The purchase of the first cryptocurrency as a backup asset was right, it will confirm the reliability of bitcoin in the future. This was stated by Michael Saylor, former president of MicroStrategy, in an interview with Stansberry Research.

“After acceptance strategies We knew that if we kept it in a bank account, we would lose 20% of our purchasing power per year to the reserves. we can suffer […]“But we got on the first cryptocurrency lifeboat with the understanding that we will be thrown into the ocean but not drowned, and we will appreciate this step over time.” – The sailor stressed.

Two years after the initial investment of $250 million, the Bitcoin maximalist said the asset has outperformed its competitors.

“The price of the first cryptocurrency is up 101 percent, the S&P 500 is up 23 percent, and the Nasdaq is up 15 percent. Bonds fell 12%, gold – 15%, silver – 18%. The only instrument showing the best dynamics was MicroStrategy stock (166% growth)”explained.

According to Saylor, the volatility of cryptocurrencies will only affect short-term investors and publicly traded companies, and bitcoin is not for everyone. Those who bought the coin in the last three to six months are sitting at a loss, facing the effects of the Fed’s tightening policy and Terra’s collapse.

“The investment must be for a period of at least four years. Ideally, this is the transmission of wealth from generation to generation. The metric that confirms this is the four-year moving average. – The sailor explained.

As of June 30, 2022, MicroStrategy holds 129,698 BTC (about $4 billion at the time of writing).

Recall that Saylor stepped down as CEO of the company in early August and remains chairman of the board.

Previously, he consistently called the first cryptocurrency the most reliable thing in an unstable world and a global reserve asset.

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