I do the same, but I'm not Michael Saylor, I still can't gather even 1 full coin. I understand why some people are excited, but it kinda worries me that 1 man has almost 1% of the total supply. I don't see it as something good.
This is a completely valid concern, and the worst part about the accumulation is that it has been done via debt instruments as well, which gives MS an unfair strategy over other investors...
What do you think?
Unlike Elon Musk who has been inconsistent in his support of Bitcoin, Michael Saylor is a strong believer in the cryptocurrency. He has been one of the vocal voices speaking up for the sector even in times of fierce attacks. I am not surprised Microstrategy is still buying because the firm has the backing of someone who believes in the potential of Bitcoin. People keep asking if it is too late to buy Bitcoin, but I think this news is a good response to them that it is never too late because Bitcoin has so much future potential.
Don't trust them. They will sell their bitcoins in future.
They are a strong investor and strong hodler but they will sell bitcoins in future.
Does anyone intend to hodl Bitcoin forever? I think Bitcoin investors will sell the coins when they get to the predicted price in the future. Every investor intends to make a profit, hence it is not out of place for Microstrategy to sell and make money in the future.
When raising debt in order to buy Bitcoin, no, of course no one can hold Bitcoin forever. What MS and MS (funny, Micro Strategy and Michael Saylor - same initials) are doing is leveraging debt to accumulate more Bitcoin. This
guarantees the sale of Bitcoin at some stage. Sure, the amount of Bitcoin sold to repay the debt may be minuscule in the future, however it also depends on market timing. If the debt is due at a detrimental time, Microstrategy could be hurt severely.
If no debt was involved, there's actually no reason for anyone to sell if there is no pressure to. There might very well be no need for fiat in the future world, so Bitcoin could become preferable over fiat in the long future, Bitcoin's ex-changeability to a payment-focused altcoin or technology could be the way to move from store of value (bitcoin) to daily transacting (new payment-focused/cash technology) in the future.