Michael Saylor: "Bitcoin has outperformed all assets in the stock market"

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The ex-head of MicroStrategy believes that despite the crisis in the crypto market, Bitcoin has surpassed all assets in the long term and in the future the first cryptocurrency will retain its reliability.

Former CEO of MicroStrategyMichael Saylor, in a recent interview with Stansberry Research, stated that cryptocurrency volatility will only affect short-term investors and public companies. According to him, Bitcoin has outperformed all stock market projects in the long term.

Since MicroStrategy adoptedstrategy focused on Bitcoin, it significantly outperformed the S&P 500, Nasdaq, gold, bond index and any major technology stock. Saylor added that the only asset that outperformed Bitcoin during this period was MicroStrategy (MSTR).

According to him, Bitcoin is not suitable for everyone, since many will not be able to cope with its volatility.

“You should invest in Bitcoin for the long term.term, it must be held for four years or longer. Ideally, this is the transfer of wealth from generation to generation. The metric that confirms this is a four-year moving average,” Sailor explained. 

He added that short-term investingpositions are much more risky since BTC is a highly volatile asset. Saylor believes that the events that led to the recent cryptocurrency collapse were caused by rising interest rates and tightening policy by the US Federal Reserve.

According to him, the catalyst was the collapsethe Terra project, which affected many cryptocurrencies. He believes that the algorithmic stablecoin was “an accident waiting to happen.” As the former head of MicroStrategy said, these events had to happen in order to get rid of investors who were useless to the industry.