes there is no perfect time to buy Bitcoin, he stressed the importance of understanding seasons and market trends in order to navigate the price volatility of crypto assets. As investors navigate these volatile times, Sailor’s comments offer a key perspective on Bitcoin’s long-term value.
Featured image from YouTube, chart from Tradingview.com
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