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When New BTC ATH? Michael Saylor Triggers Crypto Community's Enthusiasm on This
3 days ago
AZCoinNews
AZCoinNews
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Michael Saylor, the co-founder of MicroStrategy, a software company that has invested heavily in Bitcoin, said in an interview with BloombergTV that he will never stop buying the cryptocurrency. He also praised Bitcoin as the strongest asset and the exit strategy for the future. Saylor, who has been a vocal advocate of Bitcoin for a long time, said that he is not interested in taking profits or selling his Bitcoin holdings, which are currently worth over $10 billion. He said that he will be “buying the top forever” and that “Bitcoin is the exit strategy, it is the strongest asset.” He explained that Bitcoin is a new asset class that has emerged as a trillion-dollar phenomenon, and that it is superior to other traditional assets such as gold and stocks. He compared Bitcoin to the “Magnificent 7” companies, such as Apple and Google, that dominate the tech sector, but said that Bitcoin has an advantage over them because it is not a company, but an asset. “Bitcoin is competing against Gold and the S&P, thus capital can keep flowing in, whereas the Magnificent 7 has caps. There is no reason to sell the winner to buy the losers,” he said. Saylor also attributed the recent rise of Bitcoin’s price, which has surpassed $51,000 and increased by 5% in the past week, to the growing demand and adoption of the cryptocurrency, especially after the approval of Bitcoin ETFs in the US. He said that he believes that more capital will flow from other asset classes into Bitcoin, because “Bitcoin is technically superior to those asset classes and that being the case, there’s just no reason to sell the winner and to buy the losers.” MicroStrategy, which Saylor leads, has been one of the biggest corporate investors in Bitcoin, having acquired more than 190,000 BTC since August 2020. The company has also rebranded itself as a “Bitcoin development company” in its latest earnings report, signaling its commitment to the cryptocurrency and its vision for the future. Source: https://azcoinnews.com/michael-saylor-says-he-will-buy-bitcoin-forever.html

5 days ago
Crypto Ahmet
Crypto Ahmet
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😯🔥Michael Saylor Says She Will Never Stop Buying Bitcoin #michaelsaylor , CEO of #MicroStrategy said in an interview with BloombergTV that he will buy Bitcoin forever. The CEO has been a believer in Bitcoin for some time, and his company is one of the largest investors in the cryptocurrency. To a question about profiting from and potentially selling his Bitcoin, Saylor said, "I'm going to buy the top one forever." He also adds: "Bitcoin is the exit strategy, it is the most powerful asset." The value of Michael Saylor's MicroStrategy Bitcoin is currently over $ 10 billion. In addition, the unrealized profit on assets reached about $ 3.2 billion last week. Saylor has long been supportive of Bitcoin as the leading cryptocurrency on the market. For this reason, he led his company to invest over 190,000 BTC. "Bitcoin has just emerged as a trillion-dollar asset class," Mr. Saylor added in the same interview. He compares Bitcoin to the Amazing 7 companies, including Apple and Google Dec. But what these companies are missing compared to Bitcoin is that BTC is an asset class, while Apple and Amazon are companies. Bitcoin competes with Gold and S&P, so while the flow of capital may continue, the Magnificent 7 has its limits. "There's no point in selling the winner to buy the losers," concludes Saylor. At the time of writing, Bitcoin is trading above $ 51.7 thousand and has increased by 5% in the last week. Bitcoin has been on the rise since early 2024, partly due to the booming Sunday and the passage of Bitcoin ETFs in the US. #BTC‬ #binance

5 days ago
小烏鴉Max
小烏鴉Max
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[Michael Saylor doubles down on Bitcoin, abandons gold] Bitcoin expert Michael Saylor, who is also the founder of MicroStrategy, recently expressed optimism about Bitcoin, comparing it to gold. Bitcoin prices are up 333% since August 10, 2020, while gold is down 1%. Bitcoin is currently over $52,400, while gold is at $2,018. Saylor believes that Bitcoin is a long-term asset that should be held for at least 10 years. On the other hand, Jim Bianco, president of Bianco Research, criticized the launch of a spot Bitcoin ETF, calling it a “huge mistake.” He believes that this will prevent Bitcoin from ever reaching $1 million because Bitcoin will be subsumed into the existing financial system. Bianco pointed out that gold has made similar mistakes in the past and failed to become an alternative to the traditional financial system. #鴉快訊 #内容挖矿 $BTC

6 days ago
DeFiDynamo
DeFiDynamo
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Michael Saylor, co-founder and executive chairman of MicroStrategy, has reaffirmed his commitment to Bitcoin (BTC), stating that he and his company will continue to buy the digital asset indefinitely. In an interview with Bloomberg, Saylor emphasized his belief in BTC as the strongest asset, competing with gold and the S&P stock market index. Saylor argues that capital will continue to flow from gold and other asset classes into BTC due to its technical superiority. He sees no reason to sell the winning asset to invest in less successful ones. Saylor's comments follow his prediction in December that BTC demand would surge in 2024, a forecast that is currently materializing as demand from spot Bitcoin ETFs outpaces supply from miners. MicroStrategy, the first publicly traded company to accumulate BTC, now holds 190,000 BTC worth over $10 billion. Saylor remains optimistic about the future of the digital currency, further solidifying his position as one of its strongest proponents.

4 days ago
Crypto Web3 Today
Crypto Web3 Today
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Michael Saylor Doubles Down on His Bitcoin Bet, Dismissing Gold. Esteemed Bitcoiner Michael Saylor, who founded the business intelligence giant MicroStrategy and was its chief executive for a long time, has made a bullish statement on Bitcoin, comparing its superfluous performance to that of gold since 2020. In the meantime, the president of Bianco Research, Jim Bianco, believes that launching spot Bitcoin ETFs was a "giant mistake." Michael Saylor's Bitcoin-vs.-gold statement. Saylor, who recently stepped down as MicroStrategy CEO and is now the head of the company's Bitcoin strategy, has published a post that shows that since Aug. 10, 2020, the world's leading cryptocurrency Bitcoin has skyrocketed by 333%, while its physical rival, gold, has lost 1% since then. At the time of this writing, Bitcoin is changing hands above the $52,400 level, having seen an impressive increase of 9.14% since last Monday, Feb. 12. Gold is tr ading at $2,018. Between Feb. 1 and Feb. 14, XAU lost more than 9%, dropping below the $2,000 level. However, from that day until now, it has recovered slightly more than 1%. In a tweet published last week, Saylor voiced the Bitcoin price target he apparently expects Bitcoin to reach - it is $60,000 ($0.06 million as he referred to it in the tweet). This was the first time Saylor had broken silence on the Bitcoin price, except the few cases when he assumed it could reach $1 million. Saylor believes that Bitcoin is an asset that should be held for a minimum of 10 years. "Bitcoin ETF was a giant mistake". During a recent talk with Bitcoin podcaster Natalie Brunell, president and macro strategist at Bianco Research Jim Bianco called spot Bitcoin ETFs a "giant mistake." He admitted that this product is going to drive the price way up: "everybody, you're gonna get $60,000 per Bitcoin, congratulations." However, Bianco is certain that, this way, Bitcoin will never reach $1 million, since, according to him, BTC is now being sucked into the current financial system, becoming part of it thanks to spot ETFs.

6 days ago

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