Michael Saylor's latest interview: The four-year cycle is dead; the market's biggest problem is being "too hasty."

In a recent interview, Michael Saylor dismissed the significance of short-term predictions for Bitcoin. He argued that judging Bitcoin's success within 100 days or even several months is a fundamental misjudgment, as no significant human achievement is accomplished in such a short timeframe.

  • Saylor emphasized that Bitcoin's core spirit is low time preference. Investors should adopt a minimum timescale of four years, while promoters of a long-term idea or change should think in terms of a decade.
  • He criticized the market for being "too hasty," using short-term price fluctuations to assess long-term transformational changes, which he views as a directional error.
  • Saylor's key point: requiring immediate results (like by a 93rd day) would mean nothing of substance in human history would exist, applying this logic to Bitcoin's evolution.
Summary

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.

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Author: PA影音

This content is for informational purposes only and does not constitute investment advice.

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