Bitcoin (BTC-USD) is making a comeback after the global market sell-off earlier this week. MicroStrategy’s executive chairman, Michael Saylor, shared his insights on Market Domination, expressing unwavering confidence in the cryptocurrency.
Saylor emphasized Bitcoin’s unique position as the only truly global capital market, operating 24/7, even when traditional markets are closed. He highlighted the cryptocurrency’s recent performance, asserting that its volatility is the price of maintaining constant liquidity and credit availability worldwide.
Saylor is optimistic about Bitcoin’s future, viewing it as a critical digital asset in the race to dominate cyberspace. He likened Bitcoin to a form of “digital power,” essential for building and defending empires in the digital age. Despite recent dips, Saylor remains committed to continually investing in Bitcoin, citing its impressive 55% annual appreciation over the past four years compared to the S&P 500’s 13% and bonds’ 5% depreciation.
In his closing remarks, Saylor reaffirmed his strategy of consistently buying Bitcoin, confident in its long-term value as digital capital.
