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In a recent tweet, MicroStrategy Chairman Michael Saylor highlighted what may be the biggest future regret for crypto holders. “You will wish you had bought more Bitcoin,” Saylor wrote, warning crypto holders that they may regret it in the future. I feel they don’t act now.
Saylor’s tweet resonated, with many in the Bitcoin and broader crypto community sharing this sentiment. His message appeared to be a warning to crypto holders. Those who have been hesitant about making additional purchases or accumulating may soon realize that they should have acted sooner.
This sentiment is consistent with Saylor’s long-held belief in Bitcoin’s potential as a store of value and a hedge against inflation. His latest statement also underscores his unwavering confidence in Bitcoin’s long-term prospects.
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At the time of writing, BTC was up 1.22% in the past 24 hours to $67,803 and up 10.50% for the week. The largest cryptocurrency is currently down 8.07% from its all-time high of around $74,000, set in March.
Mr. Thaler’s belief in Bitcoin
Under Saylor’s leadership, MicroStrategy’s Bitcoin acquisitions totaled 252,220 BTC as of September 20, 2024. The company started acquiring cryptocurrencies in 2020 as a way to hedge against inflation.
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Saylor is estimated to own around $1 billion in Bitcoin. About four years ago, the executive chairman of Bitcoin’s largest public company holder revealed in a tweet that he owned 17,732 Bitcoin and had not sold any digital tokens.
MicroStrategy’s stock price has risen nearly 1,000% since the company started buying Bitcoin. MicroStrategy stock continues to rise, with the premium on the value of Bitcoin holdings recently reaching a three-year high. Bitcoin has soared more than 500% since MicroStrategy began its acquisitions.
