Tue. Feb 27th, 2024

Michael Saylor, CEO of MicroStrategy, is one of the great defenders of Bitcoin and one of the most beloved figures in the cryptocurrency market. He and his company are believed to be responsible for some of the digital currency’s rise. A couple of days ago, on Twitter, Saylor talked about his investment again, showing that he remains very positive about Bitcoin. In a joke on Twitter, Bitfinex, one of the leading cryptocurrency exchanges in the industry, asked its followers “if you had $100 million and could invest in just three cryptocurrencies, what would they be?”.

Among the many responses from exchange clients, one of them caught my attention, Michael Saylor said that if he had $100 million, he would invest in three cryptocurrencies: bitcoin, bitcoin Y Bitcoin. As you can see, Saylor remains confident in Bitcoin, even with the sideways movement of the cryptocurrency in recent months. This is not the only sign that Saylor is positive about Bitcoin, he recently went so far as to state that he will not sell any of his digital assets and that he even sees the coin recovering value in the future.

“MicroStrategy has a term loan of $205 million and needs to hold $410 million as collateral. $MSTR has 115,109 BTC to pledge. If the price of #BTC falls below $3,562, the company can offer more guarantees. See slides 11 and 12 in the Q1 2022 presentation. #HODL”.

In a recent interview with Yahoo Finances, Saylor also talked about being in “Bitcoin for the long term”, indicating that he is not worried about what is going on at the moment and is looking forward to a potential cyclical recovery for the coin in the medium to long term. long-term.

“I expect Bitcoin to reach the millions. So we are very patient. We think it’s the future of money,” Saylor said in an interview..

As one of the top institutional investors in the Bitcoin market, your positivity is considerably important for bearish moments. If Saylor proves to give up crypto, surely the level of FUD this would generate would be catastrophic. However, he seems like he really is a great ally of Bitcoin these days and seems to have a lot of confidence in the digital currency. Even with a sideways move, this is a common sentiment among investors, at least those who have been in the market long enough to remember its cyclical moves.

By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on wttspod.com for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.