First-time bear market? It’s also the first Bitcoin (BTC) bear market for Michael Saylor, one of the world’s biggest Bitcoin bulls.
Executive chairman of one of the world’s largest pro-Bitcoin companies, Saylor took a moment out of his busy schedule at the Los Angeles Pacific Bitcoin conference to speak with Cointelegraph.
Crucially, Saylor told Cointelegraph that when it comes to Bitcoin, “you have to take a long frame time perspective.” Dollar-cost averaging is a way of reducing exposure to the volatility of an investment.
Saylor continued, “You buy the asset that you want to hold for a decade or longer, which is the long-term store of value.”At 130,000 BTC, MicroStrategy owns 0.62% of the total supply of Bitcoin, as the total Bitcoin mined is restricted to 21 million.Read more on cointelegraph.com