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Michael Saylor Explains Why Bitcoin is a Strong Long-Term Investment

11.08.2024 8:00 1 min. read Alexander Stefanov
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Michael Saylor Explains Why Bitcoin is a Strong Long-Term Investment

Bitcoin is recovering from its recent losses earlier this week. Michael Saylor, executive chairman of MicroStrategy, shared his thoughts on Market Domination about the cryptocurrency's recent movement and his bullish outlook.

Saylor emphasized that Bitcoin is the only truly global capital market, operating even when all other markets are closed. He explained that its volatility is a necessary trade-off for creating instant global liquidity and credit availability. According to him, Bitcoin’s performance last week demonstrated its efficient functioning, which is crucial to its success.

Despite Bitcoin’s recent dip, Saylor views the volatility as a sign of strong energy. He believes that the future is digital, and there is a race to dominate cyberspace.

In his opinion, empires are built and defended by various forms of power, including digital power. Saylor sees Bitcoin as a representation of digital power and ownership of cyberspace, making it a valuable investment.

He highlighted that Bitcoin has appreciated 55% annually over the past four years, compared to the S&P 500’s 13% appreciation and a 5% depreciation in bonds.

Saylor also mentioned that MicroStrategy is continuously buying Bitcoin, regardless of market conditions. He expects Bitcoin to keep appreciating as a form of digital capital, reinforcing his belief in its long-term potential.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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