Saylor's "Bitcoin Obsession": Still Buying at $70,000—Is It Faith or Calculations?

If you had to pick the most persistent person in the crypto world, Michael Saylor would definitely be a top candidate.
While others trade based on technical analysis, he trades based on one statement:
"Never sell."
Recently, MicroStrategy financed again to buy 17,994 BTC, at an average price of about $70,946.
Many retail investors see this news and their first reaction is:
“It's over, institutions are starting to take over.”
But if you look closely at Saylor’s logic, you'll find his investment reasoning is actually very simple—
Bitcoin is the digital version of gold.
And even more scarce.
Because the total supply of Bitcoin is only 21 million coins, with 20 million already mined.
The remaining?
Gradually released over the next 114 years.
It's like an asset with a super slow issuance rate.
Saylor’s thinking is straightforward:
If in the future, global capital searches for "scarce assets," then BTC could become a kind of "digital reserve asset."
Of course, not everyone buys into this logic.
Many Wall Street investors also complain:
“This isn’t investing, it’s faith.”
But one interesting thing about the market is—
Faith often lasts longer than logic.
Many assets have risen in value historically not because of fundamentals, but because more and more people believe they are worth something.
Gold does, real estate does.
And now, BTC is slowly moving toward a similar narrative.
So when Saylor continues to add at $70,000, he’s actually betting not on short-term price movements, but on a bigger question:
Will global assets be re-priced over the next few decades?
If the answer is “yes,” then BTC might just be getting started.
If the answer is “no,” then he might truly become the most expensive "faith investor" in history.
But regardless, one thing is becoming clearer in the market:
When institutions start accumulating an asset long-term, the game rules often change.