Michael Saylor Says Bitcoin Volatility Will Always Hurt Some Traders PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Michael Saylor Says Bitcoin Volatility Will Always Hurt Some Traders

Michael Saylor Says Bitcoin Volatility Will Always Hurt Some Traders PlatoBlockchain Data Intelligence. Vertical Search. Ai.

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MicroStrategy CEO, Michael Saylor opines that Bitcoin‘s volatility will always disappoint investors who lack a broader view of its technology and base their decisions on pure speculation. Saylor, a longstanding Bitcoin proponent, discussed the threats and prospects for the global crypto economy during an interview with Sven Henrich from the Northman trader.

Michael Saylor Discusses Bitcoin Volatility and Gives Trading Advice

Explaining the risks associated with short-term trading, Saylor said, “The people that invest in Bitcoin as traders — and they don’t, they don’t have a technology view or the macro view — they’re always going to be disappointed because of volatility.”

He advised traders to invest wisely in Bitcoin and only expend the funds they could afford. Saylor also cautioned investors against speculative trading and asserted that he’s incapable of advising anyone who intends to invest in Bitcoin for a shorter duration.

“If on the other end you have a 10-year technology conviction and a 10-year macroeconomic conviction, or if you have an ideological conviction, then take money that you can hold for ten years,” Saylor stated while underscoring that Bitcoin’s price fluctuations have no impact on his personal finances since he can wait for the currency to recover from its losses.

Saylor equated his Bitcoin holdings with a tech investment because of the currency’s multiple functionalities like the ease of transfer and the many applications associated with it. He noted, “I am on the tech long-term tech investment, as the decade-long trend, and on the savings side.”

Saylor Talks About Threats to Crypto Industry

For Saylor, regulatory complications present a considerable threat to the crypto industry. Although, he has sided with regulations in previous exchanges and suggested that they have the potential to increase institutional interest in the largest cryptocurrency. 

On the other hand, Saylor feels that Bitcoin could be bolstered further by continued printing of major fiat currencies such as the US dollar and euro. He indicated that this could work in the digital asset’s favor since he sees it as “the most distributed, strongest brand of a monetary asset in the world.”

Notably, MicroStrategy is one of the biggest public holders of Bitcoin in the world. The company had recently announced the sale of its stocks worth $1billion to accumulate more Bitcoin, after completing a $500 million dollar sale of senior secured notes to raise funds for its crypto purchase.

READ  Microstrategy Buys Additional 205 Bitcoin (BTC) for $10 Million

#Bitcoin Volatility #CEO Michael Saylor #MicroStrategy

Source: https://www.cryptoknowmics.com/news/michael-saylor-says-bitcoin-volatility-will-always-hurt-some-traders

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