Bitcoin rose more than 3% on 11/10 (Sun), breaking through $79,000, stimulating people in all markets during a quiet holiday. In the absence of any explosive news, analysts believe it may be due to the general global holiday, with institutions and professional traders relatively less active, leading to an upward pull in a market with limited liquidity. Of course, this overall optimism is also related to the policy-friendly expectations of Trump's election.
As Bitcoin hit a new high, MicroStrategy founder Michael Saylor said in an interview that none of the Bitcoin holders over the past four years have lost money.
MicroStrategy founder explains the investment cycle of Bitcoin: Holding on forever is the right thing to do
MicroStrategy founder Michael Saylor said in an interview that if you want to invest in Bitcoin, the short-term cycle is four years, the long-term cycle is ten years, and the correct investment cycle is to hold on forever. He even quoted the famous saying of Buffett, who is not very fond of Bitcoin, saying that if you can't invest in a target for ten years, you shouldn't even hold it for ten minutes.
"If you look back at the trajectory of the past four years, no one who held Bitcoin has lost money."
He said that MicroStrategy started buying Bitcoin when it was $10,000, so as time goes by you will get the results; but this is both a blessing and a curse, a blessing because it has become the most interesting and exciting thing in the global monetary world, a curse because it may bring anxiety to some short-sighted and opportunistic people in the short term.
