Michael Saylor - The Bitcoin Maximalist - 10x Forever!!!

Bitcoin is up forever!

We tend to believe Bitcoin will go up forever because of the scarcity of the 21 million supply limit. We heard constantly this narrative in the crypto media and influencers.

Do not forget, it is simply a number set in the protocol. The consensus among the players in the ecosystem will never try to change this parameter.

Bitcoin is set to be the digital gold in the crypto sphere. An asset that will increase in value over time to preserve wealth. Not always relevant because of this extreme volatility.

Michael Saylor loves to promote Bitcoin

If you are around Bitcoin for a while, you know Micheal Saylor, the CEO of Microstrategy. Right now, with his company he had purchased over 140000 Bitcoin.

One player who controls so many coins in one company is scary. This influencer in the Bitcoin ecosystem constantly mentions Bitcoin will 10x, and then again 10x!

Something we know and predict is BTC will have a tendency to rise.

An influencer like Michael Saylor just thinks about making more money possible. At a certain point, it will sell Bitcoin to generate a profit on the balance sheet of MicroStrategy.

The sole purpose of the existence of a company is to generate a cash flow and profit. Without this purpose, you die!

Fiat money doomed to fail

We are in a world where we use fiat money. I learned recently in a podcast, the term fiat simply means an asset backed by nothing. By definition, we print money and we are forced to use it as a legal tender.

We removed the gold backing in 1974! Now the BRICS block wants to bring back an alternative with a currency backed by gold. Maybe in the beginning everything will shine and then again, even this currency might fail. Because of greed and manipulation by central powers for their own profit.

Central powers believe the solution to fixing every financial problem is with the printing press. Always target the 2% of inflation each year where saving does not make sense because you always lose purchasing power.

They rob you by inflating the supply of money in circulation. I know we need to have some liquid money in the bank for daily operations.

Alternatives to fiat money rail system

We have a few options on the table, like gold and precious metals, where you can preserve a portion of your wealth. But remember, you will not be rich if you put everything in this basket category.

For sure you have the narrative of Micheal Saylor to invest in Bitcoin. He believes the asset will always be 10x, then again 10x. I believe is good to have exposure to this asset but don't put everything on this one.

You can acquire hard assets like real estate, or collectibles that might increase in value. The essence is to keep your wealth and purchasing power.

You want to be in the future afford to spend on the goods and services you will need. You need to keep the less possible in cash where you always lose purchasing power.

I believe is not cool!

Last word

Bitcoin is a sexy and cool asset that created the world of crypto as we know it today. It faces a constant flow of volatility where the asset move constantly in price.

If we see the big picture for the long term. I believe Bitcoin will do 10x from where we are. I don't know for a 10x to another 10x along the road. Everything is possible in this crazy world.

Have a good and blossom Monday!

PS. It is my personal opinion. I am not a financial advisor, always do your own research.