Benzinga - In this crypto winter, we are starting to see some early signs of what could be a slight warming of the bear market with Bitcoin (CRYPTO: BTC) crossing and holding around $21,000.
That's good news for MicroStrategy co-founder Michael Saylor, who is known as one of the biggest corporate investors in Bitcoin with more than 132,500 BTC as of December 2022. He is said to personally own more than 17,000 BTC.
“I looked at the world and I thought that the Bitcoiners and the maximalist and those that are optimistic about the future of humanity and the entrepreneurs, and everybody that's struggling to create something beautiful on this Earth, that offers the prospect of personal sovereignty, and long-term value," Saylor once said. "I thought that those were the right people.” See clip by clicking here or view it below via a tweet by crypto market analyst Scott Melker (aka 'The Wolf of All Streets').
My favorite podcast clip of all time.Saylor says he is supporting Bitcoin because it benefits the ideas of personal sovereignty and financial freedom — ideas he believes are worth fighting for.November, 2020@Saylor breaks down why he chose to buy Bitcoin in the first place.
If this doesn't inspire you, nothing will. pic.twitter.com/qdYzXobx9J
— The Wolf Of All Streets (@scottmelker) January 20, 2023
“You have to choose your battles. So I decided I was going to do this thing. I have a lot of stuff," he said. "Seven yachts, six houses, and five jets. I don't need anything else. But there's one thing you need, which is you need a reason to live. I don't feel proud of winning if I win the wrong way.”
Saylor's continued devotion to holding Bitcoin is in contrast to billionaire investor Peter Thiel whose Founder's Fund divested most of its crypto holdings before the downturn, which brought criticism from the crypto community.
Recently, Bitcoin, Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) all made significant gains, though analysts have warned that we should not take these movements as a sign that the bear market has ended. They pointed to the Genesis bankruptcy and fears of a recession as sources of possible risk.
Cover image by Pete Linforth from Pixabay
Peter Thiel image from WikiCommons.
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