Entrepreneur Michael Saylor, founder of MicroStrategy, has labeled Bitcoin's volatility as its greatest asset rather than a drawback. He believes that price fluctuations have created opportunities for everyday investors to participate in the cryptocurrency market. If Bitcoin offered stable returns, the cryptocurrency would remain the domain of large investors like Warren Buffett, the CEO of Berkshire Hathaway. Saylor points to the new record reached in October at $126,198 as a direct result of this volatility.
Saylor describes Bitcoin's volatility as "a gift" to believers from Satoshi Nakamoto, the anonymous creator of the currency. This characteristic has allowed investors, analysts, and journalists to establish themselves in a competitive environment and earn profits. He reflects that if Bitcoin guaranteed a 2% monthly growth, forecasts would hold little interest, and the market would be entirely dominated by traditional financial players.
Saylor advises investors to be patient when purchasing Bitcoin, at least for four years, preferably ten. For those not prepared for long-term investments, he suggests holding digital credit instruments. He previously posited that the Bitcoin blockchain could restore functionality even after a decade-long mass power outage by going into sleep mode.
