To: TobagoJack who wrote (188800 ) 6/15/2022 1:39:32 PM From: Julius Wong Read Replies (2) | Respond to of 220169 MicroStrategy CEO: I can't come up with a better investment idea than Bitcoin Jun. 15, 2022 10:59 AM ET MicroStrategy Incorporated (MSTR) COIN , RIOT , MARA , BTC-USD , ETH-USD By: Brian Stewart , SA News Editor 107 Comments Joe Raedle/Getty Images News MicroStrategy CEO Michael Saylor defended his company's massive bet on Bitcoin ( BTC-USD ) in the face of a substantial market downturn that has taken the cryptocurrency to its lowest level since late 2020. "Over any timeframe, ... Bitcoin is the best performing asset. I can't come up with a better idea," the head of MicroStrategy (NASDAQ: MSTR ) told CNBC. Saylor argued that over the long haul, Bitcoin offers a significant way to preserve value, even if its near-term price sees significant ups and downs. "If your time horizon is one month, Bitcoin looks like a volatile asset. If your time horizon is 10 years, it looks like a risk-off store of value," he contended. The MicroStrategy CEO compared Bitcoin to real estate and certain trophy assets as "scarce desirable property." Saylor added any Bitcoin investor should target a timeline of at least four years. Less than that, he argued, a holder of the cryptocurrency becomes a trader, subject to short-term volatility. "I don't think you should trade anything unless you're a professional," he said. "So, my advice to anybody investing in Bitcoin is unless you're a professional high-speed trader with proprietary software, you ought to hold it for at least four years." In terms of his company's Bitcoin holdings, Saylor said concerns about a margin call for loans collateralized by the cryptocurrency have been "much ado about nothing" that has only served to make the CEO "Twitter famous." "We feel like we have a fortress balance sheet we're comfortable with and the margin lot is well managed," he concluded. MicroStrategy ( MSTR ) holds more than 129K in Bitcoin ( BTC-USD ) purchased for a total of about $4B. The stock has been hit hard by the recent meltdown in the crypto market. While the software company has non-Bitcoin cash flow from its core operations, it has become closely associated with crypto in the minds of many investors. As Bitcoin approaches $20K and other big-name cryptos, like Ethereum ( ETH-USD ), suffer large-scale declines, MSTR has plunged 70% so far in 2022. It has been joined by other names closely associated with the crypto market, like Coinbase ( COIN ), Riot Blockchain ( RIOT ) and Marathon Digital ( MARA ).