- What are your thoughts on the possibility of Michael Saylor and MicroStrategy selling Bitcoin during the current bull cycle's distribution phase?
Every institution has the right to do what they deem fit for their investment. Michael Saylor can also change his stance about not selling Bitcoin if he thinks it is time to make a profit. Currently, Micheal is still accumulating more Bitcoin for personal hodling after he showed interest in selling $216 million worth of his shares MicroStrategy.
- If such a sale were to occur, how do you anticipate it affecting the price of Bitcoin and the broader cryptocurrency market?
Such kind of news might bring FUD to the Bitcoin market but the market will recover as usual. The price of Bitcoin might drop slightly, but it will recover after a few days.
- Do you consider the actions of individual entities, such as MicroStrategy, when making investment decisions?
The actions of institutions like MicroStrategy are irrelevant when I am making my Bitcoin investment decision. Bitcoin is well well-programmed project that has an inbuilt recovery mechanism. The decisions of these major investors will just have an impact on the market in a short time. This why Bitcoin should be seen as a long-time investment, so that you can keep hodling even when the market is going down.