Among the biggest Bitcoin (CRYPTO: BTC) bulls worldwide is Michael Saylor, the co-founder and executive chairman of software company MicroStrategy Incorporated (NASDAQ:MSTR). Saylor’s belief in the future value of Bitcoin has led to MicroStrategy being one of the largest holders of Bitcoin.
Saylor has encouraged people to look at cryptocurrency over the years and on one occasion included a call to mortgage your house and buy Bitcoin.
What Happened: Bitcoin had an eventful year in 2021, hitting all-time highs in November of that year hitting more than $68,000. When Bitcoin was trading at over $57,000 in March 2021, Saylor spoke out in bullish fashion about how investors should get more exposure to the leading cryptocurrency.
“The only use of time is to buy more Bitcoin. Take all the money and buy more Bitcoin. Then take all your time to figure out what you can sell to buy more Bitcoin,” Saylor said.
Saylor even took it a step further with some interesting advice.
“Go mortgage your house and buy Bitcoin with it.”
Saylor called Bitcoin the hardest money on earth and said that people should use all their time to acquire the cryptocurrency.
Never forget Michael Saylor encouraging unsophisticated investors to liquidate every asset they own to buy Bitcoin on leverage.pic.twitter.com/Wvv3c2JpOZ
— Nate Anderson (@NateHindenburg) June 13, 2022
MicroStrategy began buying Bitcoin for around $12,000 in August 2020. In December, the company announced it had purchased 14,620 additional Bitcoin, bringing its total holdings to 189,150 BTC. The company has an average purchase price of $31,168 for its Bitcoin holdings.
In a previous interview with Benzinga, Saylor said investors want to focus on scarce, desirable, high-quality property that other investors will want to buy down the road, which is why MicroStrategy is buying Bitcoin.
“We have a simple strategy and our strategy is we just acquire Bitcoin, and we hold the Bitcoin.”
Saylor said Bitcoin is the best asset in the world.
“So, if you gave me $1 million and said what do you want to buy, I don’t want to buy a sports team, I don’t want to buy a building, I don’t want to buy a company … all I want to buy is Bitcoin.”
Related Link: EXCLUSIVE: Michael Saylor’s MicroStrategy Is Married To Bitcoin: ‘Everything Else In The World Is Inferior’
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