MicroStrategy CEO: No One Has Ever Lost Money Investing in Bitcoin for Four Years

Key takeaways:

• Michael Saylor has identified that anybody who has held onto Bitcoin for 4 years has by no means misplaced cash.
• Mr. Saylor additionally defined that MicroStrategy had backtested its Bitcoin technique in opposition to alternate options resembling gold and the Nasdaq, and it carried out 10x higher.
• He additionally agreed that now might be one of the best time to purchase Bitcoin in case your time horizon is ten years.

MicroStrategy’s CEO, Michael Saylor, has identified that anybody who has held Bitcoin for 4 years has by no means misplaced cash.

Mr. Saylor shared his Bitcoin insights throughout an interview on CNBC’s Squawk Avenue, the place he additionally identified {that a} good indicator of Bitcoin’s worth is its four-year easy shifting common across the $21.6k worth degree.

He said:

Yeah, I believe if you concentrate on Bitcoin in case your time horizon is one month, it seems like a risky threat asset. But when your time horizon is 10 years, it seems like a risk-off retailer of worth asset.

So the crossover level is 4 years. No one’s ever misplaced cash investing in Bitcoin for 4 years and if you wish to surrogate for the e-book worth of the Bitcoin community. It will be the four-year easy shifting common. The easy shifting common of Bitcoin over 4 years is about $21,685.

MicroStrategy Has Backtested its Bitcoin Technique.

With respect to the continued concern that MicroStrategy’s Bitcoin is underwater with a mean entry of $30,700, Mr. Saylor defined that the corporate had backtested its BTC technique in opposition to each different various starting August tenth, 2020. This consists of gold and the Nasdaq.

In line with Mr. Saylor, Bitcoin has carried out higher than the rest by an element of ten. He acknowledged that gold is down ten %, the Nasdaq is flat, and Bitcoin has been up 86% since August 2020.

Now Might be the Greatest Time to Purchase Bitcoin.

Moreover, when requested whether or not now was a great time to purchase Bitcoin, Mr. Saylor mentioned that present costs may present a great entry level. He defined:

Completely. Bitcoin’s backed by probably the most highly effective safe laptop community on the planet. If I gave you 100 billion {dollars}, you possibly can’t reproduce it, and it’s past a nation-state assault or company assault.

So when you perceive that and the truth that it’s a singularity there’s nothing prefer it on the planet…then yeah. That is in actual fact an excellent entry level to get into this factor all proper.