Michael Saylor has spent six years telling the world to buy Bitcoin. In a recent investor Q&A, he said something that sounded like the opposite, and meant every word of it.
"If your time horizon is less than four months, you probably should own a money market," Saylor told investors directly.
"If you want a good return in four months to four years, you're probably a credit investor. If you're holding the equity, you need a minimum time horizon of four years. Ideally seven to ten."
Saylor was even more direct when asked about investors trying to predict Bitcoin's short-term price moves.
"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."
