Major Bitcoin bull Michael Saylor stated in his statement that he personally holds more than $ 1 billion in BTC.
Saylor said in his statement: “We buy Bitcoin every quarter. This is a long term strategy. The most important thing for people to understand is that Bitcoin volatility is a feature, not a bug.
This volatility creates tens of billions of dollars of credit and liquidity globally in the short term. Over the long term, this volatility provides superior asset performance and durability.”
Addressing concerns about Bitcoin's suitability as a store of value due to its volatility, Saylor said, “The reason Bitcoin moves is that it is a functional, digital capital.
It is superior to physical or financial capital. Bitcoin is a capital investment that no company, competitor, counterparty or country can take from you and that you can hold for decades.
“It can generate generational wealth and can be converted to cash at any time, anywhere in the world, or held indefinitely without active management,” he said.
*This is not investment advice.