Bitcoin $100.000 Is Too Expensive? Michael Saylor Says No Need to Worry

With Bitcoin at $100,000, many people are wondering if it's becoming too expensive. However, Michael Saylor, CEO of Microstrategy, says no. Speaking to Barstool Sports founder Dave Portnoy, he shares why he's not concerned about price, stating that it's a long-term bet on value and global acceptance. Saylor believes the price isn't overvalued; it's the role of cryptocurrency in reshaping the financial world. Bitcoin: Long-term asset Michael Saylor thinks about Bitcoin from the perspective of Manhattan real estate. The idea he presents is: like the increase in value of Manhattan real estate compounds over many decades, the value of Bitcoin does the same, he says. This perspective seems to support the CEO's claim that even at $100,000 or more, Bitcoin is still not expensive. Saylor points out the unique characteristics of the asset: scarcity and decentralization, helping to protect it from depreciation and making it attractive in the long run. Microstrategy's CEO said that Bitcoin allows you to control your assets. He referred to the auditability and inflation resistance, seeing it as a modern moat against financial vulnerabilities. According to Saylor, these factors have led to global adoption, thus increasing its value in the present and future. Ability to recover amid volatility According to the report, Saylor's confidence in Bitcoin had been tested before. When Microstrategy was said to have invested $250 million at $11,800 per coin in 2020, the price dropped 20% shortly after. Looking back at that first drop, Saylor said that the loss made him more determined to invest for the long term. "Once you're in, you're in... I'll take it to zero or we'll win, but I've decided that I want to win," he said. He called Bitcoin not just an investment but also a financial tool that can empower individuals and corporations. By buying more Bitcoin, Michael Saylor is showing his belief in the orbit. Reports indicate that Microstrategy has just purchased an additional 21,550 BTC and currently holds 423,650 BTC worth $25.6 billion. This demonstrates his belief that long-term importance is much more significant than short-term price fluctuations. Is a $100,000 Bitcoin still a strategic purchase? Saylor dismisses concerns about price, saying that value is supported by 21 million supply sources and the global financial system. For him, price is a measure of demand and acceptance, not a ceiling. He compares Bitcoin's journey to other long-term investments like Manhattan real estate, where increasing value over time proves it cannot be replaced. In his speech, Saylor stated that Bitcoin is a unique asset storage because it is decentralized and incorruptible. He believes that the rising price means that it is becoming a larger barrier against inflation and political instability. According to him, these qualities will make Bitcoin an essential asset in the investment portfolio of the future. Michael Saylor's Bitcoin strategy For Saylor, Bitcoin is not a financial tool but a transformative force that will change the way people think and save. He describes the vision of Bitcoin as a platform that will anchor financial freedom for institutional investors and individual users. With Bitcoin as part of Microstrategy's financial strategy, he is not only strengthening the company's balance sheet but also laying the groundwork for a larger movement towards decentralization and financial security. He has shown that through his actions and words. Saylor said, 'I will buy it for a million dollars a coin and I may buy it for a billion dollars a day at a million dollars a coin, because that's what I do.' This statement means that he believes that the journey of Bitcoin is far from over, and the current price is just a stepping stone for the next stage. Conclusion part Michael Saylor believes in the long-term value and potential changes that Bitcoin can bring, which is reflected in the company's strategy surrounding it. Speaking of this price level, he says that Bitcoin, like any other asset, has overcome the test of time, deriving much of its value from becoming scarcer and more widely accepted. Therefore, according to Saylor, a $100,000 Bitcoin is not overpriced but rather marks the beginning of its significance in the global financial system. When Saylor buys and talks about Bitcoin, his strategy is to guide how Bitcoin can redefine wealth and empower investors everywhere. Price is not a limit but evidence of Bitcoin's irreplaceability. Please provide the text to be translated DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)