Bitcoin bull Michael Saylor says the cryptocurrency’s volatility will always hurt those who invest purely to trade

Michael Saylor, CEO of MicroStrategy

  • Michael Saylor said Bitcoin’s volatility will always disappoint some investors.
  • In an interview with Sven Henrich, Saylor said that anyone who invests purely for trading could get into trouble.
  • The MicroStrategy CEO also said he views its Bitcoin holdings as long-term technology and savings investments.
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Bitcoin bull Michael Saylor said in a recent interview with Sven Henrich of Northman Trader over the weekend that cryptocurrency volatility will always hurt those who invest solely for trade or on speculation.

“The people who invest in Bitcoin as traders – and they don’t, they don’t have a technology or macro view – will always be disappointed because of the volatility,” said Saylor.

He urged investors not to put more money into Bitcoin and crypto markets than they could lose, especially if they were based on speculation, and said he was unable to advise anyone on a short period of time wants to invest or trade with Bitcoin.

“If, on the other hand, you have a 10 year technology belief and a 10 year macroeconomic belief or an ideological belief, then you are taking money that you can hold for ten years,” said Saylor, adding that volatility of Bitcoin does not affect him personally as he has invested money that he can afford to lose and can wait for the cryptocurrency to benefit from major sell-offs.

MicroStrategy CEO Saylor is a key figure in the online bitcoin and crypto space who has emphasized time and again that cryptocurrency is a form of investment. He sees it as a way to store value instead of traditional assets like gold and protect his investments from rising inflation and taxes.

For the past few months, he’s been making Bitcoin a part of his company’s finances. Just last month, MicroStrategy sold $ 1 billion worth of shares in parts to buy more Bitcoin after completing a $ 500 million bond sale to raise cash for further crypto purchases.

At the time, the company owned 92,079 Bitcoin – currently valued at over $ 3.2 billion, based on the latest Bitcoin price according to Coingecko data.

Compared to those who buy Bitcoin to trade or based on speculation, Saylor told Henrich that he is focused on the long term and sees himself as a technology investor – not least because of the functionality of Bitcoin, including ease of transferring and Bitcoin applications.

“I’m on the long-term technology investment, like the decade-long trend, and on the savings side,” said Saylor.

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