“Bitcoin sells if you hate money”: Michael Saylor

The price of Bitcoin (BTC) exceeded on Monday the $ 122,000, marking a new historical maximum (ATH) and unleashing a wave of euphoria among its followers.

One of the first to react up was Michael Saylorleader of the public contribution company with more Bitcoin in the world, Strategy, who for years promotes the institutional adoption of BTC.

In a publication, the entrepreneur was bluntly stating: “Invest down Bitcoin if you hate money,” a phrase that summarizes his conviction that the asset is the best defense against the depreciation of Fíat currencies as the dollar.

Factors such as its fixed supply of 21 million BTC units, programmed issuance rate, decentralized network outside the control of governments and censorship resistance argue the upward vision of Saylor and market investors.

Bitcoin was created as an alternative to the fiat money subject to the devaluation for its unlimited issuance by the government on duty, which has attracted increasing demands to the digital currency.

In that line, Jack Mallers, CEO of Strike, celebrated the new price record with enthusiasm by asking the community if it is having a good time and warned people not to be fooled by the Fíat money. “The party has not even begun,” he said, implying that The real rally is still coming.

Meanwhile, Samson Mow, Canadian businessman and defender of Bitcoin, claimed that, Despite the new ATH, he perceives a generalized silence: “Bitcoin is breaking historical maximums and everything is too quiet,” he wrote, which marks contrast with the phomo seen publicly in other upward cycles.

In another entry, Mow stressed that, in his opinion, “99% of the world still does not realize that we are in the career of our lives to accumulate Bitcoin.” He even considered that some, such as the Finance Specialist Peter Schiff – Maximalist of Gold – are running that race “jumping back in one foot”, in reference to the negative position that the latter has on BTC.

Precisely, Schiff, one of the most ferrous critics of the creation of Satoshi Nakamoto, returned to the load. In response to a comment from Saylor in which he says that the price of BTC will continue to rise forever, Schiff said that Bitcoin behaves like a bubble and that will collapse as a pyramidal scheme.

The critic, Euro Pacific Capital CEO, said that “Bitcoin is based on the theory of the older fool”, and that, with some bad luck, Saylor could end up being the greatest of all of them. According to him, the current dynamics around the price cannot continue indefinitely.

However, although several agree that the current Bitcoin bullish cycle will eventually end, They do not rule out that their appreciation continues in the long termwhile its retail and institutional investment grows against the inflation of Fíat money.

Robert Kiyosaki, author of Rich father, poor father (1997), who is a fervent defender of Bitcoin. This celebrated the new maximum price as good news for those who already invested in the market, but lamented by those who decided not to buy.

The writer said he will continue to accumulate, although with caution, and advised those who have not yet begun to do it “little by little.”

Bitcoin’s bullish impulse not only marks a new price record, but also positions it as One of the most valuable assets in the world. As Cryptonoticia published, having exceeded $ 122,000 per unit, BTC displaced Amazon again in the fifth place in the global ranking for market capitalization, exceeding 2.42 billion dollars.