Saylor: No BTC Price Can Make Me Sell Bitcoin

No matter how low the price of Bitcoin is, Michael Saylor will not be forced to sell a token, either his own or that of the company he runs.

In a recent interview for Natalie Brunell’s Coin Stories, the CEO of MicroStrategy also pointed out that BTC is one of the few assets that meets the criteria of potential upward movement by a factor of 100. This is Saylor’s confirmation: No price of BTC can make me sell Bitcoin

Saylor: No BTC price can make me sell Bitcoin

It’s been almost a year since the founder and operator of MicroStrategy announced the company’s first massive BTC purchase, valued at over $ 200 million. Over the next 11 months, the giant continues to buy MicroStrategy, which to date owns more than 100,000 coins, and Saylor is known as one of the most prominent Bitcoin bulls.

In a recent interview with Natalie Brunell from Coin Stories, the executive spoke about the possible consequences for him and his company if BTC fails to keep its price above a certain price threshold or even drop below the average entry point of MicroStrategy.

However, Saylor insisted that even in such a scenario he would not be forced to sell. In contrast, he sees the crypto adoption curve as part of a natural shift and compares Bitcoin to fire and electricity.

“It took mankind 100,000 years to find fire – it was a slow thing. I think it took people 20 or 30 years to find electricity. I don’t think Bitcoin will take 30 years – I think information will travel faster, but it will probably be another decade. “

Saylor believes that “tens of thousands” of organizations and developers working to improve the Bitcoin network, including efforts from MicroStrategy, will increase mass adoption faster than people expect. As a result, his company continues its strategy in favor of BTC as it grows into a “$ 1 trillion, then $ 10 trillion, then $ 100 trillion” asset.

Saylor: No BTC Price Can Make Me Sell Bitcoin – Will Buying Bitcoin Make You Richer?

Saylor also discussed the recent views of Peter Schiff, a prominent gold advocate and bitcoin critic. The economist claimed in late June that people buy gold to get rich, not to get rich. At the same time, they put their hopes on BTC to get rich.

However, he sees Bitcoin as an asset that “has the power to even make you poor”.

The MicroStrategy CEO stated that “there are more ways to get rich by buying Bitcoin than by buying gold”. To create wealth, he advises people to look for “some big, tech-dominant digital networks that everyone needs, that no one understands, and that no one can stop.”

He gives some examples from Google, Amazon, Facebook and Apple that made the people who made them the richest people in the world. Perhaps more importantly, the people behind these huge fortunes did not sell stocks during a time of trouble and uncertainty.

The problem with gold, then, is that “it doesn’t create digital transformation. It’s a 5,000 year old idea that stopped working in 1914. “Bitcoin, on the other hand, stands for the ‘digital transformation of assets – gold not'”

“If you want to get rich, your only hope is to create an asset that will appreciate by 100 or buy an asset that will appreciate by 100.

By definition, the only asset that can be valued by a factor of 100 or 1,000 is an asset that 99% of the population either does not appreciate or understand. “

However, Saylor stressed the importance of people doing their own research thoroughly before allocating funds, but believes that “Bitcoin meets the general criteria because it is a large technology network that is not very valued and has enormous upside potential ”.

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