According to U.Today, MicroStrategy co-founder Michael Saylor has confirmed in a recent Bloomberg interview that he has not sold any of his personal cryptocurrency holdings. Saylor's holdings are estimated to be worth approximately $1 billion. Despite Bitcoin's volatility, Saylor asserts that it remains the best option for long-term capital management.
Saylor elaborates that Bitcoin has the potential to create generational wealth for families and corporations. He highlights its liquidity, stating that it can be liquidated at any time, in any amount, and anywhere in the world, or it can be held indefinitely without requiring active management or business expertise.
According to Forbes, Saylor's personal net worth is currently $4 billion, ranking him as the 795th richest person globally. He initially became a billionaire during the dot-com bubble but famously lost $6 billion in a single day due to a significant drop in MicroStrategy's stock.
Saylor downplays the significance of recent market pullbacks, emphasizing that timing the market is impossible. He states that MicroStrategy's strategy is to acquire as many Bitcoins as possible when opportunities arise. He views Bitcoin's volatility as a feature that drives superior long-term performance and durability. Saylor believes that Bitcoin is a superior form of capital investment compared to physical or financial capital, capable of being held for decades.
