Michael Saylor Says Bitcoin's Newness Is The 'Strongest Argument' Against It, But Notes It Took People 30 Years To Embrace Electricity

Despite the drawdown, Saylor remains optimistic about the future of Bitcoin. Last week, he said that the ongoing "crypto winter" feels milder than past ones and will soon give way to a spring followed by a "glorious summer."The firm’s total holdings stood at 717,722 BTC acquired for $54.56 billion at an average price of $76,020 per coin. With Bitcoin trading below $64,000, the firm’s position has turned red, amounting to unrealized losses of roughly $9 billion.Saylor argued that “profound innovations” take ...