Michael Saylor: Bitcoin Is A 100 Year Investment
Saylor and MicroStrategy now hold 125,051 Bitcoin which is just astounding when you think of it. And Saylor speaks on how his time horizon with Bitcoin is a decade; imagine how much those BTC will be worth in a decade? Amazing.
Feeling down that bitcoin prices are well off their all-time highs? Don’t be, says bitcoin bull and MicroStrategy CEO Michael Saylor.
“My time horizon is a decade or more,” Saylor said on Yahoo Finance Live.
And Saylor is putting his money where his mouth is on bitcoin.
MicroStrategy disclosed this week it purchased 660 bitcoin for about $25 million between Dec. 30, 2021 and Jan. 31, 2022. The average price per coin tallied $37,865.
The company now holds 125,051 bitcoins valued at about $4.8 billion, reflecting Saylor’s focus on diversifying the software maker into a promising technology.
Adds Saylor, “People buy bitcoin because they want to buy an asset they understand that might have value in 100 years. The truth is there is no security trading on the Nasdaq of the New York Stock Exchange right now that you can understand 100 years from now.”