Long-term BTC owners are strong stewards of their digital assets, even in difficult circumstances. Michael Saylor, CEO at MicroStrategy stated that Bitcoin is the most innovative financial innovation of the modern era.
Saylor says that a BTC holding period of at least 4 years is a good short-term goal. He stated that Bitcoin holdings are best done ‘forever’. MicroStrategy is the largest institutional holder of Bitcoin in the world. MicroStrategy, a public-listed business intelligence company, recently announced the acquisition of 1,914 bitcoins in a cash deal valued at approximately $94million. The company now has more than 124,000 coins.
If you plan to invest in Bitcoin, the short-term time horizon should be four years. The mid-term time frame should be ten years. And the right time period is forever. You can see that no one has lost any money while holding BTC for more than four years. According to Saylor, the initial purchase was $10,000. Now it is up by four,” Saylor said during an interview with Bloomberg.
Saylor, who called Bitcoin “digital property” in November 2021, predicted that Bitcoin would be used worldwide as a store-of-value.