MICHAEL SAYLOR ON WHY YOU SHOULD NEVER TRADE BITCOIN
Michael Saylor is a well known voice in the crypto space because of his radical views on Bitcoin, money and financial investing in general. Some call him a Bitcoin maximalist because he holds an only Bitcoin view maybe because his company, MicroStrategy (Nasdaq: MSTR) is the largest independent publicly-traded business intelligence company, with the leading enterprise analytics platform and also has the most amount of Bitcoin.
The most recent purchases of 6,455 bitcoins brought MicroStrategy’s holdings to about 138,955 BTC, worth $4.14 billion and acquired at an average price of roughly $29,817 each. BitcoinBTC is currently quoted at $26,494 up 39%.
In a recent Bitcoin conference, Michael Saylor reiterated his view that selling bitcoin is a bad investment habit but the better approach would be to just hold Bitcoin.
Infact, he said; " Trading Bitcoin is a sign of a lesser intellect" While many profitable Bitcoin traders like the swing traders, spot traders, futures traders and the likes would blatantly disagree with this view, Michael Saylor gave solid reasons which is why you just have to watch this video to the end
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MICHAEL SAYLOR ON WHY YOU SHOULD NEVER TRADE BITCOIN
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