Bitcoin investment is unregulated in several countries. There is widespread awareness that there is no consumer protection. And the capital is at risk. The Bitcoin price unfailingly seesaws between highly volatile and tight ranges. Market watchers keenly wait for the BTC price to rise after volatile spark lines.
There are top Bitcoin billionaires who are not bothered about the comatose status of the BTC price range, crash from the all-time highs, directionlessness, volatility collapse, out-of-the-money (OTM) calls and puts, or anything you name – including regulatory bans, government crackdowns, and even mining bans. Instead, they are simply determined to hold on to BTC. And, when there is a dip, they are all ready to stack.
Michael J. Saylor is the top in the list of the Super-Confident BTC Stackers and holders. Saylor is very sure of how intelligence will change anything.
He creates the new world of Bitcoin believers with his MASTERCLASS in Cryptocurrency Investing. While he is super-pro Bitcoin, he believes that different cryptocurrencies have different purposes. He firmly believes that there is a place for everybody in the cryptocurrency space. Though the reaction of the overall cryptocurrency community is mixed, Saylor seems to be the trendsetter for millennial investors and corporates too.
Saylor has been ridiculed for his heavy investment in BTC. He bet his company cash into BTC. He also encouraged that other companies join him. News outlets were digging his past investment convictions to ridicule him with proof of his past investment failures. Technically, there is not another businessman who is as enthusiastic as Saylor preaching and practicing Bitcoin.
Saylor’s BTC acquisitions have always made it to the headlines. Microstrategy is the first publicly traded company to invest significant treasury assets in Bitcoin.
Wikipedia says, “In March 2000, the US Securities and Exchange Commission (SEC) brought charges against Saylor and two other MicroStrategy executives for the company’s inaccurate reporting of financial results for the preceding two years. In December 2000, Saylor settled with the SEC without admitting wrongdoing by paying $350,000 in penalties and a personal disgorgement of $8.3 million. As a result of the restatement of results, the company’s stock declined in value, and Saylor’s net worth fell by $6 billion.”
The past history of Saylor presents the investor in him as someone with a high-risk appetite and firm conviction.
The Microstrategy website reads: “Bitcoin for corporations – Microstrategy is the first publicly-traded company to invest significant treasury assets in Bitcoin….”
Saylor calls BTC investment a groundbreaking treasury reserve strategy. There are elaborate discussions by Saylor on Bitcoin Corporate Strategy and Operational Considerations. The talks with Ross Stevens, Phong Le, Jeremy Price, Deloitte, and many others are worth knowing.
The media flocked to Saylor to get a hold of his reasoning behind Bitcoin investing. However, anyone considering investing in BTC should spend maximum hours studying the open-source documents from the Bitcoin Corporate Playbook covering the key considerations, Treasury Reserve Policy, Bitcoin Trading Policy, Contractual Considerations for digital asset custodians, and more – irrespective of being an individual or corporate investor.
After all this, Saylor, who controls 70% of Micro Strategy’s shares, dismissed concerns by observers that the move is turning MicroStrategy into a Bitcoin investment firm or Exchange Traded Fund (ETF)
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