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

Key takeaways:

• Michael Saylor has pointed retired that anyone who has held onto Bitcoin for 4 years has ne'er mislaid money.
• Mr. Saylor besides explained that MicroStrategy had backtested its Bitcoin strategy against alternatives specified arsenic golden and the Nasdaq, and it performed 10x better.
• He besides agreed that present could beryllium the champion clip to bargain Bitcoin if your clip skyline is 10 years.

MicroStrategy’s CEO, Michael Saylor, has pointed retired that anyone who has held Bitcoin for 4 years has ne'er mislaid money.

Mr. Saylor shared his Bitcoin insights during an interrogation connected CNBC’s Squawk Street, wherever helium besides pointed retired that a bully indicator of Bitcoin’s worth is its four-year elemental moving mean astir the $21.6k terms level.

He said:

Yeah, I deliberation if you deliberation astir Bitcoin if your clip skyline is 1 month, it looks similar a volatile hazard asset. But if your clip skyline is 10 years, it looks similar a risk-off store of worth asset.

So the crossover constituent is 4 years. Nobody’s ever mislaid wealth investing successful Bitcoin for 4 years and if you privation to surrogate for the publication worth of the Bitcoin network. It would beryllium the four-year elemental moving average. The elemental moving mean of Bitcoin implicit 4 years is astir $21,685.

MicroStrategy Has Backtested its Bitcoin Strategy.

With respect to the ongoing interest that MicroStrategy’s Bitcoin is underwater with an mean introduction of $30,700, Mr. Saylor explained that the institution had backtested its BTC strategy against each different alternate opening August 10th, 2020. This includes golden and the Nasdaq.

According to Mr. Saylor, Bitcoin has performed amended than thing other by a origin of ten. He stated that golden is down 10 percent, the Nasdaq is flat, and Bitcoin has been up 86% since August 2020.

Now Could beryllium the Best Time to Buy Bitcoin.

Furthermore, erstwhile asked whether present was a bully clip to bargain Bitcoin, Mr. Saylor said that current prices could supply a bully introduction point. He explained:

Absolutely. Bitcoin’s backed by the astir almighty unafraid machine web successful the world. If I gave you a 100 cardinal dollars, you can’t reproduce it, and it’s beyond a nation-state onslaught oregon firm attack.

So erstwhile you recognize that and the information that it’s a singularity there’s thing similar it successful the world…then yeah. This is successful information an perfect introduction constituent to get into this happening each right.