MicroStrategy CEO and Bitcoin evangelist Michael Saylor appeared in a recent interview to share his insights into the global macro environment alongside Bitcoin (BTC) and cryptocurrencies in general.
Regarding the risks associated with volatility, Saylor said, “People who invest in Bitcoin as traders – and they have no technology perspective or macro vision – will always be disappointed because it is not stable. “
In accordance with the advice of experienced crypto traders, Saylor warns viewers not to invest (in Bitcoin and other cryptocurrencies) for as long as they can bear. The American businessman also warns investors against impulsive trades based on speculation and offers investment advice to fellow traders looking to take short-term profits.
On the other hand, this entrepreneur believes that complicated regulations are the biggest threat to the crypto economy right now.
Related: 44% of Investors Predict Bitcoin to Fall Below $ 30,000 in 2021: CNBC Survey
As stronger fiat currencies like the US dollar and euro continue to be printed, Saylor speculates that Bitcoin will only get stronger and concludes:
“I consider Bitcoin to be the most widespread and most powerful investment brand in the world.”
A recent survey of a small group of Bitcoin investors found that 44% of investors expect Bitcoin price to drop below $ 30,000, while 56% predict the bull cycle will continue.
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