MicroStrategy Keeps Holding Bitcoin Despite Its Price Falling Further

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Michael Saylor stated that none of his firm’s BTC holdings would be sold. The executive revealed this during a virtual discussion with Bloomberg’s Studio 1.0.

The Ideal Time Horizon Is Infinite

Notwithstanding the almost 3 months’ correction, Michael Saylor claimed that his company’s purchase intentions for Bitcoin will not be altered. BTC holders, he said, will witness value rise if they have the correct time horizon.

A short-time horizon for BTC investment is 4-years, a mid-time horizon is ten years, and the appropriate time horizon is forever. You’ll be alright as long as you have the correct time horizon.

According to Saylor, MicroStrategy will keep its diamond hands even though the bears maintained their reign indefinitely. He insists that he’s still positive on the digital currency and that the company wouldn’t abandon its BTC acquisition strategy, which has reportedly resulted in the company purchasing nearly $5B worth of the asset at current exchange prices. “No,” Saylor stated. No. We aren’t in the business of selling things. Aren’t we just buying and holding BTC? That is our plan.”

Since around August 2020, MicroStrategy was the earliest openly traded business to buy and store BTC as a component of its holdings. Ever since the business has increased its Bitcoin holdings to around 124,391 Bitcoin, others have been able to get publicity to the digital assets via its stocks due to MicroStrategy’s massive publicity to BTC.

Saylor’s company followed through on its promise in August 2020, expanding its assets at various times. The corporation is alleged to have bought approximately 1,914 Bitcoin in mid-December 2021. Despite the long period of market corrections, Saylor continues to feel that BTC is a stronger inflation hedge. He has stated that the firm’s BTC holdings provide him with “huge reassurance” amid historic inflation figures.

Winter Is Here To Stay

For almost three months, the cryptocurrency markets have been in a sustained correction period. According to analysts, the continual sell-off is due to organizations profiting from the budding market’s colossal year in 2021. Although it’s uncertain when assets would emerge from their present state of decay to offer enthusiasm for bulls, investors stay hopeful that a breakout role is just close by.

The market leader, BTC, has been among the worst-affected cryptocurrencies during the downturn. BTC has lost about 40 percent of its valuation after hitting an ATH of roughly $69,000 at the beginning of November. Its market capitalization has also decreased, falling from nearly $1T to around $651B today.

As additional cryptocurrencies gain momentum, BTC’s market share tends to erode, hitting new lows of around 40 percent. This has sparked speculation over if a particular option is on the horizon, with specific analysts declaring that the altcoin period is here.


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