Bitcoin’s short-term volatility doesn’t matter if you have an understanding of the fundamentals of the leading cryptocurrency and how difficult it is to create something better. This view was expressed by Michael Saylor, president of MicroStrategy, in an interview with The Block.

“Bitcoin is the most reliable thing in a highly volatile world. “It is more reliable than any stock, any other 19,000 cryptocurrencies, than owning property anywhere in the world.”

According to him, people who have invested at least $100 in bitcoin can talk about cryptocurrencies. Otherwise, Saylor said, they “probably have nothing to say about it.”

Commenting on Terra’s collapse and the subsequent market correction, the MicroStrategy head doubted that what had happened was evidence of the bearish phase.

“I don’t know if it’s a bear market, but if it is, we’ve had three of them in the last 24 months,” he said.

Sailor added that he prefers not to get caught up in short-term prices. According to him, people who pay too much attention to graphics are “guessing on coffee grounds.”

“If you don’t mind hiding [биткоин] For four years you have not been an investor, you are a trader, and my advice to traders is: do not trade, invest, ”says the senior manager.

MicroStrategy is the first publicly traded company to invest some of its own capital in digital gold. Since December 2020, the company has started using debt financing to buy bitcoin.

In March 2022, MicroStrategy raised a $205 million loan secured by cryptocurrency savings. Later, its division – MacroStrategy – bought 4167 BTC for $ 190.5 million.

According to Bitcoin Treasures, the software provider is holding 129,218 BTC in balance – just over $4 billion at the exchange rate at the time of this writing.

Recall that in May Saylor announced that the company has no plans to sell bitcoin. He promised to continue to buy the first cryptocurrency within the same month.