Michael Saylor, CEO of MicroStartegy, which has made a name for himself with his investments in Bitcoin, shared his thoughts about Bitcoin.
Known for his support for Bitcoin, Saylor tweeted that he supported Binance CEO CZ’s post on his Twitter account about price fluctuations in Bitcoin.
Binance CEO shared the Bitcoin chart, “While the price moves up and down, technology innovation only moves in one direction. Focus on the long term.” he said.
Stating that today’s trade is Bitcoin with his tweet, Saylor compared buying Bitcoin today to buying shares of Apple, Amazon, Google and Facebook 10 years ago.
The famous CEO emphasized that focusing the price fluctuations in the market can cause mistakes, and stated that all these digital assets are a growth-prone technology network and the best strategy today is to “buy Bitcoin and wait”.
Trading #Bitcoin is like trading Apple, Amazon, Google, or Facebook a decade ago. The more you obsess over timing the market, the more mistakes you make. They were all technology networks that were dominant & destined to grow. The best strategy is to buy bitcoin and wait. https://t.co/D3XiQ2B71R
— Michael Saylor⚡️ (@michael_saylor) October 12, 2021
Bitcoin, which has been on the rise for a while, is testing the $56,000 levels again today. Unless the $55,300 level is broken, Bitcoin’s strong outlook seems to continue.
*Not investment advice.