After Bitcoin reached the milestone of $100,000 for the first time, Michael Saylor, founder and chairman of the US-listed company MicroStrategy, the largest holder of Bitcoins, recently gave an interview with Yahoo Finance, explaining why MicroStrategy has become a stable buyer of Bit.coin.
For the past four years, I've been saying every day to buy Bit.coin, not to sell Bit.coin, I will buy more Bit.coin, I will always buy Bit.coin at the highest point, my strategy is a very simple idea, just keep using your idle funds to buy Bit.coin, Bit.coin against the US dollar will always appreciate.
Michael Saylor believes that investors should view Bit.coin as a long-term capital asset, and if they have funds that they don't need for four years or even ten years, they can include Bit.coin in their investment portfolio, invest some of their long-term savings in Bit.coin each quarter, and hold it for ten years or longer, and not get too excited about short-term fluctuations. He also called out to investors:
You may not know the applications of Bit.coin, but there are indeed applications, MicroStrategy has made a lot of money by holding this digital asset, we are creating a lot of shareholder value from it, so you don't need to understand how we did it, you just need to hold your Bit.coin and let us drive up the price.
Calling for the US to sell its gold reserves and buy Bit.coin
In addition, in a recent interview with CNBC, Michael Saylor called for the US government to abandon gold and embrace Bit.coin, he believes that Bit.coin can help the US government control its position as the world's reserve and capital network, and his own suggestion is that the US government should purchase at least 20% to 25% of the Bit.coins currently in circulation.
Michael Saylor said that the US can sell all the gold in its reserves to buy Bit.coin, and if this goal is achieved, the US will become the world's reserve capital network, and the value of gold will decline, bringing economic difficulties to competitors with large gold reserves.
Michael Saylor believes that if this happens, Russians, Chinese and foreigners will sell their assets to buy Bit.coin, and after the demonization of gold, capital will flow back to the US, at which point the value of the Bit.coin reserve could soar to around $100 trillion. He pointed out that under the Trump administration, discussions on establishing a Bit.coin strategic reserve are underway.
Michael Saylor predicted earlier this week that as global acceptance of digital assets gradually increases, Bit.coin will become the "global reserve capital", and by 2045, Bit.coin's market cap could grow from the current $2 trillion to $280 trillion, with the price of a single Bit.coin reaching as high as $13 million.
