Michael Saylor, the founder of MicroStrategy, has been a steadfast supporter of the leading cryptocurrency Bitcoin (BTC). Saylor has been consistently adding more BTC to his portfolio during downturns and has managed to recover a significant portion of his losses through the price increases in 2023.
While Saylor is considered an influential figure in the crypto market, investors often label him as a "contrarian indicator." His announcements of BTC purchases have often coincided with price drops in Bitcoin.
In an interview, Michael Saylor referred to Bitcoin as a solution to growing financial problems and a tool that offers hope for eight billion people to preserve their wealth. "Owning Bitcoin (BTC) has become a vital necessity for everyone," he said.
The founder of MicroStrategy argues that Bitcoin is a form of money, comparing it to tools like water and electricity, emphasizing its importance for investors.
Michael Saylor claims that Bitcoin is as essential to the existence of modern human civilization as natural resources. The role he assigns to BTC has surprised investors.
Saylor mentions the devaluation of fiat currencies in Venezuela, Argentina, and Nigeria, highlighting that even traditional currencies face crises, while Bitcoin continues to grow successfully.
This article is not investment advice. Anyone considering investing should do their own research and take their own risks.
