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Guidance on Embracing Bitcoin by Michael Saylor

Apr 5, 2024

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The founder of MicroStrategy, Michael Saylor, known for his support of Bitcoin, recently shared guidance on how to "become the money." Saylor emphasizes the importance of remembering 12 words of the private key to a cryptocurrency wallet, suggesting that this action allows individuals to have control over their Bitcoin and essentially become their own bank. He highlighted the significance of not storing BTC on centralized exchanges but opting for hardware wallets instead, following the principle "not your keys, not your coins."

Saylor's recent comments on Bitcoin's price decrease below $65,000 and his encouragement to bet on BTC indicate his unwavering faith in the cryptocurrency. His statements suggest that Bitcoin serves as a shield against scams and loss of value, providing a long-term financial strategy according to Samson Mow, CEO of Jan3. In a recent tweet, Mow compared Bitcoin to Captain America's shield, symbolizing its solidity in terms of financial investment. Additionally, Mow shared his plans to celebrate the upcoming Bitcoin halving event by working diligently during that time, a tradition he followed during previous halvings in 2020 and 2016.

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