Michael Saylor on Bitcoin: ‘Not Going to Zero’
In a recent interview with Bloomberg, MicroStrategy CEO Michael Saylor doubled down on his bullish stance on Bitcoin, predicting that the cryptocurrency “is not going to zero.”
Saylor, a vocal advocate for Bitcoin, has consistently emphasized its long-term investment potential. He believes that as Bitcoin becomes more widely adopted and recognized as a store of value, its price will continue to rise.
“We’re in the earliest days of a massive adoption cycle for Bitcoin,” Saylor said in the interview. “We’ve got a very long way to go before Bitcoin replaces gold as a store of value.”
Saylor pointed to the recent influx of institutional investors and the growing number of companies accepting Bitcoin as payment as evidence of its growing acceptance. He also dismissed concerns about Bitcoin’s volatility, arguing that it is a natural characteristic of a new and emerging asset class.
“Bitcoin is a risk-on asset, just like the internet in 1995,” Saylor said. “But I see this as a once-in-a-lifetime opportunity to get involved in a technology that has the potential to transform the global financial system.”
Saylor’s comments come amid a period of uncertainty in the cryptocurrency market, with Bitcoin’s price fluctuating significantly in recent months. However, he remains unfazed, maintaining that Bitcoin is a “long-term game” and that investors should focus on its long-term potential rather than short-term price movements.
“I’m not concerned about the price of Bitcoin in the short term,” Saylor said. “I’m focused on the big picture, and I believe that Bitcoin is going to be the dominant store of value in the future.”
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