Michael Saylor’s Bitcoin holdings went from about $9.5 billion in unrealized losses to roughly $4.7 billion in profit in just about a week.
That is how volatile Bitcoin can be.
Today, MicroStrategy, now Strategy, holds 845,050 Bitcoin, worth roughly $66 billion+ at current prices.
And this is exactly why I keep saying the market is still early.
Bitcoin has been around for less than two decades, while gold has been used as a store of value for thousands of years.
I believe we are heading toward a future where 1 Bitcoin could be worth $1 million.
But to stay profitable as an investor, you need a long-term strategy.
You cannot enter the market today and expect to become rich tomorrow.
You have to understand the asset, understand the volatility and, most importantly, have the patience to stay through the cycles.
The market is still early. Think long term.
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