In a recent interview, Michael Saylor directly dismissed the significance of "short-term predictions." He pointed out that attempting to judge the success or failure of Bitcoin within a timescale of 100 days or even several months is itself a misjudgment.
Saylor bluntly reminds the market that almost no significant human achievement has been accomplished in 100 days. You cannot build a successful company in 100 days, nor can you accomplish a truly world-changing business in 100 days. If everything in human history were required to be effective by the 93rd day, the result would be—nothing would exist.
In his view, the core spirit of Bitcoin is low time preference. As an investor, you need at least a four-year timescale; and if you are promoting an idea, a long-term change, then ten years is a reasonable expectation.
Therefore, judging Bitcoin's success based on price fluctuations over ten weeks or ten months is fundamentally misguided.
