Traders in the bitcoin market do not have an understanding of the technology and structure of macroeconomics, so they are always frustrated by volatility. This opinion was expressed by the CEO of MicroStrategy Michael Sailor in a podcast of the analyst Sven Henrich.
The Bitcoin enthusiast called for buying the first cryptocurrency for the amount that investors are willing to lose. He advised against speculating and advising on how to profit from short-term digital gold transactions.
In an interview, Sailor cited regulatory challenges as the biggest threat to the crypto economy.
The head of MicroStrategy remained optimistic about the long-term prospects for digital gold as fiat currencies continue to be issued.
“I see bitcoin as the most widespread and strongest global monetary asset,” he explained.
Earlier, Michael Sailor called the Chinese government’s crackdown on miners “a trillion dollar mistake.”
In June, MicroStrategy acquired 13,005 BTC, bringing the total number of controlled coins to 105,085 BTC ($ 3.66 billion). Their average purchase price is $ 26,080.
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