Michael Saylor Says Don't Invest in Bitcoin Unless You’ll Hold It for Over 4 Years— Strategy Chair Offers No 'Useful Wisdom' for Short-Term Traders

Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor advised investors on Monday to take a long-term approach to Bitcoin (CRYPTO: BTC) and refrain from investing unless they plan to hold it for at least four years.

‘Ideally Hold BTC for 10 Years’

During a Q&A session with Strategy’s shareholders, Saylor said the ongoing bear market has made things a bit “tougher,” but reaffirmed the company’s commitment to continuing its Bitcoin purchases.

“If you’re a short-term price predictor, you’re a trader, I don’t really have much useful wisdom for you,” Saylor said. “My advice is: don’t invest in Bitcoin unless you’re going to hold it for more than four years. Ideally, hold it for 10 years.”

Saylor cautioned investors to be prepared for “difficult” years ahead.

“We might have to actually ride through some number of months or a year or two to get to the point where things start to work to the benefit of the equity,” the Bitcoin bull stated.

Why Saylor is Fixated on the 4-Year Horizon?

Saylor has often recommended that investors look at a four-year blended measure of Bitcoin’s long-term value, which includes the 200-week moving average. It typically acts as the multi-year price floor or support level during major bear markets.