CandleFocus "Don't Do That": MicroStrategy's Saylor Issues Crucial Warning
2024-10-15
Author: Content Editor
MicroStrategy CEO Michael Saylor warns against leveraged trading in Bitcoin, stating that it can result in significant losses. He suggests that instead of trading on leverage, it is more intelligent to raise equity or debt to buy Bitcoin. Saylor advises those with capital that can be held for more than four years to buy and hold Bitcoin, while cautioning against using short-term loans to bet on the cryptocurrency. He believes there is no alternative to Bitcoin and predicts its value will increase significantly. Saylor also sees Bitcoin as a potential partner for revitalizing struggling companies.
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