Michael Saylor Believes That the Entire Crypto Crash Will Be Great for Bitcoin

Michael J. Saylor, Co-Founder, Chairman, and CEO of MicroStrategy Inc. (NASDAQ: MSTR), a Nasdaq-listed business analytics company, believes the crypto market fall is “excellent” for Bitcoin. On August 11, 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary treasury reserve asset.” Saylor said at the time: “Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively. “ MicroStrategy has continued to amass Bitcoin since then, and its CEO has become one of the most outspoken Bitcoin supporters. MicroStrategy’s most recent $BTC acquisition, which Saylor announced on April 5, means the company now has 129,218 bitcoins in its HODL, which were “bought for $3.97 billion at an average price of $30,700 per bitcoin.” MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI — Michael Saylor⚡️ (@saylor) April 5, 2022 Saylor was interviewed on May 13. Saylor stated that crypto assets might be separated into three gr...