In the midst of Bitcoin’s recent price drop, Michael Saylor, the cofounder and chairman of MicroStrategy, has made a bold statement that has caught the attention of the crypto community. A vocal supporter of Bitcoin, Saylor took to Twitter to share his insights, declaring, “Success isn’t random—it’s calculated. Bitcoin.”
Saylor’s tweet was accompanied by an image illustrating his point. The image featured a mathematical formula based on key Bitcoin variables, including the total number of halvings, the number of blocks between halvings, the amount of new Bitcoins issued per block, and the cumulative number of halvings to date.
At a time when the cryptocurrency market is experiencing high volatility, with Bitcoin seeing a significant price decline, Saylor’s message resonates strongly. Various factors, such as macroeconomic uncertainties and investor profit-taking, have contributed to this downward trend.
Bitcoin, along with other cryptocurrencies like Ethereum, Ripple, and Chainlink, has faced losses ranging from 3% to 6%. Other assets, such as FET, TAO, WIF, and Floki, have experienced even larger declines of 7% to 18%.
The Calculated Approach to Bitcoin
Saylor’s mantra, “Success isn’t random—it’s calculated,” reflects his strategic approach to Bitcoin. MicroStrategy, under Saylor’s leadership, began accumulating Bitcoin in 2020 as a hedge against inflation and an alternative to traditional cash holdings.
MicroStrategy recently disclosed that it holds 226,500 Bitcoins, acquired for $8.3 billion at an average price of $36,821 per token. For Saylor and MicroStrategy, Bitcoin represents a deliberate and calculated investment strategy, rather than a speculative gamble.
Saylor has expressed increasing bullishness towards Bitcoin, reinforcing his belief in the cryptocurrency’s long-term potential.