MicroStrategy’s Executive Chairman Michael Saylor, known for his vocal advocacy of Bitcoin (BTC), shared his accumulation strategy for the pioneer crypto. Saylor revealed the philosophy behind his company’s Bitcoin purchases, cementing his reputation as one of BTC’s most steadfast supporters.

The remark came following Bitcoin’s recent surge past the $100,000 milestone. The 2024 trajectory has sparked interest in BTC as a long-term investment.

Michael Saylor Shares Bitcoin Investment Plan

In a recent interview, Saylor reiterated his long-standing mantra, “Buy Bitcoin, don’t sell Bitcoin.” He elaborated on MicroStrategy’s unwavering commitment to the digital asset and explained the simplicity behind their strategy.

“Every day for the past four years, I’ve said buy Bitcoin. I’m going to be buying Bitcoin at the top forever,” he stated.

Saylor emphasized the importance of viewing Bitcoin as a long-term capital asset rather than a tool for short-term gains. He advised investors to dollar-cost average (DCA) into Bitcoin every quarter and allocate funds they would not need for at least a decade.

“If you have money you don’t need for four years or, even better, ten years, you put it into a portfolio. Sweep some long-term savings into Bitcoin and don’t get too worked up over the volatility in the near term,” Saylor advised.

Dollar-cost averaging is an investment strategy in which you invest a fixed amount at regular intervals, regardless of the market’s performance. This approach helps redu

Go to Source to See Full Article
Author: Lockridge Okoth