The post “Bitcoin beats the dollar forever” – MicroStrategy’s Michael Saylor shares investment strategy appeared on BitcoinEthereumNews.com.

MicroStrategy’s executive chairman Michael Saylor has spent the past four years hammering one message home: buy Bitcoin and never sell it. As Bitcoin shattered the $100,000 milestone for the first time this week, Saylor took the opportunity to double down on his aggressive investment strategy. “Every day for the past four years, I’ve said buy Bitcoin, don’t sell the Bitcoin. I’m going to be buying Bitcoin at the top forever,” he told Market Domination hosts Julie Hyman and Josh Lipton. His approach is brutally straightforward: convert spare capital into Bitcoin, hold it long-term, and ignore the noise. “Just keep buying Bitcoin,” Saylor said. He emphasized treating Bitcoin as a long-term capital asset, perfect for money you won’t need for at least four years—or better yet, ten. Dollar-cost averaging into Bitcoin quarterly and sweeping long-term savings into the crypto is Saylor’s go-to move, regardless of short-term volatility. “Don’t get worked up over the swings,” he said. MicroStrategy has evidently taken this philosophy to the extreme, transforming itself into what Saylor calls a “Bitcoin treasury company.” Since 2020, the company has been on a relentless buying spree, turning heads and dividing Wall Street. Bitcoin breaks records, but MicroStrategy stumbles Bitcoin hit an all-time high of $103,992 on December 4, a moment that crypto enthusiasts had long anticipated. MicroStrategy’s stock MSTR, which many view as a proxy for Bitcoin, also surged that day, reaching a peak of $543. But the celebration was short-lived. By the next morning, MicroStrategy’s stock plummeted 28%, closing at $406. It dropped another 4.8% on Thursday, leaving investors questioning the strategy. MicroStrategy’s market value hinges on its Bitcoin holdings, but its stock doesn’t always move in tandem with Bitcoin. Right now, the company’s shares trade at 2.3 times the value of its Bitcoin stash, a drop from the 3.4X…

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Filed under: News - @ December 7, 2024 9:28 am