Note that Michael Saylor is a controversial figure in the cryptocurrency world. He belongs to the so-called Bitcoin-maximalists, who recognise only BTC as cryptocurrencies, while calling any other coins “shytcoins” and supposedly seeing no value in them.

However, Sailor has gone a step further. In a recent tweet, he separated the concepts of Bitcoin and Web3 along with the DeFi sector and for some reason decided to separate BTC from blockchain. Apparently Michael doesn’t like the fact that other top coins are also powered by the technology, so he doesn’t want to link the concepts.

Michael Saylor’s tweet where he separates Bitcoin and other parts of the cryptocurrency world

Michael also became famous for his bizarre recommendation during the bullrun last year. Specifically, on March 10, 2021, he urged listeners to pawn their own homes and buy BTC with the proceeds. The cryptocurrency was worth $57,000 at the time. So not only would such an advice not bring significant earnings, but it would definitely provide a loss.

However, Sailor himself most often bought Bitcoin at a much higher price than the cryptocurrency is worth now. Here is a chart of MicroStrategy’s purchases of the cryptocurrency, where the moments of transactions are indicated by green dots. As you can see, most of the purchases were made when the first coin was valued above $40,000 to $50,000.

Chart of bitcoin purchases by MicroStrategy

As a result, MicroStrategy’s position today is at an unrealised loss of 46 per cent or $1.84 billion. By the way, if the company had bought ETH instead of BTC, it would now be in the black.

How not to lose money in Bitcoin?

Times are really tough right now: since hitting its all-time high last November, Bitcoin’s price has already fallen 76 percent. The cryptocurrency has recently fallen above an important support level of $20,000, which has caused a lot of concern among investors. Well beyond that, the coin fell into the $15,000 zone, which didn’t make fans particularly happy either.

Bitcoin exchange rate on the 1 week chart

However, Michael Sailor is not discouraged and talks about the importance of assessing the situation on a larger scale. That’s what he talked about in his interview with the Cointelegraph news outlet. Here is one of Michael’s quotes.

If you buy Bitcoin and plan to do something with it in a time horizon of up to four years, you’re just speculating in cryptocurrency. Once you get beyond the four-year horizon, you start doing dollar-cost averaging.


The quote refers to the DCA or dollar-cost average strategy, which is the regular buying of an asset at regular intervals for the same amount. This way, an investor can average his entry point into the market with each cryptocurrency investment.

Note that there's nothing wrong with speculating on cryptocurrencies, and there's no shame in taking a quote like that from Sailor. Still, BTC is now valued at $16,000. Obviously, sellers of the cryptocurrency at a notional $50-60 thousand could keep their earnings and in addition buy more coins after a drawdown. So don't take Michael Saylor for an investment genius: his company's Bitcoin position is $1.8 billion in the red today.


Former MicroStrategy CEO Michael Saylor

For MicroStrategy, the entry point into the market is at $30,639, the average price at which the company bought its 130,000 BTC or 0.62 percent of the circulating Bitcoin supply. So far, MicroStrategy has been making losses, but Saylor hasn’t stopped publicly talking about the importance of crypto in the world. He also advises to look less at the charts every day or every week.

Former MicroStrategy executive Michael Saylor

In addition, investors should separate working capital from investment capital. According to Saylor, if the money needs to be spent on something in the next twelve months, it falls into the first category. Consequently, it is better to invest investment capital in Bitcoin, that is, money that can be left unmoved for years without affecting one’s financial situation.

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Unfortunately, crypto fraud schemes are one of the main factors that deter investors from investing in the industry. Fraudsters are coming up with more and more inventive ways to steal their victims’ digital assets every year. One of them is throwing fake paper cryptocurrencies around in public places.

This phenomenon was recently spotted in a New South Wales Police publication in Australia. In the photo below, you can see a cryptocurrency wallet the scammers left in a crowded place for their victim to find.

Fake cryptocurrency wallet

On the back of the wallet there is a QR code, after scanning which the victim is redirected to a page where they can find out that the crypto-address allegedly has A$16,000 or US$10,000 in it. To withdraw the money, they need to leave their Bitcoin wallet address and pay a “fee”. If the victim succumbs to this manipulation and completes the transaction, bitcoins from their cryptocurrency wallet will be sent to the scammers.

It’s not just in Australia where criminals have pulled off a similar scheme. About four months ago, a Reddit user nicknamed mealends posted a photo of a fake paper crypto wallet, claiming it belonged to fraudsters.

Fake cryptocurrency wallet

The Australian police advise against scanning suspicious QR codes and clicking unknown links, and not to leave personal information there. These are basic cyber hygiene rules – they should be followed by every cryptocurrency user who wants to keep their digital assets safe.


We don't think Michael Saylor is the best role model for cryptocurrency investing. However, he is right about one thing: selling your own holdings of coins in a bearish trend after a market crash makes no sense. It is better to use this period to accumulate assets, especially if the opportunity is there.