Michael Saylor: Don't Worry About BTC's Volatility

According to Michael Saylor of MicroStrategy, the volatility of bitcoin is not something people should be concerned about.

Michael Saylor Isn’t Concerned About Bitcoin’s Up-and-Down Nature

Saylor is the CEO of MicroStrategy, one of the world’s largest software firms. Interestingly, his company began purchasing bitcoin in August of 2020 during a time when it was practically unheard of that an institution would ever get involved in crypto trading.

However, according to Saylor, bitcoin is one of the most trustworthy assets known to man, and he was eager to take advantage of the currency’s strength and stability. He was quick to add it to his company’s balance sheet, and MicroStrategy has become one of the largest – if not the largest – institutional supporters of BTC and blockchain.

In a recent interview, Saylor said that the volatility bitcoin has often dealt with is not something people should really worry about. He says:

Bitcoin is the most certain thing in a very uncertain world. It’s more certain than the other 19,000 cryptocurrencies. It’s more certain than any stock. It’s more certain than owning property anywhere in the world.

Bitcoin has gone through very heavy ups and downs in the past, but in the end, it always winds up coming back on top. BTC initially experienced heavy drops from the end of 2013 through 2015. During that first period, the currency was trading for about $1,000 per unit, though it fell to below $200 two years later, largely due to the Mt. Gox debacle that would occur in Japan.

2018 also saw very dismal trading figures for BTC, which had spent the previous year hitting a new all-time high of nearly $20,000 per unit. From there, the asset experienced a string of dips that caused it to fall into the mid-$3,000 range by the time November rolled along.

Now, it looks like the world’s number one digital asset is doing the same thing. Bitcoin rose to about $68,000 at the end of 2021 – the highest it’s ever been – but now, it’s falling again, and at the time of writing, the asset is trading for under $30K.

Discussing recent market trends, Saylor commented:

I don’t know if it’s a bear market or not, but if it is a bear market, then we had three of them in the last 24 months. If you’re not planning to hold it for four years, you’re not an investor at all. You’re a trader, and my advice for traders is [to not] trade it. Invest in it.

What’s the Big Benefit?

Last January, he stated:

You have a lot of leverage offshore. You have a lot of crypto exchanges that can trade with up to 20 times leverage, and those crypto exchanges have many, many tokens that are cross-collateralized. Between them and the decentralized finance [defi] exchanges, you can get much higher than 20 times leverage.

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