Cryptocurrency needs the same level of adult supervision and market turmoil as any other asset to grow and thrive, according to Michael Saylor, co-founder and CEO of MicroStrategy.
Michael Saylor, who has recently become a major advocate of Bitcoin, believes that it is the same as stocks, oil, bonds, or any other asset. He said that Bitcoin is “a long-term store of value that can go down in price, it can go up in price, it will go up and down a lot in the short term, but long-term it should appreciate.”
In an interview with the Financial Times, Michael Saylor said that Bitcoin is “an immature asset class” and that its wild price swings, or volatility, are necessary for it to mature. He compared the current state of crypto to the early days of the internet, when people did not understand its value and potential.
Michael Saylor Is Advocating Price Correction
Michael Saylor believes that the same is true for cryptocurrencies and that their volatility is “actually really healthy for the market” as it helps to create a foundation that can sustain its value in the long-term. He believes that the current turmoil in the market is a necessary part of the maturing process for cryptocurrency and that it will eventually become a viable asset for investors and businesses.
Saylor also noted that the current bear market is a good opportunity for investors to buy into crypto at low prices. He believes that those who do so now will be rewarded in the future as the market matures and gains wider acceptance.
In conclusion, it appears that Michael Saylor believes that crypto is a long-term store of value that needs the same level of adult supervision and market turmoil as any other asset in order to reach its full potential. Crypto market is uprising after a year of turmoil the investors are looking for the growth now.
