From Investing.com: 2024-05-30 12:00:24

Michael Saylor, CEO of MicroStrategy and well-known Bitcoin advocate, shared crucial advice for cryptocurrency enthusiasts. With his company being one of the biggest corporate holders of Bitcoin, Saylor emphasized the “stack sats” mentality, encouraging consistent accumulation of small amounts of cryptocurrency over time.

“Sats” refer to satoshis, the smallest unit of Bitcoin. 1 BTC equals 100 million satoshis. Saylor’s message highlights the importance of patience and long-term investment, cautioning against market timing and speculative bets. MicroStrategy’s significant Bitcoin investments and Saylor’s advocacy make him a prominent figure in the crypto space.

Bitcoin (BTC) has been trading within a tight price range of $66,800 to $72,000 for the past two weeks, predominantly around $68,000. Despite Saylor promoting humble accumulation of Bitcoin, the cryptocurrency’s price fluctuations test investors’ patience. This stagnant period underscores the importance of a disciplined investment approach and consistent accumulation over time.

Read more at Investing.com: Michael Saylor Delivers Key Bitcoin Tip By U.Today