Michael Saylor Shows 1.325% Profit In 'Hodl On' Post, Proof Of Trust In Bitcoin

Michael Saylor showed a profit of 1,325% in the post "Hodl On" (Photo; Doc. Bitcoinist)

JAKARTA - Michael Saylor, CEO of software company MicroStrategy and strong Bitcoin supporter, has again shocked the crypto world with a viral post titled "Hodl On". In the post, Saylor showed off its asset performance charts over the past four years, highlighting the great achievements of both MicroStrategy and Bitcoin shares.

In the infographics that Saylor shared, it can be seen that MicroStrategy shares have seen a remarkable increase of 1,325% since the company adopted Bitcoin strategy on August 20, 2020. In addition, Bitcoin, which is often considered the most dominant crypto asset, recorded a 451% increase over the same period. This figure far exceeds the performance of the major US stock index, the S&P 500, which only rose 71%.

The price of Bitcoin has been on a volatile journey since the summer of 2020. From hitting an all-time high of 69,000 US Dollars (Rp1,044 billion), then dropping drastically to 15,500 US Dollars (Rp234 million) due to the collapse of the FTX exchange, up again and setting a new record at 74,000 US Dollars (Rp1.1 billion). This illustrates how dramatic the price fluctuations of crypto assets are compared to traditional stock markets.

Saylor, who has been known for his confidence in Bitcoin, reiterated his views with this upload. Although the price of Bitcoin had dropped again to 63,500 US Dollars (Rp961 million) after surging above 65,000 US Dollars (Rp983 million) in recent days, Saylor remains optimistic. For him, short-term fluctuations are not important, and the strategy of hodl (holding assets in the long term) is key to achieving big profits in the crypto market.

Traders may be worried about this decline, with some analysts estimating the possibility of Bitcoin testing a lower key level at 62,300 US Dollars (Rp944 million), or even US$58,000 (Rp879 million). However, for Saylor, which focuses on long-term views, daily or weekly price movements are not a big deal.

Michael Saylor has been one of the leading voices in supporting Bitcoin as a store of value and long-term investment assets. Through his company's strategy, MicroStrategy has made massive investments in Bitcoin, making it one of the largest public companies with Bitcoin holdings in the world.

Saylor's viral upload not only highlights the extraordinary advantage of the strategy, but also confirms his position as a true Bitcoin bull. The main message he wants to convey is that for those who dare to survive in the midst of market volatility, large returns await.