Great Time of buying BTC, says Michael Saylor
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Recent bloodbath in crypto market created fear as a result investors reluctant to invest in crypto market. Fear came after billion of USD wiped from the market in couple of day. In such situation Microstrategy CEO, Michael Saylor think differently. According to him, it is the best time of buying BTC despite volatility in market.
source
Microstrategy business intelligence mobile software, and cloud-based services firm has 129,218 BTC. Average buying price of Microstrategy is $30,700. At the time writing worth of BTC is around $21,000. Almost firm is loosing $9,700 against 1 BTC. Despite the big loss Michael Saylor backed the decision of investing in BTC.
Talking to CNBC, Microstrategy CEO said that his company is interested to accumulate more BTC. He further added that investment in BTC is better than gold and oil investment. Saylor added that BTC is a long term investment. Investors who will hold BTC for longer period never loose money.
Let's see if Saylor statement and backing on BTC help to win investors trust. Hope for the best. This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
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When the price of BTC was above 50 k I thought I man never seen the price of it below 30 k again and I was regretting that time thinking that if I would buy some BTC . So currently I am trying to accumulate BTC at much as I can and other crypto because I don't wanna regret again. I also think that it's the best time for it.
we hope that , after the bloodbath , BTC will come out strong and even push higher
Honestly ! Anything to make the bear market ease a bit should be tried to be done .. To a certain extent the tech mogul could be right .
Is it a good time or is it a bad time to invest? He has done his research, every other person should do theirs before investing
At this point, we can only wait and see.
It will be interesting to see how it plays out.