Despite Bitcoin’s Dip, Michael Saylor Sticks to His Long-Term Bitcoin Be

TLDR

• Michael Saylor reaffirms his long-term commitment to Bitcoin despite recent market volatility.
• Saylor’s strategy remains consistent, with a focus on buying and holding Bitcoin without selling.
• Strategy, Saylor’s company, continues to accumulate Bitcoin through dollar-cost averaging.
• Even with Bitcoin’s price dip below its average purchase price, Saylor remains unfazed.
• Saylor’s approach emphasizes ignoring short-term market movements and focusing on Bitcoin’s long-term potential.

Michael Saylor, executive chairman of Strategy, has reaffirmed his commitment to Bitcoin despite ongoing market volatility. The cryptocurrency’s price has fallen significantly from its January highs, prompting concerns across the market. However, Saylor remains steadfast, maintaining his long-term conviction in Bitcoin.

Michael Saylor Restates His Bitcoin Creed: Buy and Hold

Michael Saylor’s stance on Bitcoin remains unchanged even as the market faces a downturn. Despite Bitcoin sliding to $74,000, Saylor reiterates his firm belief in accumulating and holding the cryptocurrency. “Buy Bitcoin and never sell” has been his guiding principle since Strategy first purchased Bitcoin in 2020. The company continues to follow this strategy, unaffected by short-term fluctuations.

This unwavering strategy has not faltered, even as Bitcoin’s price has dipped below its purchase price for the first time in months. However, Saylor’s company has never sold any of its Bitcoin holdings. Even in times of volatility, Saylor emphasizes buying more, viewing dips as opportunities to increase his position in Bitcoin.

Strategy’s Bitcoin Bet Under Pressure, but Stays the Course

Despite Bitcoin’s recent downturn, Strategy continues to expand its Bitcoin holdings. The company’s average purchase price is around $76,000, putting its holdings into unrealized losses when Bitcoin fell below that value. However, Strategy has maintained its dollar-cost averaging approach, purchasing additional Bitcoin during the market correction. This strategy of consistent accumulation aligns with Saylor’s belief in Bitcoin’s long-term potential.

On Monday, Strategy made another Bitcoin purchase, which Saylor confirmed with a post on X. The message, “More Orange,” signals that the company remains committed to growing its Bitcoin holdings even amid market volatility. The firm’s strategy has helped it maintain a profitable position as Bitcoin traded at $78,500.

Amid broader market turbulence, Saylor’s message to investors remains clear: ignore short-term price movements and continue accumulating Bitcoin. With Bitcoin trading at lower levels, some analysts see it as a buying opportunity. For Saylor, the market’s volatility is just part of the journey. He urges investors to focus on the long-term potential of Bitcoin, undeterred by temporary market corrections.

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