So. Jun 16th, 2024

• Michael Saylor, the former CEO of MicroStrategy, is confident in bitcoin’s potential as a safe haven for traders and investors.
• Despite his company’s losses from investing in BTC, Saylor remains bullish on the digital asset.
• He believes that despite its volatility, Bitcoin still holds the title for best performing asset over the past two and a half years.

Michael Saylor Believes in Bitcoin

Michael Saylor – the former CEO of MicroStrategy – is still confident that bitcoin has a ton of power when it comes to being a safe haven for traders and investors despite all that’s happened in the crypto space over the past year or so. In late 2020, he began investing in BTC which has ultimately cost his company more than $1 billion at present time due to its volatility and speculation. Nevertheless, he still believes that it is one of the only real safe havens available to institutional investors.

Bitcoin Performance

In November 2021, BTC hit an all-time high of around $68000 per unit but ended up falling back down into mid-$16K range by 2022 – resulting in a loss of valuation across various leading assets totaling more than $2 trillion within twelve months. Despite this setback however, Saylor remains bullish on BTC given its performance over the past two and a half years which has made it “the best-performing asset” according to him. As such, MicroStrategy’s stock is levered against bitcoin’s success or failure as well.

FTX Debacle

The FTX debacle was no doubt harrowing but according to Saylor it did ultimately help out the crypto space in many ways; however he did not elaborate any further on this point during his interview with reporters recently.

Conclusion

Overall, it appears that Michael Saylor still believes strongly in bitcoin even after all these tumultuous events have taken place over recent years; something which could be seen as quite admirable given how much money his company has lost due to speculation surrounding this digital currency alone. Although there may be some bumps along the road ahead (such as those caused by FTX), it seems like he will remain optimistic about BTC’s future regardless and continue investing accordingly with MicroStrategy going forward.

Takeaway

Despite suffering losses due to its volatility and speculation over recent years, Michael Saylor remains bullish on Bitcoin’s potential as a safe haven for traders and investors alike – citing its performance as one of the best-performing assets over the past two and a half years. He also believes that events such as FTX can help out crypto space overall although he did not elaborate any further on this point during his interview with reporters recently

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