Michael Saylor is a bitcoin fan and says everything else falls short

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Michael Saylor, founder and CEO of MicroStrategy, is a major Bitcoin investor and his recent comments also show that he is a huge fan of the popular Bitcoin. cryptocurrency.

Speaking to Benzinga, referring to the recent price drops, the billionaire explained that anyone who tries to time the market will be very frustrated due to the complexity of the business.

But if you’re looking at four, six, or eight years, simply buying a quality property with free cash flow is usually a great investment strategy. investmentSaylor commented, adding that he and his company were doing just that with Bitcoin.

So far, MicroStrategy has amassed nearly 130,000 bitcoins at an average price of around $ 30,000. We have a simple strategy and our strategy is just to buy bitcoin and hold bitcoin, I said.

The executive noted that when there is a massive expansion in the money supply followed by a significant contraction, investors want to focus on rare, desirable, high-quality properties that other investors may want to buy locally. With that in mind, he stated that Bitcoin is obviously the highest quality and coveted rare commodity.

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When asked about Bitcoin’s future, Saylor reiterated his long-term bullish stance. We believe that the best and highest quality asset in the world is Bitcoin. Everything else in the world is inferior to Bitcoin. So if you give me $ 1 million and say what you want to buy, I don’t want to buy a sports team, I don’t want to buy a building, I don’t want to buy a business … whatever I want to buy bitcoin, he concluded.

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Since it hit an all-time high in November last year, Bitcoin’s dollar price has dropped nearly 70%. However, the medium to long term trend is still bullish.

For example, in the past five years, the famous cryptocurrency it is up by more than 726% for an annual average of around 145%, or almost 11 times the historical average of the S&P 500, the benchmark index of the stock market.

Insiders say the recovery still has a long way to go with the global launch of Bitcoin and Co cryptocurrency not yet fully consolidated. In fact, it is still growing.

In Spain, a recent report from the National Securities Market Commission (CNMV), based on responses from 1,500 people in the general population aged 16 to 70, found that 3 in 4 people in the country had at least heard less about the existence of the cryptocurrencies.

However, among those who are knowledgeable, less than 7% say they have ever invested in Bitcoin or other cryptocurrencies, while 83% say they do not and have no plans to do so.

To this small market we must add a factor that the world ignored a few years ago: inflation. In the United States alone, prices rose 8.6% year-on-year in May, reaching highs not seen in more than four decades; in the euro zone it was 8.1%, a historic record since the introduction of the euro.

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As a result, millions of savers are realizing that keeping all their cash in their bank account or under the mattress is nothing more than a strategy to safely lose purchasing power.

And if you decide invest Capital, need to be very cautious as financial markets collapse due to high valuations from previous years, central banks raising interest rates, and geopolitical tensions stemming from the war between Russia and Ukraine.

In this environment, according to industry experts cryptocurrenciesBitcoin could win because it is still considered a safe haven of long-term value, as Michael Saylor explains.

Of course, the price of Bitcoin continues to fluctuate wildly today, but ever since cryptocurrency If accepted by the general public, it will consolidate in the market and its volatility will decrease like gold.

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