NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback

Published 06/17/2024, 09:30 PM
Updated 06/17/2024, 10:15 PM
Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback
MSTR
-
BTC/USD
-

  • Michael Saylor advises a long-term perspective amidst Bitcoin volatility, encouraging market resilience and seeing opportunity.
  • MicroStrategy’s $700M fundraise highlights its commitment to Bitcoin despite short-term price fluctuations.
  • Institutional interest in Bitcoin stays strong, driven by strategic moves like MicroStrategy’s accumulation strategy.

MicroStrategy co-founder and Bitcoin advocate Michael Saylor addressed the recent dip in Bitcoin’s price, emphasizing the importance of a long-term perspective and viewing market fluctuations as potential opportunities.

His comments underscore the need for long-term thinking in Bitcoin investments, framing market corrections as opportunities rather than setbacks. Saylor’s proactive approach resonated with the crypto community, where discussions center on managing volatility while remaining confident in Bitcoin’s future potential.

Under Saylor’s leadership, MicroStrategy continues its August 2020 goal to strategically acquire Bitcoin. The company recently announced plans to raise a substantial $700 million throu…

The post Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.