BITCOIN SMASHES $31K MILESTONE!! MICHAEL SAYLOR BOUGHT $2.5 BILLION IN BTC AND NEVER SOLD 1 SATOSHI!

After launching an unprecedented public Bitcoin buying spree, MicroStrategy founder and CEO Michael Saylor is revealing just how much BTC he’s amassed.

In a new interview on the Funky Crypto Podcast, Saylor says he has bought tens of thousands of Bitcoin through various organizations he is affiliated with.

“I have bought either through MicroStrategy or through entities I control, 88,000 Bitcoin. I never sold one Satoshi.”

At its current price of roughly $29,000, Saylor’s Bitcoin stash is worth over $2.5 billion. In the interview, Saylor advocates for a long-term holding strategy when asked whether Bitcoin investors should take some profits now as the cryptocurrency keeps hitting new record highs.

“I think the way you use Bitcoin is as a long-term savings account. So, if you want to have a portion of your money that you like to gamble with and speculate with and bet on things you are passionate about, take that part of your money and invest it in new ventures or invest it in cool things. Take another portion of your money that you want to save for the next 20 years or 30 years and put that in Bitcoin. Just leave it there, and don’t get caught up in all the back and forth…

How are you going to feel if you sell it at $27,000 and then you wake up one morning and it goes to $82,000… when it goes to $167,000… when it goes to a million. When it goes to a million, are you going to be bragging that you bought it at $0.019 million and you sold it at $0.022 million? Aren’t you going to feel freaking stupid? Like I bought it at $0.019 million and I sold it at a 50% gain at $0.023 million and I lost a million!”

Saylor also says he believes the volatility experienced during Bitcoin’s first decade is unlikely to be repeated going forward.

“In the first decade, Bitcoin was dominated by a bunch of traders with leverage in offshore exchanges and they were speculators. That was one group of people. This year after March you’ve got insurance companies, corporations, treasuries, institutional investors. They are buying this stuff instead of gold. They are buying it to hold it for a decade as an inflation hedge. They are not using leverage, they are not using offshore exchanges, they are not speculators.

Their mindset is, ‘I’m going to hold it for 10 years. What can I buy that’s better? If I sell it, I’m going to generate a tax bill and I’m going to buy something inferior.’ So, they are not going to sell it and that means you are not going to see that kind of volatility… The volatility of Bitcoin is decreasing since March and the volatility of everything else is increasing… Bitcoin is moving from its first 10 years to its next 10 years. And it’s a much more mature asset.”

In other trending Bitcoin News today:

"Bitcoin Price Hits $31,000 Milestone For The First Time Ever"

Bitcoin (BTC) hit a fresh psychological landmark on Jan. 2 as the new year kicked off to a flying start for hodlers.

Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD clinch $30,000 during trading on Friday.

After hitting new all-time highs of $29,700 overnight, the pair showed no signs of weakness, retesting the level several times before a final breakout occurred.

The area immediately below $30,000 had proven a source of intense selling pressure throughout the past few days, a setup similar to that which Bitcoin disrupted at $20,000 just weeks ago.

"If you're looking for an entry to HODL Bitcoin long term, don't nickel and dime an entry. You're not going to sweat a few thousand dollars of non-perfect entry when it's $100k, $200k, $300k in a year," popular statistician Willy Woo summarized on Friday.

Show Notes / News Resources:

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

#Bitcoin #BTC #BitcoinNews #cryptocurrency #btcnews #crypto #michalsaylor #microstrategy #bullrun #ethereum #altcoins #eth #prediction #ripple #xrp #2020 #chainlink #bch #bsv #bitcoinbtc #forex #investing #defi #yfi #buybitcoin #invest #10x #100x $BTC $ETH $XRP

[TheVosack]

It's already touched 33k today. Sitting at 32, 700 right now.

[allbeforebreakfast]

By the time I seen this. We were above 32

[AnimalUniverse]

Love the show man, I will see you tomorrow same time same place. Hopefully we will be talking about the slight resistance we experience on $38, 000 🤞🤞🤞and where to from there.

[mateolorenzo]

Bitcoin enables certain uses that are very unique.i think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin, with a third party that couldn't run away with the coin itself

[aleidthamer]

one of the best youtube channel for btc hodler

[bradprkr]

"Daily" literally means "every single day" lol

[adrianplata]

How can we verify if it's true they (institutions) bought that amount of btc??? I mean, shall we trust in them or shall we verify ?

[joseluislopez]

2, 000 millions (2, 000, 000, 000) not 2 billions (2, 000, 000, 000, 000)

[ilovedca]

606Billions market cap is more attractive for institutionals....it's getting stronger and stronger!!!

[dwk]

1mio @ $1 .... i squeezed a tear-out. that is eye-watering.

[makristheodoros]

Big business... Now we are in All IN will see what happens when we reach to ALL OUT

[jobin_joy]

I don't understand why these people are revealing their purchases and creating hype. bitcoin is meant to be anonymous these idiots are kinda destroying the purpose of bitcoin 🙄

[mjohns]

Good morning! I like Max!! Thank you JV!!

[justinwiseman]

It already hit 31, 000. Poor people buy now. I been saying it. Bitcoin is a radically new way to store and transact value. Unlike normal financial networks, Bitcoin is able to operate without central authorities or trusted administrators. That makes bitcoin the first ever open and borderless currency. Its almost at 33, 000 as I write this message.

[Kammale]

I love how outdated these videos are concerning current bitcoin prices as bitcoin waits for no man on it’s way to the moon.

[BringFacts]

Buy the hamptons for kid camps, labor farms, and cheap housing? Sounds creepy af. Lol

[holmesroach]

Trades outside NYSE hours - I’m so stupid to be waiting

[juliantiparan]

Bitcoin isn't volatile.... the dollar is. 1 BTC is still worth 1 BTC
since its inception. Can we say that about the dollar? $1 from 1913 to
2020 is worth ~$20 according to an inflation calculator. So, which one
is really volatile? People need to stop looking at the price through
the lens of the dollar. Everyone sees the dollar value of Bitcoin but
don't realize that it's the dollar that is weak against BTC....that's
why there are huge price swings. People also don't realize that every
time they sell or buy crypto, they are expanding the current monetary
money supply. If you know how the current monetary system works, that
last statement will make perfect sense. If not, it will go over
heads.I take the risk of lower prices on the short term for granted,
knowing that the prices will be much higher on the long term. I am not
taking the risk of not having invested what I could (because I was
waiting for lower prices) and than not take full advantage of the bull
run.There is a significant difference between stocks which can be
based on professional advice held and currencies (cryptocurrency), and
this is because most of them are hypes and highly speculative. I have
made over $80, 000 in the last two months day trading my BTC which I am
sure would be a fantasy if I where hodling. I trade with a platform
that is highly skilled in the cryptocurrency business, I was
introduced by Mr Eric bishop, I am aiming for higher highs. If you
are unable to turn in consitent profit in the crypto market



I started investing in Cryptocurrency fairly recently. Coming from a
non-technical background, understanding blockchain and crypto currency
is a little tricky. So to understand it better I invested USD 1000 and
started to pay attention to everything related to Cryptocurrency. i
made 2 BTC real quick in 2018, later lost 1BTC early 2019, i was still
trying hard to understand the market but everything was new to me
again (nightmare). I began to read several blog post and following
YouTube video tutorials to understand how I can make profit but the
more I try, the more I loose more of my Bitcoin. So not until I found
a beginners trading post talking about a strategy on how to trade and
make profit and I contacted the person in charge, Mr bishop he
explained to me the different ways to make profit in this bearish
market. I decided to give it a try and I invested 2 BTC of my coin,
and it quickly rose to 8 BTC towards the end of December 2019, and I
was convinced it is the best way to make a good profit from Bitcoin.
If you're still confused about the steps to take this year I urge you
your cryptocurrency questions, strategy and beginners coaching.?





My best guess is that money pours into crypto during the first 2
quarters of the year as people get their tax returns and invest in
projects they like. During this time I expect a significantly rising
overall "market cap". I think it will cool off some during the summer
and pick back up around the holidays as families and friends get
together and reflect on 2020. During this time I believe we'll see
periods with bitcoin gaining faster than alts, followed by times where
alts are more profitable. The smart, stress free investor is hedged
into several crypto projects as opposed to "all in" on one or
frequently switching back and forth between alts and bitcoin. The
market will likely remain volatile but I believe with QUALITY cryptos,
highs will be higher and lows will be higher.Those with patience
who've only invested money they can afford to lose will likely
outperform most "traders". I think changing tax laws in first world
countries will further embolden the HOLD mindset, as (in the US) there
is a huge benefit to investors holding assets over a year, much higher
taxes for assets held under a year. I think these changing tax laws
will also encourage investors to look harder at projects they are
comfortable Holding for over a year, so some of the pump and dump
energy will fade. feel free to get in touch with my trusted broker
necessary info you may need to invest wisely in bitcoin and alt coins
.



When I first heard about cryptocurrency I was not interested because
my mindset was what changes will it bring to the world but when I
began to carry out some deep research of what it is about I was more
than interested because the opportunities it presents is very wide and
can equally make someone wealthy. I read several posts and equally got
to know about trading and some exchanges that I can equally get this
done. I started to buy some bitcoin in early 2020 because the market
outburst in December 2019 was more than enough for me to have a belief
that yes cryptocurrency is here to stay. I decided to carry out some
trading without proper knowledge of how to trade or what trading about
and also I lack proper knowledge of how the market trends go because I
was thinking that there will always be an upward trend in the market.
I invested in some coin that eventually ran out of the market in 2019
it didn't work out the  way I thought it will be, I was so sad i
wanted to give up on bitcoin I stop trading for some months because of
the fear of loss, I came across a youtube video May this year where I
saw some individuals showering praises on this trader Davis Lingard,
so I contacted him his trading signals are really accurate unlike any
signals I ever have seen, he ask me some few questions at first making
sure if I was making profit not losing, I put confident on him I bet
you his signals are unlike others, he helped me generate my 1BTC into
5BTC in two weeks and three days I was so amazing because I was tired
of constant losing of my coins here is his contact via Email
inquiries and other insights into trading.

[zepheadzoo]

Technology is awesome because I was just checking out my usual YT videos and you were suggested. You are to the point and you keep it moving. Thank you and you have a new subscriber. My prediction is close to yours as I think we will be between 100-120k by Dec 2021 and 500k- 1 million in Dec 2025.

[stevekarlsen]

Hello, I'm new to forex trade and I have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what i'm doing wrong