Michael Saylor, chairman and co-founder of MicroStrategy, has made a strong statement to the community: “Learn to think in Bitcoin.” When Saylor’s message comes out, Bitcoin and other major cryptocurrencies still show that trading has been slow lately.
Bitcoin, a leading cryptocurrency, fell to its lowest point in almost a month on Friday, hitting $65,005, before slowly rising again. CoinMarketCap data shows that Bitcoin is trading at $66,571, a minor rise of 0.40% over the day. The market as a whole is still very unstable, and several coins have lost value in the last 24 hours.
Michael Saylor Urges Strategic Bitcoin Thinking Amid Market Reflections
Saylor sees the current slowdown in the market as a good time to think about himself and his plans. He says people should “learn to think in Bitcoin.” Saylor started his Bitcoin accumulation plan in 2020 to protect against inflation and hold Bitcoin instead of cash. Since then, his company, MicroStrategy, has gathered a significant $12.7 billion in Bitcoin, more than 1% of the total Bitcoin supply. Since MicroStrategy’s first purchases, Bitcoin’s value has grown by more than 600%.
This year, Bitcoin has surged up in value by about 60%. This is because people were hopeful that U.S. regulators would approve Bitcoin spot ETFs in January. At the same time, MicroStrategy’s stock has increased by about 135% in the same period. MicroStrategy raised the amount of convertible notes it sold by 40% last week, bringing the total to $700 million. The company said it planned to use the funds from the sale to buy more Bitcoin.
Saylor’s advice to “learn to think in Bitcoin” can be interpreted differently, but it may be a call to look beyond short-term market fluctuations and adopt a more long-term outlook.
