Bitcoin hits new high of $79K! MicroStrategy founder: Bitcoin holders over the past four years have not lost money

Bitcoin surged over 3% on 11/10 (Sun), surpassing $79,000, stimulating people in all markets on a calm holiday. Without any explosive news, some analysts believe it may be due to the global holiday, with institutions and professional traders relatively inactive, easily leading to an uptrend in a market with limited liquidity. Of course, all this optimism is also related to the expectation of a Trump-friendly policy after his election.

MicroStrategy Founder Explains Bitcoin Investment Cycle: Holding Forever is the Right Move

MicroStrategy founder Michael Saylor, in an interview, stated that the short-term cycle for investing in Bitcoin is four years, the long-term cycle is ten years, and the correct investment cycle is to hold forever. He even referenced a quote from Warren Buffett, who is not a big fan of Bitcoin, saying that if you can't hold an asset for ten years, you shouldn't even hold it for ten minutes.

"If you look back at the past four years, no one who held onto Bitcoin has lost money."

He mentioned that MicroStrategy started buying Bitcoin when it was at $10,000, so over time, you will see the results. However, this is both a blessing and a curse. The blessing is that it has become one of the most interesting and exciting things in the global financial world, while the curse is that it may cause anxiety for some short-sighted individuals in the short term.