Michael Saylor, Chairman of business intelligence firm MicroStrategy, deleted his usual post on X. The message reflected Saylor’s optimistic disposition towards Bitcoin (BTC) despite market dynamics. As the current price rapidly drops, Saylor shrugged off the gloomy mood and issued a striking message to Bitcoin investors.
Resilience amidst volatility
Saylor issued a four-word statement: “Wear a Hard Hat.” The Bitcoin enthusiast attached a picture of himself wearing an orange hard hat, with Bitcoin written on it and a vest. Behind him was a screen of market activity as traders stared at what could be a grim market move.
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Despite the tense atmosphere, Saylor still believes investors should put on their helmets during market downturns, which could be temporary.
Interestingly, workers stay safe on construction sites by wearing hard hats to protect themselves from falling objects. Saylor seems to have the same advice for Bitcoin investors to protect themselves.
Analysts suggest that investors can use stop-loss orders, hedge with derivatives or monitor market sentiment in a falling market. However, Bitcoin advocates prefer to stay calm and stick to their Bitcoin accumulation plan for Saylor.
MicroStrategy's sustainable Bitcoin strategy
As reported by U.Today, Saylor continues to stick to his massive accumulation strategy in Bitcoin regardless of the price.
When Bitcoin hit $100,700 after a temporary dip, Saylor dismissed the idea of selling to take profits in an interview. He maintained that the Bitcoin community would never trust MicroStrategy if the company decided to sell BTC. This highlights Saylor and MicroStrategy’s holding strategy.
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Meanwhile, Saylor has hinted at changing MicroStrategy’s fundraising approach to add more smart leverage. After hitting its target earlier than expected, Saylor said the company will continue to raise capital primarily through the debt markets.
He believes the company needs more leverage to offset its increasingly deleveraged position.
