Michael Saylor, the founder and executive chairman of MicroStrategy, has reaffirmed his unwavering commitment to Bitcoin, stating that he has no plans to sell the cryptocurrency despite significant gains. In a recent interview, Saylor, who holds approximately $54 billion worth of Bitcoin through his company, emphasized his long-term confidence in the digital asset. He stated, “I will continue to buy from the top. Bitcoin is my exit strategy.” Saylor believes that Bitcoin has evolved into a trillion-dollar asset class, comparable to tech giants like Apple, Google, and Microsoft. However, he highlighted a crucial distinction: “BTC is not a company, it’s an asset class. The capital structure of companies isn’t large enough to accommodate trillions of dollars in savings.”
Saylor also pointed out that Bitcoin competes not only with technology giants but also with traditional store of value instruments such as gold, the S&P index, and real estate. He asserted that Bitcoin is technically superior to these asset classes. Saylor concluded his remarks by stating, “There is no reason to sell the winners and buy the losers.” This statement underscores his belief in the long-term potential of Bitcoin and his strategy of holding onto the cryptocurrency despite market fluctuations.
Saylor’s comments come at a time when Bitcoin is breaking records and gaining mainstream acceptance. His stance on Bitcoin is significant given his influential role in the cryptocurrency community and his company’s substantial holdings in the digital asset. Saylor’s unwavering support for Bitcoin serves as a strong signal to other investors and institutions, reinforcing the idea that Bitcoin is a viable long-term investment. His strategy of continuous accumulation and refusal to sell, even in the face of substantial gains, highlights his conviction in the future of Bitcoin as a dominant asset class.
