In the latest interview, Michael Saylor directly dismissed the significance of “short-term predictions.” He pointed out that attempting to judge the success or failure of Bitcoin within a hundred days or even a few months is itself a misjudgment.
Saylor used a very straightforward way to remind the market: almost no significant human achievement is completed within a hundred days. You cannot build a successful company in a hundred days, nor can you accomplish a truly world-changing endeavor in that time. If everything in human history had to show results by day 93, the outcome would be—nothing would exist.
In his view, the core spirit of Bitcoin is low time preference. As an investor, at least a four-year time horizon is needed; and if you are promoting an idea or a long-term transformation, ten years is a reasonable expectation.
Therefore, judging whether Bitcoin is successful based on price fluctuations over ten weeks or ten months is itself a misdirection.
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