u.today
In a recent tweet, MicroStrategy chairman Michael Saylor highlighted what he believes might be the biggest regret for crypto holders in the future.“You are going to wish you had bought more Bitcoin,” Saylor wrote, warning cryptocurrency holders of the future regret they may feel if they do not act in the present.
Saylor's tweet resonated as many in the Bitcoin and broader crypto community shared this sentiment. His message was seemingly a warning to crypto holders: those who hesitated to buy or accumulate more may soon find themselves wishing they had acted sooner.
You are going to wish you had bought more #Bitcoin. pic.twitter.com/tXymg5DRAM
— Michael Saylor⚡️ (@saylor) October 18, 2024
This sentiment is consistent with Saylor's long-held belief in Bitcoin's potential as a store of value and a hedge against inflation. His latest statement also underscores his unwavering confidence in Bitcoin's long-term prospects.
At the time of writing, BTC was up 1.22% in the last 24 hours to $67,803, and up 10.50% weekly. The largest cryptocurrency is currently down 8.07% from its all-time high of almost $74,000 attained in March.
Saylor's belief in Bitcoin
Under Saylor's leadership, MicroStrategy's Bitcoin acquisition totaled 252,220 BTC as of Sept. 20, 2024. The company began acquiring the cryptocurrency in 2020 as a way to hedge against inflation.
Saylor is estimated to own about $1 billion in Bitcoin; about four years ago, the executive chairman of the largest public corporate holder of Bitcoin revealed in a tweet that he possessed 17,732 Bitcoin and had not sold any of the digital tokens.
MicroStrategy shares have risen nearly 1,000% after the company began purchasing Bitcoin. Microstrategy Shares have continued to rise, with the premium on the value of Bitcoin holdings recently reaching a three-year high. Bitcoin has surged more than 500% since MicroStrategy began its acquisition.