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In his latest tweet he talked about how Bitcoin was built to last thousands of years.
Michael Saylor is one of Bitcoin’s big supporters and one of the best known advocates of cryptocurrency, always speaking highly of it and its fundamentals to its more than 1.3 million followers.
Michael Saylor is one of Bitcoin’s big supporters and one of the best known advocates of cryptocurrency, always speaking highly of it and its fundamentals. He is the CEO of MicroStrategy, a business intelligence company. And he has been buying up Bitcoin for his company’s treasury ever since June 2020.
In an interview with CNBC in December 2020, Saylor said that Bitcoin is “the hardest money that’s ever existed” and that it will continue to appreciate in value over time as more and more people adopt it.
Saylor has also been quite vocal about his belief that Bitcoin will eventually replace gold as the ultimate store of value. In a tweet from November 2020, he said that BTC is “more portable,
more divisible, more uniform, more durable, more scarce, more recognizable, and more fungible than gold.”
It’s clear that Saylor is a big believer in Bitcoin and its long-term potential. And given his track record of success in business, it’s definitely worth paying attention to what he has to say on the matter.
In his most recent comment he talked about the longevity of Bitcoin and how and it is important to invest in what was created to last a long time.
Saylor became well known to Bitcoin investors after, through his company MicroStrategy, he was one of the main drivers of institutional adoption and even buying Bitcoin during the recent slumps.
In his latest tweet he talked about how Bitcoin was built to last thousands of years.
“A company’s life expectancy is 18 years; A building is 100 years old; Bitcoin is 3950 years old. Invest in things that are built to last.”
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Michael’s idea here is quite simple: He, like millions of investors, believes Bitcoin will last for a long time. His tweet was a response to a poll of his followers, where 37.6% responded that they believe Bitcoin will last 10,000 years.
Michael’s idea is to buy Bitcoin and hold it for the long term. He believes that Bitcoin will last for a long time, and that its price will continue to increase as more people adopt it. Many investors share Michael’s belief, and have made a lot of money by investing in Bitcoin early.
If you’re thinking about investing in Bitcoin, you should do your own research and make sure you understand the risks involved. Investing in any asset carries risk, and you could lose money if the price of Bitcoin falls. However, if you believe in the long-term potential of Bitcoin, then holding it for the long term could be a good strategy.
Through the dynamics of supply and demand, Bitcoin can significantly change many things in the financial industry, making its impact even more important in the long term. With that, it is possible that Bitcoin is made to survive almost 4 thousand years… or even more.
However, technology advances at both points of the spectrum and as quantum computing technology gains more strength, Bitcoin gains new layers, updates and its encryption becomes stronger.
Quantum computing may one day threaten Bitcoin encryption. But cryptocurrency will not “fall behind” in this technological race. But only the future will tell us if Saylor got Bitcoin’s lifetime right.
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