Bitcoin’s Short Term Volatility is Irrelevant Once You Understand its Fundamentals, Says MicroStrategy’s Michael Saylor
Summary:
- MicroStrategy’s CEO has pointed out that Bitcoin’s short-term volatility is irrelevant once you understand its fundamentals.
- According to Mr. Saylor, Bitcoin is the most certain thing in a very uncertain world.
MicroStrategy CEO and Bitcoin perma-bull Michael Saylor has said that Bitcoin’s near-term volatility should not be a concern. According to Mr. Saylor, the ongoing volatility in the crypto markets is irrelevant once ‘you understand the fundaments of the leading cryptocurrency and how difficult it would be to create something better.’
Bitcoin is More Certain than Stock and Even Property
Mr. Saylor’s statements on Bitcoin were made during an interview with theBlockCrypto.com, where he also reiterated that ‘Bitcoin is the most certain thing in a very uncertain world.’ He also added that Bitcoin is more certain than the other 19,000 cryptocurrencies in the crypto-verse. It is also more certain than any stock and more certain than owning property anywhere in the world.
Bitcoin is the Only Way to Save Your Money
Over the years, Michael Saylor has created a reputation for his steadfast beliefs in Bitcoin’s potential as a store of value. In a tweet last week, he emphasized that Bitcoin is the only way to save your money despite the existence of millions of ways of investing. Mr. Saylor’s Tweet on Bitcoin being the only way to save money can be found below.
There are a million ways to invest your money, but just one way to save your money. #Bitcoin
— Michael Saylor⚡️ (@saylor) June 2, 2022
Michael Saylor Will Be Buying Bitcoin at the Top Forever
Similarly, during an interview on Tucker Carlson’s show on Fox News late last month, Mr. Saylor confirmed that he would continue buying Bitcoin irrespective of price given his end goal was to be a participant and a long-term holder of the digital asset. He said:
Yeah. I’ll be buying [Bitcoin] at the top forever.
Right…the maximalist way is that Bitcoin is an instrument of economic empowerment. I’m not trying to time in the market. I just want to be in it.
Whenever I have some spare cash we buy more Bitcoin.
We are taking a very very long view about this.
In the same interview with Tucker Carlson, Michael Saylor reiterated that Bitcoin is the most certain thing in a very uncertain world. He also added that the markets are currently full of chaos and fury. Consequently, Bitcoin ‘represents a fair, open, equitable network with a very simple promise to anyone who wants to join, which is what you own is yours, and no one will take it away from you.’
