Michael Saylor Says Bitcoin Should Be Considered as a Safe Haven Asset
According to MicroStrategy founder Michael Saylor, his company will hold onto their accumulated Bitcoins even if the price decreases.
Since the summer of 2020, the IT developer has been regularly purchasing cryptocurrency and updating the public on their acquisitions. Saylor believes that considering Bitcoin solely as a currency is a mistake, and instead it should be seen as a secure asset.
He argues that Bitcoin serves as a means to keep your capital safe in the digital world, with the potential to hold its value for hundreds of years.
Saylor compares Bitcoin holders to property owners in prestigious areas of New York and London who view their assets as a long-term investment rather than a means of exchange. According to him, Bitcoin should also be seen in this light.
