Not Selling a Single One! MicroStrategy CEO Interviewed: No price can force me to sell coins, Bitcoin should not and will not replace the US dollar

MicroStrategy CEO Michael Saylor recently made startling remarks in an interview, emphasizing that neither he personally nor MicroStrategy would be forced to sell Bitcoin due to price fluctuations. He also pointed out that Bitcoin should not and will not become the currency used by the United States, but rather is an asset.

No Price Will Make Me Sell

During an interview on "Coin Stories," Saylor was asked what he would do if the price fell below MicroStrategy's average Bitcoin cost. He emphasized that he would not be forced to sell, viewing it as the natural evolution of adoption curve and comparing Bitcoin adoption to the adoption of fire and electricity by humans:

It took humans 100,000 years to discover fire, and 20 or 30 years to master electricity; it's a slow process. I don't think Bitcoin will take 30 years, although information spreads faster today, it might still take 10 years.

Bitcoin Should Not Be Used as Currency

In another interview with cryptocurrency analyst Scott Melker, Saylor firmly believes that viewing Bitcoin as an asset rather than a currency is better for its development. He stated:

I really don't think Bitcoin will or should be used as currency in the United States; theoretically, it should be seen as property, like having real estate, gold bars, or stocks, it's a form of property.

Tech Giant Stocks Have Won Long Enough

Saylor mentioned tech giants like Apple, Amazon, and Google, contrasting their current price volatility with Bitcoin's. He pointed out that during the past 30 years of technological iterations, selling stocks during market turmoil instead of holding firm was a big mistake.

However, he believes that these tech giant stocks have already won for too long, and their growth rates may not catch up with Bitcoin in the future:

In times of technological iteration, you have to buy the winners, but I think 30 years is a bit late; waiting 30 years to pick the winners from these tech giants, you may not gain huge profits.

He emphasized that investors can still profit from these stocks over 10 years, but the only way to wealth is to buy assets that can appreciate a hundredfold.

And according to past laws, the only assets that can appreciate a hundredfold or a thousandfold are assets that 99% of people don't look favorably upon or don't understand.

Previously, based on U.S. Generally Accepted Accounting Principles, when the Bitcoin market price falls below the company's acquisition cost, losses need to be recognized in quarterly reports, which is approaching MicroStrategy and Tesla's average cost and may be recorded as a paper loss in Q2 earnings.