Summary:
Michael Saylor is bullish on Bitcoin, viewing it as a vital asset in today's economy.
Bitcoin is the only global capital market that operates continuously.
The recent volatility is seen as a sign of high energy and opportunity.
Bitcoin's growth has outpaced the S&P 500 and bonds significantly.
Saylor plans to continue buying Bitcoin regardless of its price fluctuations.
Bitcoin's Resilience Amid Market Turmoil
Bitcoin (BTC-USD) is bouncing back from the recent global market sell-off, and Michael Saylor, executive chairman of MicroStrategy (MSTR), is optimistic about its future. In a recent interview with Yahoo Finance, he elaborates on why he believes Bitcoin is an essential asset in today's economy.
Bitcoin: The Only Global Capital Market
Saylor emphasizes that Bitcoin is the only truly global capital market, operational even when other markets are closed. He states, "The volatility is the price you pay to create billions of dollars of credit and liquidity at your fingertips, anytime and anywhere." This unique characteristic is vital for the asset's success.
High Energy and Digital Power
Despite its recent fluctuations, Saylor interprets Bitcoin's volatility as a sign of high energy. He argues that the future is digital and asserts, "There's a race to own cyberspace. Empires are built on productive property and defended by various powers, including digital power. Bitcoin represents that digital power."
Impressive Growth Statistics
Saylor highlights that Bitcoin has appreciated 55% annually over the past four years, in stark contrast to the S&P 500's 13% and bonds' 5% depreciation.
Continuous Investment Strategy
He concludes with a clear message: "We're buying all the time. We're buying every quarter. Whether it's lows, mids, or highs, I'll be buying the top forever because I expect Bitcoin to continue appreciating as digital capital."
For more insights and market action, check out the full episode of Market Domination.
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