- Michael Saylor holds at least 17,732 Bitcoin, now valued at over $1 billion, showcasing his strong commitment to the cryptocurrency.
- Saylor supports Bitcoin as a strategic national asset, citing Senator Lummis’s proposal for a U.S. Strategic Bitcoin Reserve.
- Bitcoin’s volatility is a feature, Saylor argues, contributing to its superior long-term performance and investment value.
MicroStrategy co-founder Michael Saylor has revealed his personal Bitcoin holdings now exceed $1 billion, reflecting his continued commitment to the cryptocurrency. During a recent Bloomberg interview, Saylor disclosed that he owns at least 17,732 Bitcoin, a figure unchanged since he first announced his holdings four years ago. Despite market volatility, Saylor has consistently acquired more Bitcoin, emphasizing his belief in its long-term value as a capital investment.
Endorsement of Bitcoin as a Strategic Asset
Saylor described Bitcoin as “the apex property of the United States,” highlighting its growing significance in the political space. He pointed to U.S. Senator Cynthia Lummis’s proposed legislation, which aims to establish a U.S. Strategic Bitcoin Reserve.
This proposal seeks to accumulate up to 1 million Bitcoin over time, highlighting the increasing importance of the cryptocurrency on a national scale. Additionally, Saylor noted that former President Donald Trump has vowed not to sell the nation’s seized Bitcoin, further solidifying Bitcoin’s status as a critical asset for the country.
Political Shifts and Bitcoin’s Future
In the interview, Saylor observed a shift in political perspectives toward Bitcoin, stating that “every politician in the world has started to realize that Bitcoin is the most desirable property in cyberspace.”
This sentiment reflects the growing recognition of Bitcoin’s potential as a secure and valuable asset. Saylor argued that Bitcoin’s volatility is a feature, not a flaw, contributing to its superior performance and durability compared to traditional assets.
Long-Term Investment Perspective
Saylor emphasized the importance of holding Bitcoin as a long-term investment rather than using it for everyday transactions. He likened Bitcoin to valuable real estate in Manhattan, stating that “there’s never a bad time to buy up scarce desirable real estate.”
Saylor advised against spending Bitcoin on trivial purchases like coffee or ice cream, instead encouraging the use of traditional currencies for such expenses. His steadfast belief in Bitcoin’s value highlights his view that it remains the most desirable property in cyberspace.
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