u.today
Michael Saylor, the prominent Bitcoin advocate and CEO of MicroStrategy, has once again shared his insights into the cryptocurrency market. Known for his bullish stance on Bitcoin, Saylor's company is one of the largest corporate holders of the cryptocurrency. His latest social media post emphasized a critical piece of advice for digital asset enthusiasts.
According to crypto lore, a "sat" refers to a satoshi, the smallest unit of Bitcoin, named after its mysterious creator, Satoshi Nakamoto. Thus, 1 BTC is equivalent to 100 million satoshis. The phrase "stack sats" has become popular among Bitcoin supporters, encouraging consistent accumulation over time, regardless of price volatility.
Stay Humble. Stack Sats. pic.twitter.com/vmOy9T6jI9
— Michael Saylor⚡️ (@saylor) May 30, 2024
This philosophy underscores the importance of long-term investment and patience, suggesting that accumulating small amounts of cryptocurrency can steadily lead to significant gains over time.
Saylor's message encapsulates this investment strategy and reflects his broader views on Bitcoin. He advocates for a disciplined approach to investing, warning against the pitfalls of trying to time the market or making large, speculative bets.
Bitcoin (BTC) price outlook
MicroStrategy has made headlines repeatedly for its substantial investments in Bitcoin, and Saylor's consistent advocacy has positioned him as a leading voice in the crypto space.
While he urges people to be humble and accumulate Bitcoin, even in small fractions, the price of the major cryptocurrency continues to test everyone's patience.
For the past two weeks, BTC has been trading in an extremely narrow price corridor, with an upper boundary of $72,000 and a lower one of $66,800. At the same time, the price of Bitcoin is held at $68,000 most of the time.