Michael Seller with 1 lakh 30 thousand bitcoins gives special advice to crypto investors for recession
Despite the market crash the company has not stayed away from its strategy of investing in Bitcoin, Michael is also advising his followers not to think too much about the market conditions and keep investing.
Special items
The price of cryptocurrency has been steadily declining
Investors are currently very worried about the state of the cryptocurrency market
Michael Seller urges investors to be patient
MicroStrategy CEO Michael Sayler has a piece of advice for investors facing a downturn in the cryptocurrency market. Michael Seller's company MicroStrategy owns about 1.3 million bitcoins and has also advised other investors not to think too much in this time of recession and continue to invest in crypto.
Investors are currently suffering badly from the state of the cryptocurrency market. While on the one hand investors are withdrawing from crypto investing, on the other hand crypto platforms are also taking steps like laying off employees to minimize their losses. But on the contrary, Michael is referring to his own bitcoin strategy. In a recent tweet, he called on investors to be patient.
Currently, the price of Bitcoin may have fallen to its two-year-old level but Microstrategy continues to buy Bitcoin. Despite the market crash, the company has not stayed away from its strategy of investing in Bitcoin. Michael is also advising his followers not to think too much about market conditions and to keep investing. But it’s also worth noting that not every company like MicroStrategy is big enough to cope with the massive decline in crypto. The current state of microstrategy has reached its margin level. But, if the price of Bitcoin continues to fall even after this, the company can still handle the situation.
Microstrategy continues to strengthen the position through funding. Even if the price of Bitcoin falls to 10,000, it can still hold Bitcoin. According to the seller's portfolio tracker, Bitcoin must be below $ 30,000 for the company to be profitable. Most recently, on April 5, the company announced another bitcoin purchase in which it purchased $ 4,167 worth of bitcoin.
03-Dec-2024