Bitcoin Evangelist Michael Saylor Advises the Crypto Community to 'Learn to Think in Bitcoin”

Michael Saylor, a vocal Bitcoin advocate and co-founder of BTC-focused giant MicroStrategy, has taken to the X social media network

Bitcoin maximalist and co-founder of BTC-focused giant MicroStrategy Michael Saylor has taken to the X social media network (formerly known as Twitter) to share an important piece of advice with those who continue to hold Bitcoin despite the recent plunge below the $67,000 level.

This advice is also aimed at those who are new to Bitcoin and have only recently begun to hold it.

Bitcoin has been rallying since the start of the year, reaching a new all-time high of $67,000 in November. However, the cryptocurrency has since lost some of its gains, dropping below the $67,000 level again.

Despite the recent volatility, Saylor remains bullish on Bitcoin in the long term. He believes that the cryptocurrency is still early in its adoption cycle and that it has the potential to reach much higher prices in the future.

In a recent tweet, Saylor offered some important advice to those who are still holding onto Bitcoin despite the recent跌幅. He said that it is crucial to “learn to think in Bitcoin.”

This means understanding the cryptocurrency’s unique properties and how it can be used as a store of value, a medium of exchange, and a unit of account.

According to Saylor, thinking in Bitcoin will also help investors to better understand the cryptocurrency’s market dynamics and to make informed decisions about when to buy, sell, or hold BTC.

Those who are new to Bitcoin may also find Saylor's advice to be particularly relevant. By learning to “think in Bitcoin,” they can gain a deeper understanding of the cryptocurrency and how it fits into their overall financial strategy.

This advice comes as MicroStrategy itself has been developing a long-term Bitcoin strategy, having started to buy BTC back in August of 2020. The company has continued to accumulate the world’s leading digital currency, which is now supported by Wall Street and spot ETFs.

Last week, these ETFs saw a return to inflows after their consecutive 19-day inflows had ended prior to that. On Wednesday, the market saw an impressive $101 million flowing into those BTC-based products.

Furthermore, MicroStrategy is planning to raise $700 million to buy more Bitcoin, as the business intelligence company announced an offering of convertible senior notes that will expire in 2032.

The company will be able to use the funds raised to add more Bitcoin to its balance sheet, which is one of its stated goals.

Initially, the plan was to raise $500 million but later the offering was adjusted to raise a total of $700 million.

These securities issued by MicroStrategy will bear annual interest of 2.25%, which will be paid out to investors semi-annually on June 15 and Dec. 15, starting in December this year.

Lastly, the company retains the right to buy out the notes for cash after June 20, 2029, provided that there are specific conditions for that and that the company’s class A common stock reaches certain price levels.

Meanwhile, in the bearish Bitcoin market performance on Wednesday, the largest cryptocurrency lost the recently regained $70,000 level, plunging to the $65,180 zone on Friday and losing nearly 7%. By Monday, BTC recovered, recapturing the $66,900 zone briefly and earlier today a bounce back again took Bitcoin up by 1.22%.

At the time of this writing, BTC is changing hands at $66,120.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-evangelist-michael-saylor-advises-crypto-community-learn-bitcoin.html

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