MicroStrategy exec says critics should spend more time studying bitcoin
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MicroStrategy’s executive chairman Michael Saylor has opined that the tumult experienced by the crypto space over the past months, as well as regulation, are necessary for its growth and maturity. Saylor has urged critics like Charlie Munger to spend more time studying bitcoin (BTC) to better understand it.
Despite already posting a more than $1.3 billion paper loss on its bitcoin holdings, Michael Saylor, the co-founder and executive chairman of MicroStrategy has made it clear that the company will continue to consider ways to take advantage of the bitcoin price movement.
In an interview with CNBC’s Morgan Brennan, Saylor said the unrealized losses, which are caused by the asset’s falling prices, do not change MicroStartegy’s BTC acquisition strategy and the company is enthusiastic that the market conditions will improve.
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