Key Takeaways
- Michael Saylor reaffirms: "It's never too late to buy Bitcoin" despite BTC's recent dip below $92,000.
- MicroStrategy's massive BTC accumulation: Holds 386,700 BTC ($21.9 billion) after a record $5.4 billion purchase.
- Market sentiment: Analysts attribute Bitcoin's decline to profit-taking post-ATH near $100,000.
"Never Too Late to Buy Bitcoin": Saylor's Unwavering Stance
Bitcoin advocate Michael Saylor, founder of MicroStrategy, echoed XPRIZE Foundation’s Peter Diamandis’s sentiment that investing in BTC remains viable at any stage. Amid Bitcoin’s drop below $92,000, Saylor tweeted:
"It's never too late to buy Bitcoin."
Natalie Brunell, host of the Coin Stories podcast, added:
"The ₿est is yet to come."
👉 Why Bitcoin’s long-term potential outweighs short-term volatility
MicroStrategy’s $5.4 Billion Bitcoin Purchase
On November 24, MicroStrategy announced its largest single BTC acquisition:
- 55,500 BTC purchased at ~$97,862 per Bitcoin.
- Total holdings: 386,700 BTC ($21.9 billion).
This follows a $4.6 billion purchase** earlier in November, funded via **$2.6 billion in convertible notes. Saylor predicts BTC could reach $13 million in a decade, displacing gold’s market dominance.
Bitcoin Price Dip: Profit-Taking or Correction?
BTC fell 7% in 24 hours, from $98,600 to below $92,000, before stabilizing at $92,192. Analysts suggest:
- Profit-taking after nearing the $100,000 ATH.
- Market cycles: Normal volatility during bullish trends.
Samson Mow dubbed it "Bitcoin Black Friday", urging investors to capitalize on the dip.
FAQs
1. Is now a good time to buy Bitcoin?
Yes, according to Michael Saylor. Despite short-term drops, BTC’s long-term growth potential remains strong.
2. How much Bitcoin does MicroStrategy own?
As of November 24: 386,700 BTC ($21.9 billion), including a **$5.4 billion** purchase this week.
3. Why is Bitcoin’s price falling?
Primarily due to profit-taking after nearing $100,000, a psychological resistance level.
👉 Learn how to strategically invest in Bitcoin during market dips
Final Thoughts
While Bitcoin’s volatility persists, Saylor’s confidence and institutional buys underscore its resilience. For investors, timing the market matters less than long-term conviction.