.saylor believes one BTC will one day be worth millions of dollars btc mstr crypto
, was asked if he felt bad that MicroStrategy, which has 130,000 BTC on its balance sheet, did not take a solid profit and is now suffering losses. but is currently taking a $240 million loss on them. The situation is further overshadowed by the fact that these Bitcoin stocks were valued at $7.8 billion in November.Saylor clearly believes one BTC will one day be worth millions of dollars, which makes the current downturn of little consequence in the businessman's long-term vision.
The entrepreneur said he does not pay attention to BTC's drop from a record peak of $68,800 to the current $29,000—despite the fact that it has reduced the value of the BTC MicroStrategy holds in reserve by $4 billion.Following up on the question, Saylor called the trader mentality foolish, citing the famous story of Amazon's losses in the early 2000s.
Anyway, MicroStrategy's stock has already lost about 75% of its value from its peak in November and is now trading at $221.5 per share. They bottomed at $129 in early May and then rebounded 67% in the last two weeks.
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