Bitcoin as the Best Strategy

U.Today – Ki Young Ju has reiterated in a recent string of tweets that Bitcoin is the best strategy echoing the opinions of Michael Saylor. The cryptocurrency community is united and purposeful because of the emphasis both influencers place on the simplicity, clarity, and consistency of Bitcoin’s value.

MicroStrategy’s Performance

MicroStrategy CEO Michael Saylor has been a well-known supporter of Bitcoin. A graph displaying MicroStrategy’s performance since Aug. 10, 2020, demonstrates the noteworthy returns his company has achieved by implementing a Bitcoin strategy. MicroStrategy is up 1,206%, which is much higher than major indices and assets like Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA), as well as Bitcoin itself, which increased by 442%.

Long-term Potential

Ki Young Ju supports this philosophy by emphasizing Bitcoin’s long-term potential. The current Bitcoin data he observes is similar to the sideways movement that occurred in the middle of 2020, when older whales transfer their holdings to younger whales on-chain.

Wealth Distribution

An essential component of Bitcoin’s decentralized structure is the wealth transfer that occurs within its ecosystem. This ensures that the asset is distributed among a larger group of holders rather than being concentrated in the hands of a select few. Crucially, Ki Young Ju highlights that there has not been a major price increase following the halving, and that ordinary investors have not yet overheated the market.

Market Potential

This observation implies that there is still room for the market to rise, and a bull run may be approaching. According to Ki Young Ju, Bitcoin bull runs are frequently brief but intense and abrupt, highlighting the need for investors to exercise patience. The core of the Bitcoin ethos is this idea of perseverance and long-term thinking.

Community Advocation

Adherents of this strategy develop and mature, and as they do, they pass on their knowledge and convictions, strengthening the community through a cycle of advocacy and education. The belief in Bitcoin’s value proposition being passed down through generations reinforces its status as a hedge against conventional financial systems and a store of value.

This article was originally published on U.Today