MicroStrategy CEO, Michael Saylor opines that Bitcoin‘s volatility will always disappoint investors who lack a broader view of its technology and base their decisions on pure speculation. Saylor, a longstanding Bitcoin proponent, discussed the threats and prospects for the global crypto economy during an interview with Sven Henrich from the Northman trader.
He advised traders to invest wisely in Bitcoin and only expend the funds they could afford. Saylor also cautioned investors against speculative trading and asserted that he’s incapable of advising anyone who intends to invest in Bitcoin for a shorter duration.
For Saylor, regulatory complications present a considerable threat to the crypto industry. Although, he has sided with regulations in previous exchanges and suggested that they have the potential to increase institutional interest in the largest cryptocurrency.
On the other hand, Saylor feels that Bitcoin could be bolstered further by continued printing of major fiat currencies such as the US dollar and euro. He indicated that this could work in the digital asset’s favor since he sees it as “the most distributed, strongest brand of a monetary asset in the world.”
Notably, MicroStrategy is one of the biggest public holders of Bitcoin in the world. The company had recently announced the sale of its stocks worth $1billion to accumulate more Bitcoin, after completing a $500 million dollar sale of senior secured notes to raise funds for its crypto purchase.