Despite the recent turbulence in the cryptocurrency market, Michael Saylor, Founder and Executive Chairman of Strategy (formerly MicroStrategy), remains an unshakeable long-term bull on Bitcoin. Saylor confidently projects that Bitcoin is poised to significantly outperform traditional assets in the coming years, potentially delivering returns two to three times greater than the S&P 500 index.
During a Tuesday interview on CNBC’s “Squawk Box,” Saylor articulated his bold forecast: “I believe that over the next four to eight years, Bitcoin will perform two times, perhaps even three times better than the S&P 500 index.” This declaration reinforces his long-held conviction in the digital asset’s enduring value proposition.
Saylor’s strong affirmations come amidst a challenging period for the crypto sector, often dubbed a “crypto winter.” Bitcoin has recently dipped below the $70,000 mark, representing a significant correction of over 45% from its all-time high of $126,000 recorded last October. This market downturn has also impacted Strategy’s stock performance, which briefly fell to $103 before rebounding to $133. However, it still trades more than 70% below its historical peak of $457.22 reached last July.
Undeterred by market sentiment, Strategy has continued its aggressive accumulation strategy. Last week, the company invested approximately $90 million to acquire an additional 1,142 Bitcoins, bringing its total holdings to an impressive 714,644 BTC. This substantial position now accounts for over 3.4% of Bitcoin’s total circulating supply. Nevertheless, the recent market decline has resulted in Strategy facing an estimated $5.2 billion in unrealized losses on its extensive Bitcoin portfolio.
Addressing concerns that Strategy might be compelled to divest its Bitcoin holdings to alleviate financial pressures should prices remain low, Michael Saylor issued a categorical denial:
“We will never sell our Bitcoin for cash. We will continue to add. I expect us to buy Bitcoin every quarter, forever.”
Echoing this sentiment, Strategy CEO Phong Le previously stated during an earnings call that only a catastrophic 90% plunge in Bitcoin’s price to around $8,000, sustained for an extended period of five to six years, would pose a substantial threat to the company’s ability to service its convertible debt obligations.
Concluding his interview, Saylor underscored that he views price volatility as an inherent part of Bitcoin’s appeal. For long-term investors with a strategic outlook, he believes the focus remains on enduring performance rather than transient price fluctuations.
Disclaimer: This article provides market information only. All content and views are for reference purposes only and do not constitute investment advice. They do not represent the views or positions of the author or BlockBeats. Investors should make their own decisions and trades. The author and BlockBeats will not bear any responsibility for direct or indirect losses incurred by investors’ transactions.
