According to U.Today, Michael Saylor, CEO of MicroStrategy and a well-known Bitcoin advocate, has once again shared his thoughts on the cryptocurrency market. Saylor's company is among the largest corporate holders of Bitcoin, reflecting his bullish stance on the cryptocurrency. In a recent social media post, he emphasized a crucial piece of advice for digital asset enthusiasts.
In cryptocurrency terminology, a 'sat' refers to a satoshi, the smallest unit of Bitcoin, named after its enigmatic creator, Satoshi Nakamoto. Therefore, 1 BTC equals 100 million satoshis. The phrase 'stack sats' has gained popularity among Bitcoin supporters, promoting consistent accumulation over time, irrespective of price fluctuations.
This philosophy highlights the significance of long-term investment and patience, suggesting that accumulating small amounts of cryptocurrency can gradually result in substantial gains over time. Saylor's message embodies this investment strategy and mirrors his broader views on Bitcoin. He promotes a disciplined approach to investing, cautioning against the dangers of attempting to time the market or making large, speculative bets.
MicroStrategy has frequently made news for its significant investments in Bitcoin, and Saylor's persistent advocacy has established him as a prominent voice in the crypto space. While he encourages people to be humble and accumulate Bitcoin, even in small fractions, the price of the leading cryptocurrency continues to test everyone's patience.
For the past fortnight, BTC has been trading within an extremely narrow price range, with an upper limit of $72,000 and a lower one of $66,800. Most of the time, the price of Bitcoin is maintained at $68,000.