Michael Saylor: No Reason to Sell Bitcoin Anytime Soon
MicroStrategy executive chairman and co-founder Michael Saylor believes that there is no need to sell any of his Bitcoin holdings in the near future. In an interview with Bloomberg, Saylor expressed his confidence in the rising tide of spot Bitcoin ETFs, which he believes will benefit all participants in the market. He stated that these ETFs are facilitating the digital transformation of capital, with hundreds of millions of dollars flowing from the traditional analogue ecosystem into the digital economy on a daily basis. Saylor sees Bitcoin as his exit strategy and plans to continue buying the top forever.
Pent-up Demand for Bitcoin ETFs
Saylor also discussed the pent-up demand for Bitcoin exchange-traded funds in a recent interview with CNBC. He mentioned that mainstream investors have been waiting for over a decade for these ETFs to become accessible, and their availability is driving a surge of capital into the asset class. Saylor highlighted MicroStrategy’s rebranding as a Bitcoin development company, emphasizing their success in Bitcoin strategy and status as the world’s largest publicly traded holder of Bitcoin. The company plans to develop software, generate cash flow, and accumulate more Bitcoin for shareholders.
Saylor’s BTC Holdings Reach $10B
MicroStrategy’s Bitcoin investment has surpassed $10 billion, with over 190,000 BTC in their portfolio. This milestone reflects MicroStrategy’s confidence in Bitcoin’s long-term prospects and its role as an inflation hedge. Despite challenges in the bear market, MicroStrategy continued to expand its BTC holdings under Saylor’s leadership. In January alone, they purchased an additional 850 BTC for $37.2 million.
Hot Take: Michael Saylor Stays Bullish on Bitcoin
Michael Saylor remains bullish on Bitcoin, believing that there is no reason to sell anytime soon. He sees the approval of spot Bitcoin ETFs as a positive development that will benefit the entire market. With MicroStrategy’s significant BTC holdings and plans for further accumulation, Saylor is confident in Bitcoin’s future. As an investor, you may consider following his lead and holding onto your Bitcoin investments for the long term.
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