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Michael Saylor, CEO of Microstrategy, recalls his negative outlook on BTC and how his mind has been changed over the years

Michael Saylor, CEO of Microstrategy, recalls his negative outlook on BTC and how his mind has been changed over the years

Quick take

1 minute read

  • When it comes to trading, one of the key mentalities that an investor must have is patience. 
  • With your into cryptocurrency or traditional stock markets, persistence and patience are two of the key aspects that you must-have when it comes to trading with financial assets. 

When it comes to trading, one of the key mentalities that an investor must have is patience. With your into cryptocurrency or traditional stock markets, persistence and patience are two of the key aspects that you must-have when it comes to trading with financial assets. The Chief Executive officer of Microstrategy, Michael Saylor took to Twitter recently to express this exact mindset. He believes that it is still one of the most useful strategies when it comes to investing and one of the most used tactics within the crypto community as he further went on to say:

“#Bitcoin investors understand that preserving energy in a world where everyone else is dissipating it is a winning strategy.”

In 2020, Michael put a lot of his confidence and recommendations into the leading cryptocurrency despite having a history of not being a big fan of the nascent asset. Michael and executives from his company made an unexpected entrance into the sector with the acquisition of thousands of bitcoins. With Michael being well outspoken against bitcoin in the past, it made this move even more surprising. 

In 2013, the CEO said the following against the leading cryptocurrency predicting a negative outlook for the future for the assets. 

Remember, this came before Bitcoin reached $20,000 in 2017...

“#Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”

Whilst speaking to Anthony Pompliano on his podcast, Michael looked back at this comment claiming that he doesn’t even remember saying it. 

I suppose time helps to change the minds of us all in the end!



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