Bitcoin recently reached the monumental milestone of $100,000, a price that has left many wondering if it has become too expensive to invest in. However, Michael Saylor, executive chairman of MicroStrategy and a well-known Bitcoin advocate, believes otherwise.
In a conversation with Barstool Sports founder Dave Portnoy, Saylor dismissed concerns about Bitcoin’s price, emphasizing its unmatched qualities as a financial asset. “I’ll keep buying it,” he said. “Even if Bitcoin hits a million dollars a coin, I’ll still be investing because I believe in its value and potential.”
Saylor compared Bitcoin to a highly sought-after piece of real estate, like property in Manhattan. He explained that rising prices only reinforce the value of an asset over time.
“Manhattan real estate was expensive in the 1930s, and it’s even more expensive now,” he said. “The same principle applies to Bitcoin. Its price reflects its growing demand and scarcity. The question isn’t whether it’s expensive; it’s whether you have the patience to hold it long enough to see its full potential.”
For Saylor, Bitcoin’s rising price isn’t a deterrent—it’s proof of its increasing importance as a global store of value.
Saylor pointed to Bitcoin’s unique features that set it apart from other investments:
“Bitcoin gives you complete control over your money,” Saylor said. “It’s a network that no one can freeze, censor, or debase. That’s what makes it so powerful.”
Since 2020, MicroStrategy has been a major proponent of Bitcoin, using it as a core component of its financial strategy. Despite early challenges, Saylor’s conviction has never wavered.
“When we made our first Bitcoin purchase of $250 million at $11,800 per coin, the price dropped 20% within a week,” Saylor recounted. “We lost $40 million almost immediately. But instead of backing down, we doubled our commitment.”
Today, MicroStrategy holds 423,650 Bitcoin, valued at over $25 billion. Their most recent purchase of 21,550 coins underscores the company’s belief in Bitcoin’s long-term value.
Some argue that Bitcoin’s current price makes it less accessible to new investors. Saylor, however, sees it as evidence of the cryptocurrency’s success.
“People thought Bitcoin was expensive at $10,000, and now they’re saying the same thing at $100,000,” he said. “As adoption grows, so will the price. The real question is whether you understand its value and are willing to invest in its future.”
Saylor emphasized that Bitcoin’s appeal lies in its ability to protect wealth. “It’s not just about the price—it’s about what Bitcoin represents: security, freedom, and financial independence.”
Saylor’s perspective on Bitcoin is not just about financial gain. He sees it as a transformative asset that could reshape the global economy.
“Bitcoin is more than an investment,” he explained. “It’s a way to ensure financial stability in a world where traditional systems are increasingly unreliable.”
For Saylor, Bitcoin’s current price is merely a stepping stone. He believes its potential is far greater than most people realize, and he remains steadfast in his commitment to the cryptocurrency.
Michael Saylor’s strategy revolves around a long-term vision for Bitcoin. While $100K may seem daunting to some, he views it as a natural progression for an asset that continues to gain global traction.
“The price isn’t the problem,” Saylor said. “The real challenge is understanding why Bitcoin is valuable and having the conviction to hold onto it.”
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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