Michael Saylor, the CEO of Microstrategy, recently revealed that there are certain immutable characteristics of bitcoin (BTC) exist that can simply be too much of a headache for some investors.
Microstrategy is a company that focuses on bitcoin on a large scale. Not long ago, the company bought for such a $500 million a large amount of bitcoins.
High volatility carries great risks
In a interview with Sven Henrich, host of NorthmanTrader on Youtube, Michael Saylor is warning investors about the volatility of the largest cryptocurrency.
“The people who invest in bitcoin as traders, who don’t look at the technology behind it or with a… macrolook, will always be disappointed by the volatility”.
This is a real treat. Join @michael_saylor & @NorthmanTrader for an in-depth critical, but fun discussion of #Bitcoin, #Crypto & how it all fits in with the evolving global macro environment
I learned a lot & enjoyed it very much, hope you do too.https://t.co/4UKwCjZEjm
– Sven Henrich (@NorthmanTrader) July 3, 2021
Saylor’s message is clear: Bitcoin is not a way to get rich quick and make easy money. According to him, new investors and traders should only invest with money they are willing to lose.
In addition, Saylor argues that such investors should not be guided by impulse decisions and should not advise acquaintances or friends to invest in bitcoin in the purely short term.
Saylor stays bullish
Despite the warnings that Saylor gives to inexperienced investors, he continues to believe in the future of bitcoin and the world of cryptocurrencies.
Because the traditional fiat As currencies such as the US dollar and the euro continue to be printed at a rapid pace, Saylor believes that bitcoin will only get stronger and stronger.
“I see bitcoin as the most widely distributed and strongest type of monetary asset in the world”
It comes as no surprise that Saylor takes this position. His company, Microstrategy, recently released that they planned to sell at least $1 billion worth of shares to finance the purchase of more bitcoins, among other things.
Saylor is an optimist when it comes to the future of bitcoin, but his warning to new investors is an important one: Be careful and don’t invest money you can’t afford to lose.
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