bitcoin its record low price shouldn’t be a problem, according to MicroStrategy CEO Michael Saylor. Expressing that he will continue to buy Bitcoin at every opportunity, Saylor found a new statement about BTC.
“My Target Timeframe for Bitcoin is 10 Years and Beyond”
Saylor explained in his statements that his target timeframe for Bitcoin is “ten years and beyond”. Thus, Saylor gave signals that they will continue to buy BTC in the next 10 years.
MicroStrategy last announced this week that it had purchased 660 more BTC between December 30, 2021 and January 31, 2022. The company’s last purchase cryptocurrencies It cost a total of $25 million at an average of $37,865.
125,051 BTC held by the company at the time of this writing, which corresponds to a total of approximately $4.8 billion, with an average of approximately $30,040.
Saylor, in a statement he made a short time ago, said the following about BTC: “People buy Bitcoin because they want to buy an asset that they understand will have value 100 years from now. The truth is, there aren’t any securities on the New York Stock Exchange that you can tell will have value 100 years from now.”
Bitcoin price broke the all-time record with $69,000 on November 9, but since that date, it has been on a downward trend. BTC price is trading at $ 40,400 at the time of this writing.