Michael Saylor - Why You Should Buy Bitcoin Now!

Michael Saylor - Why You Should Buy Bitcoin Now!

Why You Should Buy Bitcoin Now! - Michael Saylor

In this interview, Michael Saylor explains why he thinks Bitcoin is cheap at $78,000. He also compares Bitcoin to other investment opportunities such as gold, stocks, real estate, and others.
Here is the summary of his remarks:

People buying Bitcoin at $30,000 got it at a discount. There are two types of investors: long-term and short-term investors. Short-term investors are quick at shorting their BTC, which is synonymous with shorting electricity. But for those who understand that Bitcoin is a digital property that's going to change the earth, they see the short-term correction as a buying opportunity.

Unlike what some people think, Bitcoin is not a random, speculative, gambling asset with no underlying value. However, technologists have found out that it's a digital property network that can serve as the basis of the 21st-century economy.

China has made a trillion-dollar mistake by banning Bitcoin mining. The country had 60% of Bitcoin mining worth $12 billion a year plus all the Bitcoin which was doubling every year which would have been worth trillions of dollars in the future. What China did is synonymous with selling Google 15 years ago, which would have amounted to a heavy loss.

A year ago, if you borrowed $100,000 to buy gold, you lost 2% of your money. If you bought government debt, you lost 12%. If you held it in cash, you would pay 2%. If you bought S&P stocks, you gained 40% and have a 38% arbitrage. If you bought big tech, you gained 47%. If you bought Bitcoin, you gained 94%. Meanwhile, some cryptos performed wonderfully well in the past 12 months and could have fetched you great returns.

If you look at the market caps and the stability of Facebook, Google, Apple, and Amazon, you will realize that it was 98% skeptical of those stocks 10 years after they had established their business model.
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Welcome to "Savvy Finance 🤝
This channel is all about being savvy with your finance 💰.

We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA and other altcoins. 🗠

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This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.

Never buy a crypto just because you see a YouTuber talking about it. Always do your own independent research before investing in any coin.

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