- Saylor expressed his belief that regulatory intervention in the digital markets would eventually yield positive results for the asset.
- Saylor has a long (and volatile) history with crypto. He entered the Bitcoin industry in late 2020 and began allocating the company’s reserves into the asset in August of that year.
- MicroStrategy’s Bitcoin investments continued even during a period known as one of the worst bear markets in crypto history.
Michael Saylor, known for his Bitcoin maximalism and BTC investments, stated in an interview that he believes capital in the crypto ecosystem will flow into Bitcoin.
Saylor Shares Thoughts on Bitcoin
Recently, Saylor made statements in an interview that demonstrated his Bitcoin maximalist stance. He implied that he would never lose hope in Bitcoin adding value to something. In the new interview, he took his ideas and comments to the next level.
Saylor expressed his belief that regulatory intervention in the digital markets would eventually yield positive results for the asset. He also stated that he believes the next halving, currently planned for 2024, will bring BTC to a new level of trading and valuation. Saylor said:
“I think crypto tokens and crypto securities will perhaps be subject to regulation outside of their asset. Bitcoin is the safest network. It’s the safest asset. Everything else has a black cloud over it. You will see capital continually flowing into Bitcoin from the rest of the crypto ecosystem.”
Saylor has a long (and volatile) history with crypto. He entered the Bitcoin industry in late 2020 and began allocating the company’s reserves into the asset in August of that year. Additional investments came when he started making profits, and initially, everything was going as he wanted.
However, in early 2022, as the market started to crash and losses began to accumulate, Saylor continued to invest in BTC, even during what is known as one of the worst bear markets in crypto history. Shortly after, he put his company into billions of dollars in debt and stepped down from his position as CEO, which he held for over 30 years.
“We’re in a Bull Run”
Furthermore, he noted that the industry is experiencing “growing pains,” but he stated that this is to be expected from something still in its infancy. He said that Bitcoin and crypto need to overcome these obstacles to become lasting and robust tools that investors can truly benefit from. He stated:
“Bad leverage is almost completely gone. Everyone who shorted, remortgaged, or lent against Bitcoin has gone bankrupt. The remaining exchanges where you can short Bitcoin are under extreme regulatory pressure. I think Bitcoin has found its bottom level. Except for leverage. We’re in a bull run.”
