Michael Saylor, one of the biggest Bitcoin whales in the market, shared the cryptocurrency that he will buy forever. MicroStrategy CEO is among the experts who argue that leading crypto is a safe haven against inflation.
Michael Saylor is determined to buy this cryptocurrency
MicroStrategy co-founder and CEO Michael Saylor shared in a recent interview whether his view on Bitcoin has changed recently. Known for his affinity for Bitcoin, Saylor is a well-known cryptocurrency phenomenon who considers cryptocurrency the ultimate safe haven and inflation hedge.
Saylor during interview, pandemic 2020 He said the leading cryptocurrency has risen 229%, the US money supply 36%, gold 7%, the S&P 500 29% and the Nasdaq 19% since it started in . As a result, Saylor believes the Nasdaq is a safe haven if you can tolerate volatility and have a long-term perspective.
MicroStrategy prepares to buy more Bitcoin
When asked about the company’s current policy, Saylor stated that MicroStrategy does not sell any of its BTCs, but instead buys more when it has money. In addition, the CEO said that they want to “buy from the top forever”. MicroStrategy, a business analytics software maker, currently holds 129,218 Bitcoins worth $3,723,248,686 at the time of writing.
So what’s up with Bitcoin right now?
Michael Saylor said that his company will continue to buy Bitcoin, while Bitcoin is currently trading below $ 29 thousand after $ 30 thousand. JPMorgan analysts also believe that the fair price of Bitcoin is 28% higher than its current level. In fact, the firm also claimed that $38,000 would be a reasonable price for Bitcoin. In a note written on Wednesday by Nikolaos Panigirtzoglou, whose analysis we shared as Kriptokoin.com, the following predictions were made:
Last month’s crypto market correction looks more like capitulation than last January/February, and prospectively for Bitcoin and the crypto market. More generally, we see it upwards.
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